A brazen global cabal of thieves stole $45 million in hours from ATMs around the globe -- in a crime that sent shockwaves around the banking and security communities. One prosecutor in New York called it "a massive 21st century bank heist."
Well, we have a new wrinkle in the build vs. buy debate. If you build your own trading gear, you don't have to worry about your vendors spying on you.
A hacker collective called Group Anonymous recently announced plans for a major cyberattack targeting major banks and government agencies.
The globally coordinated attack on ATMs was breathtaking in its scope and sophistication. It merited front-page headlines around the world. But traditional methods of cybertheft are still alive and well.
As the GRC mandate spread throughout enterprises, many pondered the exact role of the CFO, the General Counsel, the Chief Risk Officer and the Chief Security Officer, not to mention the Chief Compliance Officer, all in relation to the board of directors and the CEO.
Compliance Week offers an interesting metaphor for GRC processes set up to grapple with AML concerns: "Who knew that the art of anti-money laundering (AML) compliance had so much in common with the science of spotting fake paintings?"
It usually happens late on a Friday when IT staffs are heading home for the weekend. Fearless teams of hackers bombard a bank's networks and as the nerds scramble to stop the DDoS attack, the hackers steal customer passwords and create counterfeit debit cards.
Several states are moving to ban companies from looking at the social media activity of their employees.
The cyberthreat landscape has gotten very complex in recent years, giving rise to lots of anger and fear on the part of targets, but also to an extraordinary amount of innovation in the security industry.
A new report from Symantec has confirmed what many small business executives already know: Their companies are often the most vulnerable to cybercrime.