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The National Credit Union Administration is the second federal regulator to issue a warning about fraud risks linked to DDoS. One legal expert says banking institutions must heed the warning.
The hacktivist group Izz ad-Din al-Qassam Cyber Fighters warns that DDoS attacks against U.S. banks could resume soon. What tips do security experts offer for DDoS detection and response?
Although hacktivists announced suspension of DDoS attacks against banks, other industries are now getting hit, and banks can't afford to get complacent because of the fraud risk, says security specialist Bill Stewart.
A quick glance at a new survey suggests that businesses care more about protecting the privacy of their customers than governments do about their citizens. That's what the numbers say. But the numbers don't necessarily tell the whole story.
Although a hacktivist group says it has suspended distributed-denial-of-service attacks on U.S. banking institutions, banking and security leaders aren't convinced. "Banks should certainly remain on guard," says Gartner's Avivah Litan.
The hacktivist group Izz ad-Din al-Qassam Cyber Fighters announced Jan. 29 that it is suspending its second campaign of DDoS attacks against U.S. banks. Learn why the group is ending the campaign.
Hacktivists on Jan. 22 threatened more DDoS attacks against U.S. banks and claimed they recently hit three institutions. Despite banks' improvements in staving off online outages, the longevity of the attacks is concerning, experts say.
Banks have improved DDoS defenses, but ensuring ongoing online reliability requires a more offensive measure - one that rids the Internet of vulnerable sites that can too easily be used for bot traffic.
In the rush to allow personal devices to be used for work, we in application security neglected to examine thoroughly the new risks external applications may introduce to our organizations.
Gov. Nikki Haley devoted nearly 10 percent of her State of the State address to cybersecurity, responding to public outrage over a breach of South Carolina's tax system that exposed the records of nearly 4 million taxpayers.
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
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.
U.S. banks are improving efforts to thwart distributed-denial-of-service attacks. But they're struggling to find the balance between informing customers and giving attackers too much publicity.
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