Think perimeter security is enough? Think again…

Most of the data breaches you hear about these days are assessed from the server side. Take a recent incident in the financial services industry—a serious malware attack on the Polish banking sector that was tied to a campaign targeting organizations in more than 30 countries. In this case, a web application was infected with malicious code that spread from workstation to workstation. The malware was injected on the server side and then spread to clients using JavaScript embedded in the website. The truth is, this type of attack is the easiest to prevent.

The European Banking Authority warns against Man-in-the-Middle attacks

As discussed in a previous blog, the European Banking Authority (EBA) has released the final draft of its technical guidance for PSD2. Articles 4 and 25 of said guidance include mandates for the security of the customer authentication process.

One of the key elements of the authentication mandate is the requirement to use advanced security technology to safeguard all client-to-server communications against interception. In other words, to protect against MitM (Man-in-the-Middle) attacks.

How banks and PSPs can break free from fraud threats

Stealing millions of dollars in an elaborate bank heist makes for a great Hollywood movie – just throw in the hottest Hollywood stars, exotic locations, flashy cars, a computer whiz and obscure cyber jargon that’d impress any moviegoer. But in reality, bank fraud and cybercrimes are not entertaining matters, and are often poorly understood or addressed.

Fraud, outpacing the industry’s security efforts
As news of cyber attacks and large-scale fraud breaks in the media consumers can be lost in nuances of the threat/technology described, believing they would never be similarly impacted.

Hacking is only 1 threat – litigation looms large

There’s no doubt about it, cyber-attacks are increasing. A consequence of this is a rise in cybersecurity litigation. Interestingly, that litigation may not necessarily be directed against the cybercriminals. Instead, it is likely to be another threat that the breached company has to deal with.

Gaining momentum
Just as cyber-attacks are generating publicity, so too are the subsequent litigation activities. What makes them newsworthy seems to be the dollar amount.

Cyber-attacks: it’s no longer if but when

The Internet has transformed how businesses operate today. Never before has so much been done online. The dark side to this connectivity is that the threat of cybercrime is increasing and becoming more professional. It’s no longer a case of if you will fall victim to a cyber-attack but when. Are you ready?

No business is immune
It’s not just Irdeto’s cyber-services team which is witnessing a growing concern about cyber-attack threats.