Banking Technology Connections: October 30, 2012

What if a Distributed Denial of Service (DDoS) attack happened to you?  We see in this week’s articles that big banks are regularly being attacked and then facing serious issues with their online delivery channels as a result.  We started asking ourselves the following questions: What if it happened to a community bank?  Would it be ready for the onslaught of data?  How would its customers react?  While there is no way to avoid the attack, there are many ways to mitigate it both technically and in your customer outreach.  Although the likelihood of an attack is low, it might be a good time to review your processes and make sure that if one does occur, you have done everything possible to avoid any potential inconveniences to your customers.

Interesting Articles of the Week
DDoS attacks against banks raise question: Is this cyberwar or just a ruse to hide theft? 
(via @SRH131)

Verizon Data Breach Report Highlights Insider Vulnerabilities (AOL)
(via @dataprivacyrisk)

Hacktivist Group to Temporarily Suspend Attacks on Banks
(via @AmerBanker)

Majority of IT Departments Ignorant of BYOD (Bring Your Own Device)
(via @banktech)

Nine ways to thwart DDOS attacks
(via @BankTechNews)

What's the latest financial cybercrime threat: Mobile device cloning
(via @AmerBanker)

Upcoming Events
11/2/12 (Atlantic City, NJ) 
NJ Bankers Association: BankHorizons

11/3/12 (Quincy, MA)
ISACA New England: CISA Review Course Training

11/7/12 (New York, NY)
ISSA NY: Mobile Security - Synthesizing Strategy

11/8/12 (West Lebanon, NH)
NH & VT Bankers Assocation: NH & VT Trustees & Directors Forum

11/14/12 (Rocky Hill, CT)
ISACA Hartford: "Hands-on Active Directory"

11/27/12 (Waltham, MA)
ISACA New England: Being a Leader in the Information Assurance Industry

11/29/12 (Las Vegas)
WolfPAC User Conference

12/04/12 (TBD)
NJ Bankers Association: Operations & Technology Seminar

12/12/12 (Webinar)
ISACA New England: Current Trends in Business Continuity Planning - Webinar

Questions? Interested in learning more about Wolf's IT Assurance and Security services?
Please contact Matthew J. Putvinski, CPA, CISA, CISSP, Member of the Firm and Director of IT Assurance and Security services, at (617) 428-5479 or mputvinski@wolfandco.com.  If you would like to subscribe to this newsletter and receive it via email please contact Sam Sexer at ssexer@wolfandco.com.