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Attack Highlights Third-Party Risks

Hack of Online Billing Provider May Have Exposed 500,000 Cards
The hack of online billing provider WHMCS may have exposed 500,000 payment cards. Experts say the incident highlights the persistent risks third parties pose in cardholder data security.

What Are the Hidden Costs of Fraud?

Hard to Put a Price on Reputation Loss, Productivity
One measure of an incident's impact is dollars lost of fraud. But the "soft" costs - loss of reputation and productivity - are the ones that most get the attention of Terry Austin of Guardian Analytics.

Insider Case Exposes Security Lapses

Bank Manager Pleads Guilty to Theft
A former PNC Bank manager has pleaded guilty to bank theft - a charge that could lead to 10 years in prison and a $250,000 fine. What common security flaws allow such insider schemes to flourish?

Obama Unveils Mobile Tech Strategy

'Digital Government' Initiative Highlights Privacy Controls
The Obama Administration has unveiled a "digital government" strategy that requires federal agencies to launch new mobile applications. The strategy calls for standardized implementation of privacy controls.

NCUA: Wausau Postal Employees CU, Wausau, Wis., Liquidated

The Wisconsin Office of Credit Unions liquidated Wausau Postal Employees Credit Union of Wausau, Wis., and appointed the National Credit Union Administration as liquidating agent.

FinCEN Issues SAR Activity Review Issue 17

The Financial Crimes Enforcement Network has released issue 17 of its SAR Activity Review - By the Numbers report.

NCUA: Interest Rate Risk Policy and Program Requirements

The National Credit Union Administration has issued a letter to credit unions to answer frequently asked questions about NCUA's Interest Rate Risk Rule, which becomes effective Sept. 30, 2012.

FDIC: Security Bank, N.A., North Lauderdale, Fla., Closes

Security Bank, N.A., North Lauderdale, Fla., was closed by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corp. as receiver.

Mobile Banking: Trends, Threats and Fraud Prevention Techniques

Over half of US adults already have smartphones, and Forrester Research predicts that by 2015 one in five US adults will be using mobile banking. If a financial institution doesn't offer the desired mobile services, it runs the risk of losing clients. But with such growth, we all know that the fraudsters won't be far behind. So, how will account holders be using their mobile devices, how does that increase fraud threats, and how do financial institutions mitigate the resulting risk?

This webinar will answer these and many more questions about what will surely be the year's hot financial services topic. Learn about:

The state of smartphone ownership and mobile banking adoption and functionality
Usage patterns and behaviors that make smartphones particularly attractive to cyber criminals
Fraud threats that have already been spotted in the wild and how they take advantage of unique smartphone characteristics
Behavior-based techniques that some financial institutions are already using to detect mobile banking fraud attacks without disrupting legitimate activity
Anomaly detection solutions that prevent fraud and also conform to the FFIEC Guidance

Synovus Bank Eliminates Cybercrime - A Case Study

Synovus Bank, one of the largest community banks in the southeast, offers Online Cash Management services to its commercial clients with a simple pledge: "The freedom to manage your cash position anytime, anywhere." After witnessing relentless cyber-attacks on the endpoints of end users, Synovus Bank knew that meeting this pledge required them to take action. The bank's Product Development team carefully selected an endpoint security solution that met their requirements:

Satisfying FFIEC Guidelines
Low customer impact/Ease of installation
Proven effective, quick to implement and easy to manage
Complement the bank's two tier security architecture

Hear how Synovus Bank proactively prevents fraud. Kevin Gibson, Director of Product Development at Synovus Bank, explains the challenges they faced, why Trusteer Rapport was the right fit, and its ease-of-deployment. He also discusses how Trusteer's layered security helps them protect against cybercrime, as well as Trusteer's role in enabling compliance with the latest FFIEC guidance. Trusteer's Director of Product Marketing, Oren Kedem will describe Trusteer's Cybercrime Prevention Architecture and how it stops online banking fraud.

2012 Cloud Security Agenda: Expert Insights on Security and Privacy in the Cloud

What are organizations' top cloud security concerns, and how are security leaders addressing these concerns through policy, technology and improved vendor management?

This is the key question posed by the 2012 Cloud Security Survey.

No longer just an emerging technology practice, cloud computing today is embraced globally as a means of gaining efficient access to critical applications, processes and storage. It's now common for organizations to rely on cloud service providers for functions and business applications such as customer relationship management, messaging or storage via a public, private or hybrid cloud. Further, industry-specific cloud-based applications such as electronic health records or mobile banking and payment applications are emerging at an unprecedented pace.

But these engagements come with questions about risks:

What are your cloud service provider's security and privacy measures, and have they been audited?
Where geographically is cloud data being stored, and how do operational practices comply with government, industry and organizational privacy regulations?
How is a multi-tenant cloud environment managed, and in the event of system compromise - what will be the incident response escalation process?

Yes, cloud computing is about efficiencies and new technologies, but it's also about security, privacy and an organization's reputation.

The 2012 Cloud Security Survey was crafted with assistance from leading experts in cloud computing, security and privacy, with a mission to:

Chart the latest cloud trends, including types of cloud implementations most common by industry and region;
Gauge organizations' top cloud security concerns, from vendor security to data governance and breach preparedness;
Predict the top areas of investment for organizations most concerned about cloud security.

