banking security

Days after publishing a report on serious security lapses in the PayPal mobile payments application for the iPhone, a Chicago firm has released an analysis that finds similar problems in a mobile banking applications by Bank of America and Wells Fargo.

Organized computer criminals yanked more than $200,000 out of the
online bank accounts of a Missouri dental practice this month, in yet
another attack that exposes the financial risks that small- to
mid-sized organizations face when banking online. Read the full article. [KrebsonSecurity]

Most small business owners have no clue about the threats they face or
the liability they assume when banking online, even as the frequency
and sophistication of attacks appears to be increasing. Read the full article. [KrebsonSecurity]

Phishers actually land a tiny percentage of
victims, but the end result is big bucks — to the tune of $2.4 million
to $9.4 million a year, according to a new study that measured real
phishing attacks on banks. Read the full article. [Dark Reading]

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