Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
Cyberhackers are increasing their efforts to target online credentials. And phishing attacks waged against accountholders at Chase in the U.S. and Barclays in the U.K. have made it clear that banking accounts are the target.
BITS, the technology policy division of The Financial Services Roundtable, has just named a new VP of cybersecurity and fraud prevention. What's John Carlson's mission, and what's it mean to banks?
The Federal Deposit Insurance Corp. is warning its banks about another strand of phishing attacks purporting to come from the FDIC. The e-mails claim to offer critical information about business bank accounts.
What fraud and security issues does Paul Smocer, the new president of BITS, see as being top concerns in the coming year? Mobile payments, social media, and a strong need for institutions and organizations to comply with existing guidance top the list.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
Gigi Hyland of the NCUA says the latest draft of online authentication guidance is awaiting final signoff from just one FFIEC member agency. And Verizon's new data breach report finds that compromised records resulting from data breaches dropped dramatically in 2010, but the number of breaches continues to grow.
Gigi Hyland of the NCUA says the latest draft of online authentication guidance is awaiting final signoff from just one FFIEC member agency. And Verizon's new data breach report finds that compromised records resulting from data breaches dropped dramatically in 2010, but the number of breaches continues to grow.
Experts say banks and retailers are doing all they can to control concerns in the aftermath of the Epsilon e-mail breach, and a well-crafted e-mail fooled an RSA employee into opening a phish that led to a sophisticated attack on the company's information systems.
Experts say banks and retailers are doing all they can to control concerns in the aftermath of the Epsilon e-mail breach, and a well-crafted e-mail fooled an RSA employee into opening a phish that led to a sophisticated attack on the company's information systems.
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."
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