cybersecurity

PODCAST: Consumers Lack Awareness of How Much Personally Identifiable Information Is Exposed

Recently, First Data produced a cybersecurity study that took a look at personally identifiable information. Can you give us a brief overview of this study or survey and what was its main focus? EJ Jackson – Head of Security and Fraud Solutions at First Data

Read More

Biggest Phish in the Sea? These Banks Are Growing Targets

Phishing is the one cybersecurity issue that never seems to go away. Despite the repeated warnings and efforts at raising customer awareness, cyberthieves continue to trick users with fake emails resembling legitimate ones, intended to direct them to a link where thieves can steal their credentials.

Read More

The Digital Payment Crime Threat Portends a Fintech/Regtech Alliance

Digital payments remain vulnerable to abuse by financial criminals seeking to make fast payments and undetected payments through the financial system. There are multiple ways in which digital payments can be used by those laundering money, committing fraud, or financing terrorism.

Read More

Mobile Payments Users Beware: Large Banks Coming Under Cyberattack

Its about the last thing you want to hear if you’re a mobile payments user with a big bank. Or if you just have accounts with one. New reports, however, have said it nonetheless: large US banks have seen marked increases in hacking attempts and other similar cyberattacks over the last few weeks.

Read More

Big Banks See Uptick in Cyberattack Attempts

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks.

Read More

Credential Stuffing Attacks Cause Heartache for the Financial Sector

The financial industry has always been a target for cyberattackers. Credit card data, customer information, and the wealth of corporate data available for the taking has ensured that cybercriminals will try, again and again, to compromise companies in the sector. In August, cyberattackers made off with 13.

Read More

Financial Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited Standards Committee X9 Inc., an […]

Read More

Cybercriminals Harass FIs 81M Times in 2018 So Far

A new report has revealed that financial institutions (FIs) were hit with 81 million cybercrime attacks in the first half of 2018, with 27 million of those breaches targeting the mobile channel.

Read More

How Worried Should Banks Be About the FBI’s ATM Attack Warning?

People who work in information security departments are confronted with security alerts every day; at large banks they get hundreds of thousands a day. Choosing which to act on and which to leave alone is never easy. The FBI sent a confidential alert to banks late last week, warning that a rash of ATM theft […]

Read More

FBI Warns Banks on Potential ATM Hacking Scheme

The FBI is warning financial institutions that their ATMs could be targeted in a hacking attempt. The threat was reported Sunday by Krebs On Security, a popular cybersecurity blog run by the journalist Brian Krebs.

Read More

Banks and Retailers Are Tracking How You Type, Swipe and Tap

When you’re browsing a website and the mouse cursor disappears, it might be a computer glitch – or it might be a deliberate test to find out who you are. The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features.

Read More

FBI Warns Banks of ‘Unlimited’ ATM Cashout Blitz

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an ATM cash-out, in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just […]

Read More