Banking

  • A vicious cybercycle: Hackers attack, banks react, hackers strike back

    BANKING STRATEGIES In banking’s cash-and-coin-only days, robbers walked up to tellers, pulled out a gun and said “stick ’em up.” These days, thieves can just walk up to an ATM, unarmed, and perform a digital variation you could call “stick ’em out.” Case in point: In April, a man walked up to a Russian bank…

  • The quest to secure payments security

    BANKING STRATEGIES When Darouny Bounsengsa bought her mobile phone at 17, she wasted little time diving into the digital payments world. “I use it primarily for checking my balance at a moment’s notice, but I have used it to deposit checks, locate branches and ATMS, and transfer funds between my accounts,” says the 21-year-old theater…

  • From hacks and attacks to guarding your back: Eight actions security-savvy banks need to take

    BANKING STRATEGIES An employee in the human resources department received an email that looked like it was from the boss and opened the attached word file. Only it wasn’t from the boss. And the attachment was what cybersecurity experts call malware, a virus that in this case gave the sender of the email access to…