Seven people have been accused by Michigan authorities of pulling off a unique account takeover scheme that targeted Bank of America and involved nearly $360,000 in fraudulent funds transfers.
High Roller malware attacks are the latest potential threats that point toward the need for layered security controls. What advice do banking/security leaders offer for responding to these attacks?
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
Organizations using semantics and big data tools are creating a new position called data scientist to help uncover fraud and identify undetected vulnerabilities. Here are profiles of three leaders who have embraced this role.
Organizations using semantics and big data tools are creating a new position called data scientist to help uncover fraud and identify undetected vulnerabilities. Here are profiles of three leaders who have embraced this role.
The Global Payments data breach has expanded, and now may include the exposure of personal data linked to merchant applicants. But what does this latest news mean? Industry experts offer insights.
When Joseph Bognanno of Wolters Kluwer Financial Services examines 2012's financial fraud trends, all he sees is more - more of everything, from schemes to new guidance. How can banks stay ahead?
Israel's intelligence agency supervises commercial banks' IT systems because they're considered part of the critical national infrastructure, and that's okay with the bankers. See why.
The statistics revealed in the ACFE's new 2012 Report on Occupational Fraud and Abuse are all very real. Here are my insights on occupational fraud and steps leaders can take to detect these crimes.
When Joseph Bognanno of Wolters Kluwer Financial Services examines 2012's financial fraud trends, all he sees is more - more of everything, from schemes to new guidance. How can banks stay ahead?
When it comes to the FFIEC Authentication Guidance, Aite analyst Shirley Inscoe fears too many banking institutions are investing only in achieving compliance - not ongoing security.
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
Ignorance is not bliss. Two new studies, when viewed together, show that consumers' ignorance of the consequences of their actions coupled with enterprises' unawareness of their computing environment equal unacceptable risk.
Microsoft Corp. says it led a team that has successfully disrupted command and control servers used to run some of the world's most damaging variations of botnets proliferating the Zeus malware.
Jet Propulsion Laboratory IT Chief Technology Officer Tom Soderstrom is showing that a deliberate, methodical approach can lead to effective and secure cloud computing.
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