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New cyber attack targeting small to medium-sized financial institutions
The FBI, in association with the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Internet Crime Complaint Center (IC3), recently issued a fraud alert warning that criminals are using a multi-vector attack to compromise financial institution networks and initiate fraudulent wire transfers. The first thing that struck me about this attack is that…
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The current single biggest security threat to financial institutions – UPDATE
(UPDATE – Hord Tipton, executive director of (ISC)2, posted recently on the biggest data breaches of the past year. His analysis confirms that ” …humans are still at the heart of great security successes – and, unfortunately, great security breaches…The lesson we learn from this year’s breaches is that most of them were avoidable –…