The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
How will federal banking regulators respond to growing criticism of the FFIEC's Cybersecurity Assessment Tool? A new FDIC publication leads some experts to believe no new guidance is forthcoming. Here's why.
BankInfoSecurity announces its fourth annual list of top influencers, recognizing leaders who are playing significant roles in shaping the way banking institutions and financial services companies approach information security.
While several experts say two new cyberthreat alerts from the FFIEC are primarily designed to make sure that smaller institutions are mitigating ongoing threats, Shirley Inscoe of Aite says they could also be an indicator of new threats on the horizon.
The FFIEC says it's taking several additional steps, including updating and supplementing its Information Technology Examination Handbook, to help banking institutions enhance their cybersecurity risk preparedness. Find out the details.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.
The FFIEC just issued new guidelines on DDoS risks to U.S. banking institutions. What is the substance of these guidelines, and how must banks and credit unions respond? Rodney Joffe of Neustar offers advice.
A DDoS attack against Ellie Mae, which provides technologies to mortgage originators, comes just as banking regulators issue a reminder about the risks associated with such attacks. Experts offer risk mitigation insights.
Banking institutions should be evaluating zero-day vulnerability risks posed by Microsoft's dropping of support next month for Windows XP. But experts say their biggest concern should be how those vulnerabilities will affect customers and vendors.