U.S. providers should be “on alert” for an increase in payments fraud experts warn. The European Union’s (EU’s) new Payment Services Directive (PSD2) raises the bar for security and may cause cybercriminals to focus on targets in this country.
Tag: online banking
How common are crippling denial of service attacks aimed at Western banks? Here’s one sign: Wednesday is unofficially “DDoS day” at Citi, according to a Senior Vice President for Information Security at the financial services powerhouse. Speaking on Wednesday at an event hosted by Perdue University, Mamani Older told an audience at CERIAS 2013 that massive distributed denial of service – or DDoS – attacks have become “business as usual” for Citi, and that those launching the attacks have fallen into a predictable schedule of attacks. Hump day, she said, is Citi’s turn to fend off a torrent of Internet traffic designed to interrupt the bank’s operations and sever its connections to its customers, she said. “We should be getting hit right now,” she said. Older was speaking on a panel on the topic of “security metrics” and “security analysis.” The panel was part of CERIAS 13, an annual information security symposium […]