Data breaches are all about reputational risk, says attorney Lisa Sotto. And as legal requirements grow, attorneys must play increasingly integral roles in helping clients respond to incidents.
Retailers and fast-food chains throughout the world are reporting an uptick in point-of-sale skimming incidents. Why do fraudsters find retailers and restaurants so easy to target?
Bank of America, a pioneer in mobile banking, says mobile is hot, but it also opens financial institutions to unknown risks. What proactive steps should banks and credit unions take to ensure they're ready?
IEEE sees 2012 as a disruptive year of widespread mobile-device intrusions as a growing number of smartphones - now 20 percent of the market - make them an attractive target for hackers.
Phishing schemes, like the one claiming to be from the Better Business Bureau, target consumers who have concerns about troubled accounts or account breaches. And social engineering is used more often to acquire financial and personal information.
BITS president Paul Smocer says banks can expect an uptick in cybersecurity-focused legislation in 2012. What impact will changes from Capitol Hill have on requirements for data breach notification, information sharing and critical infrastructure?
Authorities in New York have indicted 28 suspects for their alleged connection to a skimming scheme that targeted AmEx cardholders. What did the take-down expose about growing innovations in insider fraud?
How did fraud specialists at Chase successfully thwart an alleged ATM skimming scheme that impacted 1,500 customers? The bank's fraud-detection efforts draw praise from Gartner's Avivah Litan.
A wave of security breaches serves as a catalyst for all types of organizations to assess the need for cyber insurance. Here's the story of one institution that saw the threat and took out a $10 million policy.
Two years after his business was a victim of ACH fraud, PATCO's Mark Patterson doubts whether most small business owners are yet aware of the risks they face. And he doesn't think the FFIEC guidance will help.
ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
A warning issued this week by the OCC about a fake banking website highlights the need for stronger domain-naming practices, especially in the financial space.
Too many of today's firewalls are out of date and opening organizations to unacceptable business risks, says Chris King of Palo Alto Networks.
So, how do we quickly get to the next-generation firewall - and what are the key qualities it will need to embrace?
In an interview about the future of firewalls, King...
Banks and credit unions are feverishly working to meet the FFIEC's authentication compliance deadline next year. But experts say institutions should be looking beyond the guidance, by making investments in cross-channel fraud detection.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.com, you agree to our use of cookies.