The FFIEC's Cybersecurity Assessment Tool needs to be redesigned, as the tool's current design sets institutions up for cyber-risk assessment failure. Industry leaders say they're hopeful that change is on the way because the FFIEC is reviewing a second wave of comments about the tool's efficacy.
Cybersecurity is becoming an issue in the U.S. presidential campaign, finally. That's good news because it's critical in our day-to-day lives. But are the candidates doing the issue justice in the way they address it?
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
ATM fraud losses are increasing globally, and we can expect to see this trend continue as the U.S. ramps up its migration to EMV at the point of sale. Unattended terminals are easy to compromise, and they will always be among fraudsters' favorite targets.
The urgency of shifting to EMV to reduce card fraud is one of many hot topics on the agenda at Information Security Media Group's Fraud Summit San Francisco, to be held Sept. 15. Keynoter Eduardo Perez of Visa will kick things off with an in-depth analysis of the migration to EMV.
The FDIC says cybersecurity is a business continuity issue. So it's offering banks a series of videos and exercises to help them address key threats, including account take-over, malware infections and other risks related to third parties.
News that charges were filed last week against two California residents for their alleged roles in the 2011 Michaels crafts stores breach, which involved terminal tampering, is a reminder of how much hackers have improved their techniques in just four years.
The 30-day Cybersecurity Sprint overseen by Federal CIO Tony Scott has crossed the finish line, but in reality, it looks more like a starting gate to a marathon to get the federal government to secure its battered IT.
Outrage has erupted in Britain after a London police helicopter crew tweeted a photograph of well-known comedian Michael McIntyre as he was about to cross the road. Has the British surveillance state run amok?
Although they apparently weren't caused by cyber-attacks, the impacts of computer failures at the New York Stock Exchange, United Airlines and the Wall Street Journal have much in common with the aftermath of breaches.
As federal lawmakers return this week from their Independence Day recess, Congress picks up where it left off before the break: holding hearings on the Office of Personnel Management breach that exposed the personal records of millions of government workers.
Would encryption, two-factor authentication and other measures stop a determined adversary from stealing millions of U.S. government personnel files? No, a former CIA CISO says. Read how Robert Bigman would defend against OPM-style cyber-attacks.
At last week's payments security event at the Federal Reserve Bank of Kansas City, some merchants and industry experts said the PCI-DSS may soon outlive its usefulness. Find out about their concerns.
U.S. merchants that aren't able to accept EMV chip cards by October should be bracing for significant upticks in card fraud expenses. Unfortunately, many merchants are far from prepared.
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