"Inertia and clumsiness" at the Federal Reserve Bank of New York nearly led to one of the biggest cyber-heists in history - resulting in $81 million being stolen from the central bank of Bangladesh - being even worse, according to a new report.
Cybercriminals are sneaking banking Trojans onto systems via the legitimate remote-access tool Ammyy Admin, researchers at Kaspersky Lab warn. The attacks are a reminder to watch for legitimate applications that may have been Trojanized.
The Federal Reserve's strategy for oversight of the U.S. migration toward faster payments won't change in the wake of the heists that exploited SWIFT payments, says Fed official Marianne Crowe. The long-term security of U.S. payments has always been a priority for the Fed's study of faster payments, she says.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
In just two years' time, RSA analysts have seen a 170 percent rise in incidents of fraud via the mobile channel. What's behind the spike, and what can security leaders do to help their organizations and customers curb fraud losses?
All fraud hurts, but when compared to other instruments and transaction channels, nothing has the potential to hurt like check deposit fraud. Account take over is still a major problem in the banking industry, and with recent mass compromise events, the risk is on an upswing.
Download this infographic to...
While many banks and merchants in Britain, France and Germany have long complied with the PCI Data Security Standard, deregulation has led organizations in other European countries to start taking PCI compliance more seriously and use it for competitive advantage.
Deception technology is gaining prominence with top organizations around the world. As more practitioners join the active defense bandwagon, is your organization ready? Smokescreen Technologies' Sahir Hidayatullah shares some insights to get you going.
Omni Hotels & Resorts is warning customers that for six months, hackers infiltrated its networks and used point-of-sale malware to steal payment card data. One security expert says more than 50,000 stolen cards have been sold by a hacker called JokerStash.
The release this week by the PCI Security Standards Council of a new PCI compliance resource for small merchants is being lauded by the banking and payments community. But how effective will the resource be at actually convincing merchants to move forward with PCI compliance?
Interbank messaging service SWIFT will begin collecting and sharing anonymized attack information and offering incident-response services - backed by Fox-IT and BAE Systems - to help hacked banks. But will financial institutions buy in?
After any significant breach, many parties - ranging from customers, clients, business partners and government agencies - will demand clarity as to how and what data was stolen.
The Federal Trade Commission, for example, acts to ensure that any given organization is not negligent or reckless with private...
What are the biggest threats to your organization's data? Recent media attention to high-profile cyberattacks would lead an organization to think external threats are its only concern. Unfortunately, this misconception allows another significant threat to your organization's critical assets to stay completely under...
Non-stop technology innovation, dynamic business environment, attackers exploit every conceivable gap, older security technologies not keeping up, newer ones coming at you at a dizzying pace, over-invested, underinvested, scarcity of security personnel-no perfect answers. Increasingly sophisticated and dangerous...