Your tax dollars are being put to work in ways to secure your bank accounts and our critical infrastructure. But there’s still more work to do.
The FBI reports Early last year, hackers were discovered embedding malicious software in two million computers, opening a virtual door for criminals to rifle through users’ valuable personal and financial information. Last fall, an overseas crime ring was shut down after infecting four million computers, including half a million in the U.S. In recent months, some of the biggest companies and organizations in the U.S. have been working overtime to fend off continuous intrusion attacks aimed at their networks.
To that end, the FBI over the past year has put in place an initiative to uncover and investigate web-based intrusion attacks and develop a cadre of specially trained computer scientists able to extract hackers’ digital signatures from mountains of malicious code. Agents are cultivating cyber-oriented relationships with the technical leads at financial, business, transportation, and other critical infrastructures on their beats.
Richard McFeely, executive assistant director of the Bureau’s Criminal, Cyber, Response, and Services Branch was quoted saying “It’s important that everybody understands that if you have a computer that is outward-facing—that it’s connected to the web—that your computer is at some point going to be under attack,” he said. “You need to be aware of the threat and you need to take it seriously.”
When he says “you” he means banks, retailers, and just about everyone involved in eCommerce or anyone with a connection to the internet.
Smart businesses engaged in eCommerce are helping to stem the tide of cybercrime by incorporating device reputation into their transactions. iovation, is headquartered in Portland, Oregon, and has pioneered the use of device reputation to stop online fraud and abuse. The software-as-a service used by online businesses assesses risk of Internet transactions all over the world and recognizes if a device such as a PC, tablet or smartphone has a history of fraudulent behavior. This helps organizations make educated decisions if they want to do business with the person using the device.
Robert Siciliano, personal security and identity theft expert contributor to iovation. He is the author of 99 Things You Wish You Knew Before Your Mobile was Hacked! See him knock’em dead in this identity theft prevention video. Disclosures.
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.
- European Cybercrime Not Slowing Down
Device reputation authority iovation published a report revealing that the number of fraudulent transactions originating from Europe has risen dramatically over the past two years. From April 2011 to April 2012, iovation prevented approximately 15 million fraudulent online transactions in Europe. That’s an increase of 60% over the previous year. The rate of European fraud
- Portland Company Keeps Ringing the Bell Of Success
iovation, protects businesses from Internet fraud by identifying good online customers with its device reputation technology, recently announced that its ReputationManager 360 solution won gold in the security services category for Network Products Guide’s 8th Annual 2013 Best Products and Services Award. The award honors and recognizes the achievements and positive contributions of organizations and IT professionals worldwide. Additionally, iovation
- How Does Device Reputation Protect Me?
Device reputation spots online evildoers by examining the computer, smartphone, or tablet they are using to connect to any website. If a device is recognized as having previously committed some type of unwanted behavior, the website has the opportunity to reject the transaction, preventing damage before it occurs. In the physical world, as the saying goes,
- Front Row Seats When Internet Doomsday Hits Egypt
Most of us would have no idea Egypt had pulled the plug on the Internet unless it was splashed all over the news. However one company called iovation knew right away. Basically “just like that” the up to 1000 fraud checks they receive every hour out of Egypt dropped to zero. At first glance one would
- Banking Security Guidelines Go Into Effect in January 2012
As banking applications evolve, common attacks on banks are becoming correspondingly more sophisticated. Small businesses, municipalities, and moneyed individuals are often targeted for obvious reasons: they have hundreds of thousands of dollars, if not a few million, in the bank, but their security is often no more effective than that of an average American household. The
Leave a Comment
You must be logged in to post a comment.