One of the most significant conferences of the year devoted to healthcare information security issues will be held next week in Washington, and we'll be providing full coverage.
In his first three weeks on the job, Farzad Mostashari, M.D., national coordinator for health information technology, made good on his pledge to improve communication in his office.
This kind of problem happens to everybody, says Marcus Ranum, CSO of Tenable Network Security, in response to the widely publicized breach at RSA. And maybe hes right. Perhaps this kind of problem does happen to everyone. But should it?
Skimming remains the top threat to ATMs worldwide, but certain regions are also seeing a rise in logical security breaches - malware - according to Chuck Somers, VP of ATM Security and Systems with Diebold, the global ATM supplier.
Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.
Skimming remains the top threat to ATMs worldwide, but certain regions in Europe and Latin America are also seeing a rise in logical security breaches. Bottom line: ATMs are under attack.
Speculation about the pending update to online authentication guidance has been circulating around water coolers for months now. "A [disclosure] like this could make it more challenging for the regulators," says attorney David Navetta.
"It's interesting to see regulators putting the onus on the financial companies for fraud that occurs after the theft has already happened," says David Navetta, co-chairman of the American Bar Association's Information Security Committee.
A preliminary draft of new authentication guidance puts greater responsibility on financial institutions, and the ACH/wire fraud case between Experi-Metal Inc. and Comerica Bank marks the first major corporate account takeover incident to hit a courtroom.
Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.
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