Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Having the right log and access management tools in place - and not all tools are used by all agencies at all times - doesn't mean that the proper authorities are alerted in a timely manner to activities that could jeopardize the nation's security.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
Regulations initially cause organizations to spend more funds on data breaches, but eventually those rules could save enterprises money, the Ponemon Institute's Larry Ponemon says in analyzing his latest study on breach costs.
Collecting massive amounts of data on individuals, whether in the government or private sector, has become the norm in our society. It's not quite Orwellian, but it's a situation we might have to learn to live with.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.