Cyber Monday Risks for Banks, Stores

Post date: Nov 23, 2010 4:15:11 PM

Watch Out for Phishing, Mobile Malware and Fraudulent Gift Cards

Holiday spending is expected to be more diverse this year. Online shopping, mobile browsing and the use of prepaid gift cards will be dominant forces, and so, too, will the security and fraud risks associated with them.

According to fall surveys conducted by the Information Systems Audit and Control Association, the independent global information systems group, employees at various businesses throughout the U.S. are expected to spend six hours shopping from work computers or work-supplied mobile devices this holiday season. From a security perspective, those percentages are threatening, says ISACA's Mark Lobel, a member of the association's External Relations Committee and a principal advisor at PricewaterhouseCoopers. The risks associated with those online spending behaviors are the most concerning, Lobel says. "There were three risky online work behaviors that we saw," he says. "The first one was clicking on an e-mail link to access a shopping site." The other two: using business-provided mobile devices or smart phones and PCs for personal browsing. November 22, 2010 - Tracy Kitten, Managing Editor

http://www.bankinfosecurity.com/articles.php?art_id=3119&rf=2010-11-22-eb