Rogue Certificates Mobile Banking Attacks Among Top Threats of 2012 McAfee Report

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(WEB HOST INDUSTRY REVIEW)  — Security research firm McAfee predicts that cyberattacks involving political motivation or notoriety will become major threats in 2012, according to a report released Wednesday.

McAfee’s 2012 Threat Predictions report finds that mobile banking, “legal” spam and virtual currency will make headlines in the new year.

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“Many of the threats that will become prominent in 2012 have already been looming under the radar in 2011,” Vincent Weafer, senior vice president of McAfee Labs said in a statement. “Over the past year, the general public has become more aware of some of these risks, such as threats to critical infrastructure or the impact of hacktivism as they gain international media attention. In the meantime, we continue to see cybercriminals improving their toolkits and malware and are ready to make a significant impact in 2012.”
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Online Banking Guidelines Updated to Address Sophisticated Financial Fraud

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(WEB HOST INDUSTRY REVIEW) — After its launch more than five years ago, the e-banking security guideline “Authentication in an Internet Banking Environment” has been updated to address the vulnerable security landscape, according to a report by KrebsonSecurity.

The update is especially relevant now since a recent hack directed at Citigroup revealed personal details of about 360,000 banking customers.

Released by the Federal Financial Institutions Examination Council, the guidelines acknowledge that threats have become more sophisticated since the report was implemented in 2005, but fails to make any specific suggestions of how institutions can harness technology or approaches to avoid these kinds of online attacks.
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