cybersecurity

Escalating Defenses

New Jersey’s Provident Bank expands staff training and email encryption to enhance information security After the epidemic of high-profile nonbank data breaches last year, New Jersey’s Provident Bank took another look at its own security measures and considered ways to beef them up. “Data protection has always been a major tenet for the bank,” says

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Card Crush: Credit card criminals try to exploit a rushed Apple Pay rollout

Apple Inc.’s rollout of its Apple Pay mobile payments app has been fraught with expensive card payment fraud, according to news reports. The much-vaunted iPhone tap-and-pay system’s state-of-the-art tokenization payment security is working fine. But a spike in mobile payment fraud with stolen credit card numbers has reportedly occurred when a few large credit card

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Malware For Lease

A new botnet is helping cybercriminals phish for community bank customers Computer hackers typically cast their phishing nets expecting to hook megabank customers. After all, the overwhelming odds are that the most computers infected by random phishing emails or drive-by malware infections from nefarious websites will be owned customers of the largest chain banks. But

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Lessons from the Sony Breach

By now you know that hackers calling themselves “Guardians of Peace” went through Sony Pictures Entertainment like a hot knife through butter. They collected everything–high-quality copies of unreleased films, employee passwords, emails, salary numbers, movie scripts, contracts, medical records, celebrity aliases, and Brad Pitt’s phone number–and released it all to the public. There were more

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Bolted Down Tight

Five steps for sustaining rigorous network security against constant cyberattacks Hackers are using sophisticated, automated tools to cast a wider net than ever before. Even small and medium-size community banks need to continually review their security procedures. This is especially true this year, with major breaches showing that nobody is safe. Here are five best

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New Cyberattacks Aim for ATM Management Systems

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. But instead of breaking into the physical machines directly, some criminals are now aiming at the bank systems that control the machines.

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5 non-traditional hiring tips for InfoSec

There’s a dramatic shortage of qualified information security professionals in the industry today. Globally, we’re a million people short, according to Cisco’s 2014 Annual Security Report. According to Ponemon’s 2014 IT Security Jobs Report, 36 percent of staff positions and 58 percent of senior staff positions in IT security went unfilled in 2013. The majority

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The Real Risks of Virtual Reality

This summer, Facebook finalized its $2 billion purchase of Oculus VR, a virtual reality headset maker. The purchase promises to usher in a new era for virtual reality-more immersive, lower cost and simply more usable than ever before. In fact, even though the Oculus Rift and similar devices have not hit the market yet, companies

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Back to Basics: IT security routines that won’t break the budget

Just because your community bank isn’t one of the giants of the financial industry doesn’t mean it’s off the target list of today’s proliferating cybercriminals. But that doesn’t mean that community banks with limited resources have to go out and start spending large sums of money on IT and data security, experts agree. “Focus on

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Multifactor Momentum

Multifactor authentication, the process of using more than one method or system to confirm the identities of consumers online, has been around for years. But recent regulatory guidelines, increasing criminal activity, lower costs and growing consumer acceptance have combined to bring the technology into the process for community banks more than ever before. “The fact

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