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Financial Security News
Financial institutions should conduct social engineering exercises to test the security awareness of their employees, writes...
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Financial Security Tips
In this slow economy, few financial institutions are willing to take risks. Consequently, the primary moneymaker for banks -- lending -- has slowed. Institutions have two choices to boost their... More... Dec 10, 2010
for managers and supervisors to visually identify fraudulent activity when it occurs; subtle keystrokes can set into motion a fraudulent acquisition of a financial institution's assets. Although there are software programs that monitor and analyze transaction data to identify those patterns of electronic activity...
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Nov 19, 2010
Financial institutions everywhere are facing a huge challenge in managing the security of their customers' assets from increasingly sophisticated fraud attacks. The online banking channel in particular has been targeted by fraudsters... More... Nov 1, 2010
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Network Security Articles
Massive Epsilon email breach could lead to email attacks, spam
handles customer email messaging for 150 major banks, retailers and other firms could lead to unwanted spam and phishing attacks, according to security experts.
Irving, Texas-based Epsilon Data Management LLC handles customer email for a number of big-name banks and retailers including Best Buy, JPMorgan Chase, CitiGroup, LL Bean... More... Apr 5, 2011
RSA SecurID breach began with spear phishing attack
remote command-and-control server and navigate through RSA's sensitive systems. Once in, the attackers shoulder surfed on the victims, mapped the network and the resources, and started looking for a path to the coveted assets they desired, Rivner said.
"The attackers first harvested access credentials from the compromised users... More... Apr 4, 2011
EMC to acquire NetWitness in wake of RSA cyberattack
to the investigation of the attack.
In a letter posted online, NetWitness Corp. CEO Amit Yoran announced that EMC acquired the Virginia-based network security monitoring company. Terms were not announced; a press release this morning said the deal closed on Friday. "The intensity and sophistication of advanced adversaries and zero-day... More... Apr 4, 2011
Financial Security Podcasts
Fraud Prevention Information
Out-of-band authentication boosts security but isn't failsafe
account in the U.S., making it virtually impossible to get it back. Yet Briscoe knew customers still expected banks to protect their money, despite the difficulties.
"The fraud wasn't due to anything on the banks' end. It was usually the customer's computer that was infected and their passwords stolen. But once the money is gone, it's gone, and you don't want a customer who's had a million dollars sent out of the... More... Dec 20, 2010
Insider fraud detection and prevention
Pratt is consultant to the financial services industry on fraud management and is co-founder of www.FraudAvengers.org, a consumer-focused weblog on personal payments fraud prevention. Financial institutions need to monitor and recognize changes in employee behavior in order to detect potential insider fraud...
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Nov 19, 2010
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