Google today relaunched its Google Ideas think tank as Jigsaw, a technology incubator, and the new venture has several projects aimed squarely at some of banking’s thorniest issues. Officially, Jigsaw’s “mission is to use technology to tackle the toughest geopolitical challenges.” But several of those “challenges” confound financial services. For example, ProjectRead More
Post Tagged with: "ddos"
A major cyberattack thought to have originated in Russia hit JPMorgan Chase and at least four other banks, apparently in mid-August. The attack, according to a U.S. official, was not a mere denial of service attack that shut down the bank’s website for a few hours, but was an actual breach that gained account information and could potentially lead to funds being removed from accounts.
The cyber attacks are back (if they were ever gone) — with distributed denial of service (DDoS) attacks messing up your online banking day. The attacks are bigger and badder than ever, but banks are better at re-routing traffic and getting customers where they need to go and shunting attackRead More
In this Bank Innovation podcast, Philip Ryan and Matthew Petrillo discuss the DDoS attacks plaguing banks recently, and what it means for online and mobile banking. Get invited to Bank Innovation 2013 here.
Here’s a paradox for you: Generally, a certain portion of consumers — a whopping 68% of smartphone users, according to a September report from California-based software security company Metaforic — avoid mobile banking because of security fears. Yet, the great banking security scare that started at the end of last September, the DDoS (or distributedRead More