Posts Tagged ‘banks’
IN THE HEADLINES: New Report Finds Banks Still Failing on Security
Posted by: Neal OFarrell in: ● December 22, 2011
A new report by research firm Javelin Strategy and Research finds that most financial institutions still get a failing grade when it comes to keeping up with the security threats. This is now the seventh year that Javelin has published its report, comparing the security stance of the top 25 banks in America to a [...]
IN THE HEADLINES: Banking Trojans Continue Their March
Posted by: Neal OFarrell in: ● November 22, 2011
There seems to be no end to the damage that can be inflicted by banking Trojans, a very dangerous type of malware highly favored by all kinds of crooks because of the ease with which they can infect computers, empty bank accounts, and enrich the crooks. Some of whom may be on the other side [...]
IN THE HEADLINES: The Rising Threat of Mobile Insecurity
Posted by: Neal OFarrell in: ● September 23, 2011
I was just reading a very interesting article in CUInfoSecurity.com (the CU stands for credit union) about how the surge in use of smartphones is creating a new wave of attacks, exploits, and money-making opportunities for hackers and thieves. It’s a pretty long and detailed article, so I just selected some of the most interesting [...]
IN THE HEADLINES: Small Businesses on the Hook for Cyber Losses
Posted by: Neal OFarrell in: ● June 23, 2011
A recent legal decision could spell big trouble for small businesses that fall victim to one of the most dangerous types of cybercrime to emerge in recent years. A judge in Maine recently sided with a bank sued by a small business owner who had lost nearly half a million dollars to one of the [...]
IN THE HEADLINES: A Flash Mob of Identity Theft
Posted by: Neal OFarrell in: ● November 16, 2010
A few weeks ago I wrote about how a gang of cyber thieves managed to steal nearly $10 million in a coordinated attack by dozens of accomplices and money “mules,” on 2,300 ATMs around the world. The military-style attack involved gang members working together in more than 200 cities, and they managed to pull off [...]
A Real Life Grabber: New Trojan, New Concerns
Posted by: Neal OFarrell in: ● November 15, 2010
I’ve predicted for a while that because the more recent generation of malware – and especially Trojans – has been so effective, we’re going to see lots more of the same. And better, more sophisticated ones. And I was right. Again. One thing I’ve learned over the years is that if an attack, scam or [...]
The Price of Convenience
Posted by: Anne Madrid in: ● October 4, 2010
I realize I am dating myself, but when I started banking, as a teen, Automatic Teller Machines (a/k/a “ATMs”) were the latest and greatest, high tech banking contraption. Using an ATM card was far more convenient than writing a check to “Cash”, as long as you kept the receipt and remembered to record the withdrawal [...]
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