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Cybersecurity - Page 2

Cybersecurity Threats: Your New No. 1 Risk

By Robert Mendez

As a board member or a member of the bank’s executive team, understanding the levels of risk you’re accepting for your bank, your customers and for yourself is essential. CEOs and executives of non-banking firms, such as Target, have lost their jobs because they didn’t understand the cybersecurity risks their businesses were accepting. Bankers have additional concerns about financial risks and the penalties regulators may assess if cybersecurity risks are not being effectively managed by the board.

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FDIC Publishes a Bank Customer’s Guide to Cybersecurity

March 9 – Consumers increasingly rely on computers and the Internet for everything from shopping and communicating to banking and bill paying. While the benefits of faster and more convenient “cyber” services are clear, the strategies for preventing online fraud and theft may not be as well-known by many bank customers. That is why the FDIC has produced a special edition of the agency’s quarterly FDIC Consumer News (Winter 2016) entitled “A Bank Customer’s Guide to Cybersecurity.”

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CyberSecurity Experts Warn of Acecard Malware Targeting Android Banking Apps

Feb. 22 – The Kaspersky Lab Anti-malware Research Team has detected a dangerous Android banking Trojans capable of attacking users of nearly 50 different online financial applications and services. The Acecard malware is able to bypass Google Play store security measures.

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Cybersecurity Experts Warn of Dridex Trojan Targeting Banking Customers

February 16 – Built to harvest the banking credentials of victims, the virulent Dridex Trojan is now one of the most dangerous pieces of financial malware in circulation, spread by massive spam campaigns that can overwhelm organizations hit by them. (more…)

Support Voiced for President’s Cybersecurity Initiative

February 12 – Several trade groups applauded President Barack Obama’s announcement of a Cybersecurity National Action Plan. (more…)

Free Cybersecurity Webinar

Mitigating Password Risk to Reduce Your Chances of a Data Breach

FEBRUARY 18, 2016 — 2 p.m. Eastern 1 p.m. Central 11 a.m. Pacific

CLICK HERE to register.

Passwords are the primary method of accessing financial networks and applications. They are also the primary way hackers gain unauthorized access to an organization’s data and systems.

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ABA: Banks Thwarted 85 Percent of Fraud Attempts in 2014

February 1 – The nation’s banks stopped more than $8 out of every $10 of attempted deposit account fraud in 2014, according to the 2015 American Bankers Association Deposit Account Fraud Survey Report. While attempted fraud against bank deposit accounts reached $13 billion, banks’ prevention measures stopped $11 billion in fraudulent transactions. Fraud against bank deposit accounts cost the industry $1.9 billion in losses an increase from $1.7 billion in 2012. (more…)

CyberArk Webinar: Privileged Accounts Are the Common Thread in the World’s Most Damaging Cyber Attacks

January 27 – CyberArk, the company that protects organizations from cyber attacks that have made their way inside the network perimeter, has announced details of its upcoming global webinar, “What You Should Know About the Common Thread in the World’s Best Known Cyber Attacks…Privileged Accounts,” featuring guest speakers from IDC.

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80 Percent Increase in Fraud Attacks Detected and Stopped Year-over-Year

January 26 – ThreatMetrix®, The Digital Identity Company™, has released its “ThreatMetrix® Cybercrime Report: Q4 2015.” From October through December 2015, The ThreatMetrix Digital Identity Network (The Network) detected and stopped more than 300 million cybercrime attacks in real time.

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Tips for Halting Holiday Hackers

By Gary S. Miliefsky

October was National Cyber Security Awareness month and during that time, millions of online identities were stolen in America with more than 200 published breaches. (more…)

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