A ransomware campaign has targeted millions of bank clients in the U.K., and experts warn of a worldwide surge in attacks. They say banking institutions have to be diligent about informing customers of the risk.
U.S. Attorney Steve Wiggington says identity theft, especially linked to card skimming, is still the No. 1 fraud threat facing financial services institutions as well as consumers. He stresses information sharing is critical for fighting fraud.
Senior leaders in business and government are buying in to the need for more cybersecurity investments as well as threat-intelligence sharing, new research shows. But why are they still struggling to hire the right security pros?
New revelations about how the National Security Agency collects and uses e-mail and instant-messaging contact lists demonstrate bad data governance practices that raise serious concerns, a leading privacy attorney says.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
On the one-year anniversary of al-Qassam Cyber Fighters' first announcement about DDoS attacks against U.S. banks, experts discuss what may happen next, including whether the group will join forces with the Syrian Electronic Army.
Organizations still have concerns about sharing too much data and threat intelligence to help thwart attacks. But EMC's Kathleen Moriarty says organizations' fears about intellectual property compromises are overblown.
OpUSA's planned Sept. 11 DDoS against U.S. banks and governmental agencies proved to be uneventful, experts say. But they warn that other potential attacks, especially those with a Syria connection, could prove to be far more serious.
Three U.S. banks have been targeted by new DDoS attacks that apparently had little impact. As bank defenses improve, some experts say the attackers may shift targets to other industries affecting critical infrastructure.