Wire fraud perpetrated via business email compromises has quickly become a top concern for banking institutions. Now one bank fraud executive predicts this type of fraud could exceed $1 billion this year.
Psychologically speaking, nothing beats the power of a well-timed deadline. And love it or hate it, Google's 90-day "Project Zero" deadline for fixing flaws - before they get publicly disclosed - has rewritten bug-patching rules.
The Federal Reserve on Jan. 26 revealed its roadmap for an overhaul of the U.S. payments system, which includes plans for faster settlement and a focus on improving payments security to reduce fraud.
Consider President Obama's signing of the Federal Information Security Modernization Act this month an early birthday present for Sen. Tom Carper, the chief sponsor of the legislation that updates FISMA.
The response by Sony Pictures Entertainment executives to the hack attack against their company provides a number of great examples for how to not to handle a data breach. Here are 7 key mistakes they made.
Recalling an up to 10-day delay in Homeland Security helping other agencies cope with the Heartbleed vulnerability, DHS's Phyllis Schneck champions FISMA reform legislation that would codify the department's role as guardian of civilian agency IT.
The United States Cyber Command represents an advancement in the war against cyber adversaries, but can it unite the services to provide the nation with a cyber defense or should the military establish a new, cyber branch?
For the first time in its decade-long history, the Federal Reserve's triennial Payments Study includes fraud data. The Fed's Jim McKee says these findings set a baseline about U.S. card fraud trends.
A review of the RSA 2014 agenda shows several seminars, panels and speakers of particular interest to healthcare-focused attendees, including those focused on mobile device security and medical device hacks.
Receiving a notification letter about a data breach brings home the reality of just how common these incidents are - and how much prevention work, including encryption, still needs to be done.
A new takeover scam that the FBI calls a "man-in-the-e-mail" attack has drained $1.65 million from three Seattle-area businesses' accounts. Learn what steps to take to avoid becoming the next victim.
Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
One key provision of Article 4A of the Uniform Commercial Code, which deals with reasonable security measures for banks, needs to be dropped, contends attorney Dan Mitchell, who represented PATCO Construction in an account takeover dispute.
Account takeover fraud is growing globally, and it's not just banks that are suffering, says analyst Julie Conroy. Here, Conroy explains why fraudsters continually have the upper hand.
A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.
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