DigitalIDNews | Financial service center planning cyber attack simulation

Wednesday, January 6, 2010

A nationwide cyber attack simulation exercise, planned by the Financial Services Sharing and Analysis Center, testing the security functions of online payments processes is scheduled to take place Feb. 9 -11.

The center, responsible for sharing information on cyber threats and risks with financial institutions and businesses, wants to raise awareness on cyber payment attacks in hopes of further educating businesses on response and recovery methods in the future.

The exercise will have participants activate their own internal response procedures based on the scenario received. Afterwards their response will be evaluated by the center and recommendations for areas to improve and lessons to be learned will be shared with participants.

Planning and promotion of this exercise has already gained national support from dozens of financial institutions and businesses.

PhoneFactor boosts client roster with four new banks

PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.

PSU hit again, exposing over 15,000 students information

Penn State University has yet again been victimized with another data breach situation resulting in the possible compromise of 15,800 student’s personal information, according to eSecurity Planet.

Smart cards serve as keys to the Internet

In case of a massive cyber attack individuals around the world could be called upon to restart the Internet, according to BBC and Popular Science reports.

Ceelox completes online authentication prototype

Ceelox has announced that it has finished development of a prototype application that would use Ceelox’s fingerprint biometrics to enable biometric authentication in online environments such as corporate intranets, cloud computing networks and commercial applications like online banking and other personal account-based access.

UTA security breach exposes 30,000 medical files

The University of Texas at Arlington was recently victimized by an outside computer attack, which resulted in unauthorized access to medical files belonging to nearly 30,000 faculty, staff and students, according to a local news report.

Contactless payment on the rise in Canada

The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

Subscribe

Print Magazine

Featured Events

Links

Searching …

Financial service center planning cyber attack simulation