Happy Black Friday! ‘Tis the season to be wary, tra-la-la-la-la-la-la-la. “It’s a wonderful season for hackers,” says Alex Vaystikh, CTO at SecBI, an Israel-based cybersecurity firm which raised $5 million this fall to expand its footprint in the U.S. and Europe. Every year the cybersecurity challenge grows more complex asRead More
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The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against aRead More
Hold on, don’t open that email. Hackers have known for years that bank employees are the best way to gain access to bank’s system. All a bad guy has to do is send an inviting email and trick the employee into opening it. A nefarious new approach has come to theRead More
Apple isn’t the only company to suffer a security breach in the last few days. You may have noticed some garbled posts employing broken English and offering for sale Louis Vuitton handbags and Christian Louboutin shoes on our site earlier today. Those posts were not from Bank Innovation.
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.
Imagine your body being targeted by 75 million viruses. That is exactly what’s happening to your digital devices and mobile devices are being targeted like never before. Mobile smartphone and tablets are being targeted in record numbers. Android has become the most popular platform for new malware, and in McAfee’sRead 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