This webinar will draw upon survey results and expert insight from a special roundtable panel to discuss:

Top Security Concerns - Are organizations more concerned about where their data is stored, or whether a malicious insider might be a threat to it?
Success Factors - On a scale with cost savings and availability of services, how does security now rank among elements critical to a successful cloud computing implementation?
Protective Measures - What are some of the practices organizations are employing, from instituting more stringent contracts to enforcing third-party audits and even participating in mock security exercises with cloud service providers?

Hacktivists, BotNets and More: Top Security Trends and Threats from the HP Enterprise Security 2011 Cyber Risk Report

Organizations have been under security attacks for the past decade, but the security events in 2011 have created a ripple effect that will be felt for years to come and will actually start to shift the way enterprise organizations view security. For example, 2011 saw a significant increase in activity from "hacktivist" groups Anonymous and Lulz Security (LulzSec). The motivation for these groups' organized, systematic attacks on businesses or individuals - retaliation for perceived wrongdoing - brings new visibility to a security threat that has been looming for years and highlights a new era of security risk that must be addressed. In addition, highly publicized attacks on major corporations such as Sony, RSA, and the United States Postal Service demonstrated the significant financial loss that can result from a vulnerable system.

Because unplugging the business from the Internet is not a viable security option, the question becomes: What is the best way to minimize risk to the most critical assets of the organization without interrupting or impeding business operations? Prioritization of assets and risk is essential, but so is prioritizing how and where to deploy security protection.

In the 2011 top cyber security risks report, HP Enterprise Security provides a broad view of the vulnerability threat landscape, as well as in-depth research and analysis on security attacks and trends. The aim of this report is to highlight the biggest risks that enterprise organizations face today - and to help prioritize mitigation strategies. Key findings from this report include the following:

Continued decline of new, disclosed vulnerabilities in commercial applications The report notes the decline in commercial vulnerability reporting, and it discusses the key trends in the vulnerability disclosure market that may be hiding a deeper issue. The report also highlights the growing market for private sharing of vulnerabilities, the increased expertise required to uncover complex vulnerabilities, and the price these can fetch in various markets. Data from HP Fortify will also highlight the increasing number of vulnerabilities that are being discovered in custom applications - vulnerabilities that can be devastating to the security posture of an organization.
Changes in attack motivation are increasing security risk While security attackers have always sought glory and/or financial gain from their activities, the formation of hacktivist groups, like Anonymous, has added not only a purpose behind security attacks, but a level of organization as well. This shift in motivation and subsequent organization has given rise to newer and more severe security attacks. This report will highlight the motivations of today's security attack community - and the implications for security defense techniques.
Increase in the number of attacks against a "smaller" set of known vulnerabilities Despite the shrinking number of known vulnerabilities in commercial applications, the report will use real data - pulled from the HP TippingPoint Intrusion Prevention System (IPS) and HP Fortify - to highlight an increase in severe attacks against both client/server and Web applications. The data is broken down by attacks, vulnerability category, source information, and severity to provide a snapshot of the attack landscape. This section also features an actual case study of the Web application risks at one large corporation.
Improved techniques for executing security attacks While many targeted attacks leverage zero-day vulnerabilities, the average cyber criminal generally exploits existing vulnerabilities. Data from the report breaks down several techniques, including obfuscation, used to successfully exploit existing vulnerabilities. The report also includes an in-depth look at the Blackhole exploit toolkit, which uses many of the techniques highlighted.

Why Boards of Directors Don't Get It

IT risk management, cyber insurance, privacy - these are hot topics for security leaders, but not for their boards of directors. Why do senior executives still fail to see IT risks as business risks?

How to Respond to Hacktivism

Hacktivist attacks will increase, and researcher Gregory Nowak says organizations can take proactive steps to reduce exposure and protect brand reputation. Why, then, are many organizations failing?

4 Security Priorities for Banks

From mobile and the cloud to DDoS attacks and risks surrounding big data, what should banks and credit unions do now to mitigate exposure? Gartner's Anton Chuvakin offers his top recommendations.

Understanding 'Big Data'

Banks have a lot of data, but how well is it integrated? How much are institutions gleaning from the data they house? State Street Corp's chief scientist says financial services could be doing more.

Fighting Hackers With Public Relations

Understanding Hacktivists' Goals is Key to Thwarting Attacks
By understanding the motivations behind hacktivism, companies can learn why good public relations can play an important role in thwarting attacks or minimizing their impact.

Global: A Lack of Breach Transparency

Processor Promised Updates, But We've Heard Little
Global Payments has been less than forthcoming with information about its data breach. How could this lack of transparency hurt the processor, and what's the lesson for others?

The Business Case for Continuity Planning

Small, Mid-Size Enterprises Especially Need to Develop Strategy
Why do so many small and mid-sized enterprises continue to believe that business continuity planning is just for the big guys? And how do we go about convincing them otherwise? Here are some tips.

Measuring the Immeasurable: IT Security

A Year After Its Debut, Index of Cybersecurity Rises by 30 Percent
Factors driving up the index vary from month to monthly, but the clear takeaway of the survey of IT security practitioners is that they're getting more apprehensive about safeguarding IT.