NEWS & ANALYSIS

Morning Security Brief: Russians Invade Ukraine, Backoff Malware Threatens Retailers, U.S. Banks Hacked

The Ukrainian president is calling a U.N. Security Council meeting after Russian troops invaded Ukraine. The Secret Service and a security council have warned retailers about Backoff malware, which steals payment data. And JPMorgan and other large U.S. banks have been hacked.

Morning Security Brief: U.S. Offers Ukraine $1 Billion; ATMs Face Major Security Risk; GAO Report on Electronic Health Records

The U.S. offers $1 billion in subsidies to Ukraine and prepares sanctions against Russia; a majority of bank ATMs in the United States face major cyber risks as the Windows XP operating system loses tech support; and a GAO report says the government needs to move on plans to maintain separate but interoperable electronic health records systems.

Visa Discusses Efforts to Prevent Fraudulent Transactions

In a world where consumers regularly use mobile devices to make purchases and take advantage of online banking options, financial institutions are working harder than ever to verify cardholder identities and prevent fraudulent transactions, said Visa, Inc., Head of Risk and Authentication Products Mark Nelsen, speaking on a panel at the Visa Global Security Summit 2013 in Washington, D.C. last week.

Morning Security Brief: Wal-Mart Corruption, Anthrax Vaccines, ICN Launches New Initiatives, and More

Wal-Mart execs ignored an investigation that found widespread bribery at it sites in Mexico. Two million doses of anthrax expire to the tune of $48 million. And more.

FBI Releases Financial Crimes Report

The FBI has seen an increase in insider trading cases and an increase in involvement of organized crime groups in healthcare fraud schemes, among other trends identified in the FBI’s state of financial crime report released on Monday.

Supreme Court Rules Sarbanes-Oxley Constitutional With Minor Exception

Aside from a minor constitutional issue, the Supreme Court yesterday upheld the Sarbanes-Oxley Act of 2002.

FinCEN Details Anti-Money Laundering Trends at Large U.S. Banks

The Financial Crimes Enforcement Network (FinCEN) has released a report on how the largest U.S. depository institutions conduct their Bank Secrecy Act (BSA) and anti-money laundering (AML) programs.

Clinton: Economic Crisis Could Destabilize Governments Worldwide

The global economic crisis could cause great political upheaval across the world, Hillary Clinton told ABC News in one of her first interviews since becoming secretary of state.

SEC Failed to Act on Whistleblower's Warnings in Madoff Case

Harry Markopolos, an investment expert, repeatedly warned the Securities and Exchange Commission about concerns he had with Bernard Madoff's investments, but the SEC ignored the warnings for a decade, Markopolos told a congressional committee.

Malware Attacks Show the Connection Between Markets and Cybercrime

Malware attacks have shifted and spiked in frequency during the financial crisis.
 




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