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.
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.
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.
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.
President Obama twice threatened to veto info sharing bills sponsored by Rep. Mike McCaul. So when the Texas Republican backs the Democratic president's plan for a cyberthreat intelligence center, you've got to think it's a great idea. Maybe, maybe not.
The Obama administration has announced creation of a federal agency to analyze information culled from other agencies to battle cyberthreats to the government and the private sector. But the action is already drawing criticism.
In the wake of the cyber-attack against Anthem Inc., New York's Department of Financial Services has announced plans to conduct cybersecurity assessments of insurers doing business in the state. Experts say other states may follow New York's lead.
It's barely a drop in the bucket, but President Obama is earmarking $7 million of his nearly $4 trillion federal budget to help NIST provide stronger cryptographic solutions and privacy-enhancing tools.
Anthem believes that the breach that has exposed up to 80 million individuals' information possibly began after a handful of employees fell victim to a phishing attack. Other attackers appear to be using the breach as a lure for their own phishing campaigns.
New business continuity guidelines from the Federal Financial Institutions Examination Council paint a more detailed picture of the cybersecurity initiatives banks and credit unions will be asked about during upcoming IT examinations.
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