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.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.
Curbing pay-at-the-pump card skimming attacks is daunting, and incident tracking is to blame. But a new initiative spearheaded by the oil industry and card issuers raises the bar for information sharing.
Gov. Nikki Haley realizes the potential political consequences of a breach, which explains why she held three press conferences on three consecutive days to address her administration's response to a computer breach of the state's tax IT system.
Identity Fraud is a significant problem for financial institutions, costing billions of dollars in losses. Fraud prevention efforts can reduce losses, but often interfere with the smooth servicing of legitimate customers. Moreover, determined fraudsters have defeated many of the fraud prevention mechanisms employed...
A breach at a Texas credit union shows how fraudsters target financial institution employees to gain access to sensitive information. Why are institutions proving to be soft spots for compromise?
TD Bank's October breach notification about two backup tapes lost in March is difficult to justify, legal experts say. As a result, the bank could face lawsuits, as well as state fines.
The unit of the Department of Health and Human Services that administers the Medicare program isn't consistently complying with the breach notification rule that HHS enforces, a new report shows.
RSA's Etay Maor says Citadel malware and ransomware attacks highlight a growing threat banking institutions and consumers must be prepared to fight. What can institutions do to mitigate risk?
Targeted phishing attacks are at an all-time high, and one reason for the proliferation is a non-unified response from industry and government, says Peter Cassidy of the Anti-Phishing Working Group.
High Roller malware attacks are the latest potential threats that point toward the need for layered security controls. What advice do banking/security leaders offer for responding to these attacks?
A federal court has handed down a five-year prison term, plus restitution, to a Seattle man who targeted Chase ATMs in a four-state skimming scheme. Is this a sign sentences are getting steeper?
Two men have been sentenced for defrauding accountholders whose debit cards were compromised in the Michaels point-of-sale breach that hit stores in 20 states. What was their role in an elaborate fraud scheme affecting nearly 100,000 accounts?
The number of phishing sites is at an all-time high. And so are the targeted brands. The message, says Peter Cassidy of the Anti-Phishing Working Group: "No brand is safe."
Learn how to prevent spear phishing - the latest and most dangerous technique in the cybercriminal's arsenal - from infiltrating your networks and compromising your customer data, intellectual property, and valuable trade secrets.
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