To safeguard digital customer files and stymie potential identity thieves, Brintech’s Chris Koger has a quick list of tips for bank officers. They’re based on the most common errors that risk assessors come across
Credit Unions, Smaller Institutions Now Phishing Targets EBay and PayPal are no longer the primary targets of phishing emails; the phishers have cast their lures at customers of smaller businesses, including credit unions and other institutions, according to security vendor Sophos.
Vulnerable Web Servers Are More Quickly Identified By Fraudsters The news from the crimeware front isn’t good. The research team at RSA Security reports the discovery of a tool that fraudsters are using to automatically trace vulnerable web servers, allowing them to quickly launch multiple phishing attacks.
New ID Theft Scam Targets the Really Big Fish Phishers are now setting their hooks on high-income individuals, and the term that information security researchers are using is “Whaling” -- or spear-phishing that really big fish.
Bad Guys Getting Better, Aiming HigherInformation Security Media Group took the opportunity to talk with Dean Turner, Director, Symantec Global Intelligence Network, about Symantec’s latest Internet Security Threat Report. He shared some of his insights re: the most important changes in the threats being seen...
While many computer users have sent them in the past, the future of E-cards (or electronic greeting cards) may be dimmed because of the recent use of them in scams targeting consumers. Financial institutions need to educate their employees and customers more about the dangers of opening electronic greeting cards....
With identity theft topping the Federal Trade Commission's list of US consumers complaints, the release of a new report issued by a leading consumer advocacy group that puts a price tag of more than $7 billion on the cost of cybercrime to the US consumers is not a surprise to many familiar with the identity theft...
How would your employees respond to a phishing email? Would they immediately forward it to your information security officer, or would they shrug it off and hit the delete key? What if they receive a call or voice message from someone asking for what (at the time) seems to be innocuous information on a customer? Have...
Employees play an integral role in protecting the assets of an institution, and as such, need to be adequately trained and made aware of the basic security practices which are frequently overlooked. A set-it and forget-it approach "we're protected because we have a firewall" to information security ignores end-users,...
It’s often said that the biggest problem with information security is the space that is filled between the chair and the keyboard. While many of us in information security at financial institutions will shake our heads in agreement with that statement, the need for education of our customers is a pressing issue.
When it comes to phishing, the smaller institutions out there that aren’t prepared for a phishing attack to hit their brands are playing “Russian Roulette†with their brand and reputation, says one leading security solutions firm.
“Smaller institutions should not be complacent. Brand and...
The Federal Trade Commission’s second summit on Spam in the last four years addressed the growing problem of unsolicited emails that is creating costs for businesses and consumers alike.
FTC Chairman Deborah Platt Majoras addressed the summit held July 11-12 in Washington, D.C. “The volume of spam...
With the recently discovered “plug and play†phishing kit, a relatively “non-technical†person with the right information could launch a phishing attack against any financial institution.
Research from McAfee’s Avert Labs shows threats including phishing web sites are on the rise, as expected. But other pests such as remote-controlled bots show unpredicted signs of decrease.
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