Attackers are increasingly targeting mobile channels, driving banks to seek better ways of verifying the authenticity and integrity of not just users, but also mobile devices and transactions, says John Gunn of cybersecurity technology firm Vasco Data Security.
Leading the latest version of the ISMG Security Report: a look at how various sectors are moving away from checkbox compliance, instead taking proactive measures to secure their information assets. Also, big increase in e-commerce fraud and Yahoo's costly breach.
Financial fraud has changed fundamentally in recent years. And because of that evolution, anti-fraud defenses need to morph from point solutions into an integrated, enterprise approach, says IBM's Paul Clandillon.
Emerging insider threats have quickly proven that the proverbial "walled garden" is not so walled after all, and without true end-to-end encryption, insiders and outsiders can compromise sensitive data, says Dr. Phillip Hallam-Baker of Comodo Group.
Through a technique known as "retrospection," organizations can replay attacks, going back to scan their networks for malware identified after their networks were infected, says Ramon Peypoch of Protectwise.
Organizations are increasingly turning to user behavioral analytics to help more quickly detect new attacks - emanating from inside or outside the enterprise - as well as mitigate those threats, says CA's Mark McGovern.
As more IoT devices are compromised to wage large-scale attacks, related litigation and regulatory scrutiny will grow, which means device manufacturers - and users - could be held more accountable, says Richard Henderson, global security strategist at Absolute.
Increasing regulatory oversight is overwhelming smaller banks and credit unions, pushing them to continue to focus more on compliance than overall cybersecurity and resilience, says Sean Feeney, CEO of Defense Storm.
Staying current in threat detection is key, which is why more security companies need to embrace a more open way of thinking when it comes to solutions integration, says Christopher Kruegel, CEO of Lastline.
Because most malware is spread via phishing, experts at Webroot are focusing their attention on stopping phishing attacks before they have a chance to infect a system with malicious code, says David Dufour, the company's senior director of engineering and cybersecurity.
Risk analysis is at the core of most card fraud prevention platforms used today, says Carol Alexander of CA Technologies. But what if the industry could take the lessons it's learned to other channels, enabling banking institutions to more readily identify potentially fraudulent transactions before they happen?
Threat intel feeds are one thing; actionable threat intelligence is quite another. Bryn Norton and Tom Major of Level 3 Communications discuss the unique value of the relevant data they analyze in-house and provide to clients.
The honeymoon period for smaller players in cybersecurity is nearing an end, predicts Trend Micro CTO Raimund Genes. Achieving profitability has proven to be challenging for startups, while more established companies are thriving, he contends.