Amy McHugh, a former FDIC IT examination analyst, says banking regulators will soon scrutinize C-level executives and boards of directors to gauge their cybersecurity awareness in the wake of the FFIEC's pilot cyber-risk assessment program.
As part of their breach response strategies, organizations need to establish clear guidelines in advance so they know when it's appropriate to offer victims free credit monitoring or ID theft protection services.
If JPMorgan Chase, which was considered one of the most secure organizations in the world, can be breached, then virtually all other banks likely are at risk, too. Experts explain why early detection and information sharing are key to mitigating threats.
Security experts are advising Google users to change their passwords in the wake of almost 5 million usernames and passwords surfacing on Russian cybercrime forums. But some of the stolen data may be several years old.
Call center data and logs can help banks predict account-takeover attempts across multiple banking channels, says fraud expert Matt Anthony, a presenter at ISMG's upcoming Fraud Summits in Toronto and London.
Information Security Media Group recently hosted a Twitter chat on the latest fraud trends featuring analyst Avivah Litan, director of research at Gartner, Read the entire transcript of the #ISMGprotalk Twitter chat.
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
A security expert and average consumers respond differently to the eBay breach. As most customers retain a high degree of faith in online merchant security, the expert believes eBay committed a serious sin in its lack of strong authentication.