Online account takeover occurs when an unauthorized party gains access to an existing bank account by stealing the access credentials and is followed almost invariably by the illegal movements of funds. In today's increasingly connected world, the growth in connectivity, convenience, speed, technology adoption, and...
Cyber-attacks are taking aim at governments, banks and organizations across numerous sectors, says former FBI investigator Shawn Henry. But how much do we know about the actors waging these attacks and who their top targets are?
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
New research says more than 25 percent of consumers hit by a data breach later become victims of identity fraud - especially when payment card information is exposed. Javelin's Al Pascual shares analysis.
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.
To mitigate the top threats for 2013, organizations need to understand the motivations of potential attackers so they can adequately defend their networks and systems. Experts describe risk management strategies for the year ahead.