From sophisticated malware to socially-engineered schemes, banking institutions of all sizes are under constant, multi-channel attack. How can they respond? Daniel Ingevaldson of Easy Solutions shares ideas.
The White House cybersecurity coordinator, National Security Agency director and top officials from the departments of Commerce, Homeland Security and Justice have scheduled a briefing on the administration's cybersecurity policy the day after President Obama delivers his State of the Union address.
President Obama devoted 26 words to cybersecurity in his 2012 State of the Union address. What will he say this year? We asked IT security experts to play speechwriter, and here's what they would have the president say to Congress on cybersecurity.
"We felt that it was very important to come out with this and say this was how easy it is for them to break into any U.S. company, and here's how they're doing it," The New York Times' Nicole Perlroth says.
A quick glance at a new survey suggests that businesses care more about protecting the privacy of their customers than governments do about their citizens. That's what the numbers say. But the numbers don't necessarily tell the whole story.
Using technology to prevent breaches is insufficient. Security leaders also must address the human factor, making sure staff members receive appropriate training on clear-cut policies - before it's too late.
"We're going to have to find a way to address the interests of other states to ... find common ground," Secretary of State John Kerry says. "We're just going to have to dig into it a lot deeper. I don't have a magic silver bullet to throw at you here today."
Independent monitoring shows U.S. banks doing a better job of deflecting DDoS attacks. Nevertheless, DDoS expert John Walker says the attackers continue to represent "a growing threat" to all organizations.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
As lawmakers take up cybersecurity legislation in the new Congress, the Business Roundtable reinforces its opposition to efforts by the government and business to collaborate on developing IT security best practices.
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
Mobile attacks are on the rise, and banking institutions need stronger authentication and better defenses against out-of-band compromises. But what else should banks be doing in 2013? Experts weigh in.