While massive DDoS attacks were dominant in 2013, this year, smaller application-layer attacks going after such things as log-in pages and password files are far more common, says Rich Bolstridge, chief strategist, financial services, at Akamai Technologies.
Website security firm CloudFlare is warning organizations worldwide to be on the lookout for an increase in larger DDoS attacks. But these NTP attacks are far less sophisticated than the earlier DDoS attacks that targeted U.S. banks.
The hacktivist group European Cyber Army on Jan. 28 said it waged DDoS attacks against Bank of America and JPMorgan Chase. DDoS-tracking sources say the botnet involved is the same one used for 2012-2013 attacks against U.S. banks.
From new malware to the Target breach, cyber-attacks reached an all-time high in 2013, says Cisco's Annual Security Report. Cyberthreat expert Levi Gundert tells how organizations can regain the advantage in 2014.
The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.
Banking executives were among the CEOs who met with President Obama at the White House to discuss cybersecurity strategies. Paul Smocer of BITS explains how this discussion may pay off for financial institutions.
The Office of the Comptroller of the Currency is the first major U.S. banking regulator to issue updated guidance on third-party risks. What are the key tenets, and what should institutions expect next?