cyber security

October 19, 2017

Data Breaches Cost Firms $1.3 Million in 2017

Cyber attacks cost large North American businesses an average of $1.3 million in 2017, according to a new report from security vendor Kaspersky Lab and market research firm […]
March 7, 2017

New “Invisible” Cyber Threat for Banks

Malicious software, the type criminals use to steal online banking login credentials from customer or employee desktops, has been getting more stealthy and effective over time, […]
April 21, 2016

Banks, Credit Unions Victims of $4M Cybertheft

Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, according to IBM. […]
April 19, 2016

Lenders Need to Prepare for Cyber Attacks

The sudden ordinariness of corporate data breaches has led to feelings of helplessness inside the financial industry.  That sense of despair is apt to be particularly […]
April 6, 2016

Can Banks Become Unphishable?

In a warning issued this week, the FBI said it’s seen a 270% increase in identified victims and exposed losses due to business email compromise since […]
March 15, 2016

What Banks Can Learn From the IRS Data Breach

The IRS recently acknowledged that the number of taxpayers whose information has been stolen by hackers through its systems is 724,000 – more than double the […]
December 21, 2015

Underwriting and Cyber Risk On the Rise

Credit risk, interest rate risk and cybersecurity concerns pose growing risks, according to a semiannual risk report issued the Office of the Comptroller of the Currency.  […]
December 17, 2015

EMV: The Chip Matters

There have been numerous articles recently written on whether cards with newer EMV chip technology should be paired with a signature or PIN.  The articles always […]
December 9, 2015

Banks Beware: Cyber Fraud Abounds this Holiday Season

As shopping gets more digital, so does fraud. The rise in technology at shoppers’ fingertips provides many new channels for scammers to exploit.  Here are 6 […]