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Online bank fraud schemes evolve too quickly to stop, says survey by US banks

Security experts react to "2017 Faces of Fraud Survey" of US banks and financial institutions issued recently by ISMG Research & VASCO Data Security:

: John Aduma; Talking Point; Posted On Tuesday, 24 October 2017 15:48

Reflections on the accelerating pace of security software innovation

Poole: Tina Baker, Software Development Manager at Integrated security manufacturer TDSi, is celebrating 13 years of service with the company. Having reached this impressive milestone, Tina has also been reflecting on the developments and evolution of the security software industry and where it could lead in the future.

: SIMON HEWITT; Industry News; Posted On Tuesday, 24 October 2017 15:37

RETENTIONS ‘MUST BE HELD IN TRUST’, SAY ECA AND BESA

Trade bodies respond to announcement of government retentions consultation

Any cash held as retentions by construction clients and major contractors ‘must be held in trust at the nearest opportunity’, the BESA and ECA have advised the government. This proposed ‘Australian-style’ system would mean cash being held cyclically, in a similar manner to deposits in the private housing rental market.

: THE EDITORIAL TEAM; Industry News; Posted On Tuesday, 24 October 2017 15:30

COMMENT: DHS issues CERT alert to critical infrastructure orgs - warns of heightened attack risk by "Dragonfly APT" group

The US Dept. of Homeland Security's Computer Emergency Readiness Team (CERT) issued the Alert (TA17-293A) Advanced Persistent Threat Activity Targeting Energy and Other Critical Infrastructure Sectors on Friday 10/20/17, warning CNI firms (esp. nuclear power and other energy providers, water, aviation, and critical manufacturing sectors) that they are at increased risk of "highly targeted" staged attacks by the Dragonfly APT group, which may attempt to gain operational control for data exfiltration. Two senior Virsec Systems experts offer perspective on the threat and CERT response: