Despite commitments by leading payment card brands to enhance security, some critics say the White House cybersecurity summit produced no specifics for how the public and private sectors will curb cyber-fraud.
The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.
Mega-breaches, including the recent hacking attack on Anthem Inc. always result in an uptick of interest in cyber-insurance, but determining how much coverage to buy is an ongoing challenge, says data privacy attorney Marc Voses.
The volume of spam messaging is down, but the bogus messages that are getting through? They're more malicious than ever, says Cisco's Jason Brvenik. He shares insights from Cisco's 2015 Security Report.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
In a Feb. 13 keynote speech at a cybersecurity summit, President Obama described the cyberworld as the "wild, wild West" and the American government as the sheriff. Then he signed an executive order aimed at boosting cyberthreat information sharing.
On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
Congressional investigators for the first time are designating protecting the privacy of personally identifiable information as a high risk area within the federal government and calling on Congress to enact new legislation to enhance PII safeguards.
At a White House summit at Stanford University today, President Obama will sign an executive order to encourage more private sector information sharing. But will businesses buy into his proposals?
Enterprise IT administrators are being urged to immediately patch a flaw that affects every Windows system released for the past 15 years. Attackers could remotely exploit the flaw to take control of a device and run any code of their choice.
As hack attacks, such as the breach of Anthem Inc., become more common, it's more critical than ever for organizations to carry out an "adaptive defense model" to protect sensitive information, says Dave Merkel, chief technology officer at FireEye.
A new federal cyberthreat intelligence center could help the government build more resilient networks and better identify cyber-attackers, leading to arrests and punishments, says Harry Raduege, a former top Defense Department IT leader.
The Anthem breach, which possibly started with a phishing campaign, is a prime example of how hackers are perfecting their schemes to target key employees who have access to valued information, says Dave Jevans of the Anti-Phishing Working Group.
Ten state attorneys general have criticized Anthem Inc. for being too slow to communicate with those affected by its massive data breach. But the health insurer says it will post details Feb. 13 on how victims can enroll for certain free services.
The Federal Reserve, which just two weeks ago announced a plan for faster and more secure payments, now says it's prepared to play a more hands-on role if private sector progress with the rollout lags.
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