Bank of America blames a suspected breach of credit card data on an unidentified third party. What happened, and what can other institutions do to better protect themselves and their customers?
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Verisign Inc. may have followed the letter of the law when revealing a series of breaches in an SEC filing. But the company that assures the flow of a hefty portion of Internet traffic should have been more forthright to ease the minds of its various constituencies.
IT security provider Symantec says it identified multiple publisher identifications on the Android Market that are being used to push out Android.Counterclank, which it characterizes as a bot-like threat that can receive commands to carry out certain actions, as well as steal information from the device.
People, as much as anything else, are a critical aspect of information risk management, and businesses and government agencies must monitor employees - and educate them, as well - to thwart a potential threat from within.
As part of the updated FFIEC Authentication Guidance, U.S. banking regulators mandate that financial institutions conduct periodic risk assessments of their electronic banking services.
But in the face of evolving threats, a growing online customer base and emerging mobile technology, what is the most effective...
As organizations move to the continuous monitoring of their IT systems to assure they're secure, they rely much more on automated processes. But don't forget the role people play.
When the Commonwealth of Pennsylvania suffered a major security breach a few years back, vulnerabilities in a Web application were to blame. CISO Erik Avakian explains how the state developed a process to correct flaws in application code.
Researchers from Kaspersky Lab say at least two other pieces of malware may have been developed on the same computing platform, perhaps by the same individuals.
These new sites now make Information Security Media Group the largest global network of information security-focused media sites, reaching the most diverse audience of decision-makers in each of ISMG's key markets.
Fraud threats have changed little in the past decade. But their global scale has, and James Ratley, president of the ACFE, details how fraud examiners must change their approach to fighting these crimes in 2012.
Customers want to be involved with their banking security, but few institutions allow them to play active roles in fraud prevention. What has to change?
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