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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