While user education is valuable, needed and helpful, there is one problem with this approach - it only partially works, and partially working is simply not good enough, security expert George Tubin contends.
Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
What are the top account takeover threats to banking institutions in 2013? Ken Baylor of NSS Labs discusses Zeus variants, mobile malware and how institutions can protect themselves from fraudsters.
An insider fraud scheme at a financial institution highlights how executives with too much power can abuse the system. What steps could have been taken to prevent the losses that ultimately led to this institution's failure?
The future of security in payments remains unclear, says Nicolas Vedrenne of the Merchant Risk Council. But international collaboration will be critical, especially as infrastructures merge.
If President Obama's second term were a movie sequel, I'd call it "Unfinished Business." It's time to step up and see through the cybersecurity initiatives Obama spoke about when he first took office.
More malware attacks fueled by Citadel and Reveton are getting attention from federal authorities, which say banking institutions and consumers should be on high alert. What can institutions do to mitigate emerging malware risks?
Jenny Durkan, the U.S. Attorney for the Western District of Washington, is taking a lead role in combatting cyberfraud. Under her leadership, federal prosecutors have upped their efforts to combat ever-increasing threats posed by digital crimes, including card fraud.
The Zeus Trojan is frightening because of its agility, evolution and success at stealing banking credentials. How can institutions fight back? Malware expert Andreas Baumhof offers new ideas.
What are the top four malware-related issues that all organizations should focus on this year? Andreas Baumhof of ThreatMetrix shares insights based on five years of malware analysis.
In Georgia, a man has pleaded guilty for his role in a $1.3 million phishing scheme. How did Bank of America and Chase help law enforcement agencies crack this alleged international fraud ring?
When it comes to curbing ACH fraud, banking regulators and law enforcement agencies have joined forces to keep institutions abreast of emerging best-practices. What are their top recommendations?
Microsoft Corp. says it led a team that has successfully disrupted command and control servers used to run some of the world's most damaging variations of botnets proliferating the Zeus malware.
The Texas Department of Banking has partnered with the U.S. Secret Service to help banking institutions prevent ACH/wire fraud. What are this new task force's key recommendations?
Skimming is a problem, but it's not the top card fraud scheme. Which incidents does the U.S. Secret Service see most often striking networks and POS systems? One agent shares his insights.
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