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An Australian company has launched a "virtual safety deposit vault" and security service aimed at protecting travellers from identity theft and fraud.
VeriSign today announced strong growth for its VIP identity protection service, including the imminent launch of DocLocker, an online document storage system. Identity theft has become a multi-billion dollar issue that continues to accelerate, and protecting against it has become a multi-million dollar business, says Deloitte's Mark Steinhoff. Software mashups will increasingly be used to develop commercial products, but securing the transactions will require new ways of identifying and managing the risks. As long as there has been credit granting there have been customers committing first party fraud. Researchers have discovered malware which holds mobile phone data to ransom.. Victims of phishing scams in the United States lost US$3.2 billion during a 12-month period ending in August, and the number of people on the receiving end of phishing emails has more than doubled over the past three years, according to a report from Gartner. Want a new job? The FBI has some words of warning for you. A United States federal government agency didn’t need to point out the weaknesses of username and password authentication to E*Trade Financial’s CIO Greg Framke. He already knew that such an antiquated method for validating online banking customers falls short in today’s era of keyloggers and phishing scams. Indiana's attorney general is warning state residents about a phishing attack in which an email claiming to be from Chase Bank offers customers $20 to complete an online survey and provide personal information. The Federal Deposit Insurance Corporation (FDIC) has issued guidance to financial institutions about the risks associated with spyware and ways they can protect themselves. Predictions, like fog, are hard to get your arms around, but here is one that will prove more than just a mere exercise in prophesizing: The next wave of security threats will be targeted attacks aimed at specific organizations or individuals within enterprises. The Federal Deposit Insurance Corporation (FDIC) still needs to shore up its sensitive computer systems, despite making significant improvements to its infosec efforts, according to a report by the Government Accountability Office. Chrisan Herrod, the first CSO at the Securities & Exchange Commission, took a battering from the recent GAO report. Here she gives us her side of the story. By John Sterlicchi, with additional reporting by Marcia Savage Spyware now accounts for up to eight percent of outbound web traffic, according to a report. Security companies have tracked a new type of internet attack that encrypts files on a user's machine and then demands payment for a decoder tool. Federal agencies need to do more when it comes to ensuring the security of contractors providing IT services and systems, according a report by the Government Accountability Office. Richard E. Mackey Jr and Jonathan G. Gossels explain why they are not convinced by the FDIC’s recent report on two-factor authentication The Federal Reserve Board has issued guidance that calls on financial institutions to notify customers of security breaches involving their sensitive data.