NACHA has posted an alert about a targeted phishing scam that appears to be hitting recipients up for ACH transaction details. Reports of phishing e-mails appearing to be from the Internal Revenue Service have also cropped up this week.
Phishy HTML pages get past spam filters, and users of RSA's SecurID two-factor authentication products come up with new ways to monitor threats and take preventive steps in the aftermath of a hacker attack against RSA.
Phishy HTML pages get past spam filters, and users of RSA's SecurID two-factor authentication products come up with new ways to monitor threats and take preventive steps in the aftermath of a hacker attack against RSA.
Phishy HTML pages e-mailed as attachments get past spam filters because the messages themselves contain no overt URLs to scan and catch, says online security expert Neil Schwartzman. "It's almost unsophisticated, but it's clever."
A preliminary draft of new online authentication guidance from the Federal Financial Institutions Examination Council puts greater responsibility on the shoulders of financial institutions to enhance security.
Tom Oscherwitz says consumers put themselves at risk by giving out too much personal information that is often used for online banking log-in credentials.
Visa says a move toward EMV can help merchants cut PCI compliance costs, and SWIFT says globalization, regulation and the introduction of new services from non-financial providers will set the tone for payments 2011.
Visa says a move toward EMV can help merchants cut PCI compliance costs, and SWIFT says globalization, regulation and the introduction of new services from non-financial providers will set the tone for payments 2011.
One community bank shares its side of the corporate account takeover story, and a new survey finds that security compliance reduces long-term expenses.
One community bank shares its side of the corporate account takeover story, and a new survey finds that security compliance reduces long-term expenses.
From payment cards to checks, ACH transactions to phishing, there's no question that fraudsters have waged war on banks. And now the institutions are fighting back.
NACHA's CEO says ACH-related fraud is often over-hyped, and occurs far less often than check- and payment card-related fraud. But when corporate accounts are breached, fraudulent ACH transactions lead to big financial losses.
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