Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
The most recent Federal Financial Institutions Examination Council (FFIEC) supplement states that "...controls implemented in conformance with the guidance several years ago [the 2005 original guidance] have become less effective," and clarifies that "...malware can compromise some of the most robust online security...
Fraud Summit - San Francisco 2014 - It has been nearly three years since the FFIEC issued updated guidance aimed in part at curtailing incidents of corporate account takeover. Yet, banking/security leaders today say their current anti-fraud investments have done little to reduce fraud incidents or losses. Register for...
The FFIEC just issued new guidelines on DDoS risks to U.S. banking institutions. What is the substance of these guidelines, and how must banks and credit unions respond? Rodney Joffe of Neustar offers advice.
A DDoS attack against Ellie Mae, which provides technologies to mortgage originators, comes just as banking regulators issue a reminder about the risks associated with such attacks. Experts offer risk mitigation insights.
The FFIEC just issued new guidelines on DDoS risks to U.S. banking institutions. What is the substance of these guidelines, and how must banks and credit unions respond? Rodney Joffe of Neustar offers advice.
Starting with the Federal Financial Institutions Examination Council (FFIEC) requirements, this white paper describes how Tenable's unified security monitoring platform meets and exceeds these requirements, ensuring continuous compliance, lower total cost of ownership, tangible security risk reduction and the ability...
The PATCO fraud case shows why banking institutions cannot rely on compliance to ensure security. In an RSA 2013 preview, attorney Joseph Burton discusses legal lessons from the PATCO settlement.
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.
In a new alert, the OCC says banking institutions should be concerned about fraud attempts linked to recent distributed-denial-of-service attacks on prominent U.S. banks.
As online threats continue to escalate, organizations need to adopt best practices in online security that can also achieve user convenience and budget constraints.
Financial institutions face similar security challenges when delivering online and mobile banking services today:
How to maintain customers'...
How well do U.S. financial institutions conform to the FFIEC Authentication Guidance? One regulatory agency discusses the state of conformance and what its examiners have learned from institutions.
IT security expert Francoise Gilbert says the FFIEC's new resource document on cloud computing understates the risks all banking institutions should consider. What areas is she most concerned about?
A lingering legal dispute over a corporate account takeover incident at escrow company Village View has finally come to a close. Find out more about the details of the case and the settlement.
Dollars lost of fraud are one measure of an incident's impact. But the "soft" costs - loss of reputation and productivity - are the ones that most get the attention of Terry Austin of Guardian Analytics.
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