Cybercriminals will increasingly target banks and brokerage firms for market information and PII they can use to perpetrate their schemes, as was described in this week’s indictments tied to the JPMorgan Chase attack, Pascual predicts. Protecting data is going to prove increasingly challenging because attackers are relentless and cybercrime is becoming a big business, Pascual says.

In addition to encrypting payment data and account data, Pascual says, “personally identifiable information should also be obfuscated within the network, or at least made as hard to get to as possible. We know that in the case of the Chase breach, that’s not what happened.” click here for the link or click read more

http://www.bankinfosecurity.com/interviews/banks-need-to-prepare-for-more-chase-like-breaches-i-2980?rf=2015-11-12-eb&mkt_tok=3RkMMJWWfF9wsRouu6vOZKXonjHpfsX%2F7e4sUaCg38431UFwdcjKPmjr1YsJRcZ0aPyQAgobGp5I5FEIT7HYRrhpt6cOXA%3D%3D