For more than a decade criminals have been attacking online banking successfully by one upping security professionals their and clients by creating viruses to bypass existing security measures.
In response security companies offer new technologies to fight new threats and federal regulators have continually updated their compliance rules in response to existing vulnerabilities.
When criminals target an organization like a bank they start by looking for vulnerabilities in the network infrastructure. Beyond that they target the employees of a bank and their customers using the information provided on the corporate site, and via social media.
Once they gather enough information about their target they use that data to circumvent all the security technologies meant to prevent a user from downloading a virus or social engineering tricks like clicking an infected link and alert us to a phish email.
This is where banks need to step it up and incorporate complex device identification. iovation, an Oregon-based security firm, goes a step further offering Device Reputation, which builds on complex device identification with real-time risk assessments, the history of fraud on groups of devices, and their relationships with other devices and accounts which exposes fraudsters working together to steal from online businesses.
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.
- Social Media Security Risks for Small Business
For more than a decade, cyber criminals have launched countless attacks on banks’ online infrastructure, successfully one-upping security professionals and their clients by creating viruses that bypass existing security measures. In response, computer security companies have continuously updated their technologies to address new cyber threats. However, one major variable that technology cannot control is the human element.
- What is malware and why should I be concerned?
“Malware” is a shortened version of the words malicious software. It is defined as: a generic term used to describe any type of software or code specifically designed to exploit a computer/mobile device or the data it contains, without consent. Most malware is designed to have some financial gain for the cybercriminal. Whether they are seeking
- What is scareware?
When it comes to making us fall for their scams, cybercriminals have a number of tricks up their sleeves. One of these tricks is to scare us into thinking that our computers or smartphones have become infected with malware to get us to purchase a fake application. The programs and unethical advertising practices hackers use to frighten
- 5 Signs You Are About to be Scammed
Smart people are scammed every day because they think it can’t happen to them or they just aren’t aware of the scams. And the scammers have gotten very good at disguising their scams, so it’s often hard to recognize them. Scamming generally involves a form of social engineering. Social engineering is the act of manipulating people
- How Phishing is Like a Home Invasion
Phishing of course is when you receive a fraud based email designed to trick you into clicking links and entering your personal information. In some cases when clicking those links you may download a virus. Their intention is to bypass your computers security. Phishing is emerging as sophisticated due to ways in which the phish emails