U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
Steven VanRoekel says the mobile revolution will fundamentally change the way the federal government serves the public and its employees. But in outlining the Federal Mobile Strategy, the federal CIO hardly mentions security and privacy.
Save Mart, the Modesto, Calif.-based grocery chain, now confirms that skimming devices are to blame for the data breach believed to have exposed hundreds of consumer accounts to debit and credit card fraud.
Michaels, Save Mart and Subway. Each of these companies was victimized by point-of-sale fraud, and security experts say the fraudsters' patterns offer valuable security tips to merchants and financial institutions.