Links in “Cybersecurity/Data Breaches”

While bolstering cyber security defenses at financial institutions remains vital, Microsoft is working on a different approach: taking over the infrastructure behind malware attacks. [10/7/14]

At least, the 10 biggest so far. Experts warn that there may be other massive data breaches that haven’t yet been divulged. [10/6/14]

Do you need to be concerned? Here are the facts about this commonly used piece of code. [10/3/14]

CUNA has issued an action alert to “Stop the Data Breaches” along with a resource toolkit that credit unions can use to communicate this message. The multi-media campaign is designed to urge Congress to pass legislation mandating consistent data security standards for merchants. [10/3/14]

JPMorgan Chase had been losing its security staff to other banks. Banks are willing to invest heavily in revenue growth, but not so much in the unappealing costs that come with growth. [10/3/14]

First there was Target (40 milion debit and credit cards), then Home Depot (56 million customer payment cards), and now there is JPMorgan Chase, which says contact information for about 76 million households and 7 million small businesses was hacked over the summer. [10/3/14]

With all the breaches in the news lately, awareness may not be the problem. Nevertheless, here are some resources consumers may find helpful in addressing cybersecurity. [10/2/14]

Capital One's Wallet for Apple devices doesn't use a PIN or even Apple's fingerprint scanner, but uses customer swipe patterns to gain access to their key information. [10/2/14]

If Heartbleed and Shellshock hadn't already got you thinking about your institution's cyber security, October is Cyber Security Awareness Month! With the estimated global cost of cybercrime between $375 billion and $575 billion, now is the time to be proactive about cyber security. [10/2/14]

The Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Depository Trust and Clearing Corporation (DTCC) have announced a joint venture named Soltra that will deliver software automation and services that will collect, distill, and speed information about cyber threats from a myriad of sources.  The president of Soltra stated that financial institutions need to have cyber intelligence at “network” speed in order to adequately protect themselves. The Soltra solutions should be available to credit unions in the next few months. [10/1/14]