Banking institutions have spent the last two years enhancing authentication to conform to regulatory mandates. Organizations in other sectors can learn important authentication lessons from the banking industry.
Two new insider fraud cases showcase the challenges organizations face to detect and prevent crimes by trusted employees. "You need IT controls, but you need more than IT," says researcher Randy Trzeciak.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
If we're at war, the fight so far is unbalanced, and the U.S. should be grateful its cyberspace adversary is Iran. "We're probably not very prepared for a virtual conflict against a really competent state, such as Russia or China," says Rand Corp.'s Martin Libicki.
Many organizations are weighing whether cyber-insurance is a worthwhile investment. A decision on the type of policy to buy, and what it should cover, depends, in part, on the type of information that could be exposed.
The growing threat landscape exacerbates the IT security skills shortage, meaning many organizations struggle with inadequate and sometimes unqualified staff. How are security leaders addressing the crisis?
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.