In a new alert, the OCC says banking institutions should be concerned about fraud attempts linked to recent distributed-denial-of-service attacks on prominent U.S. banks.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.
Curbing pay-at-the-pump card skimming attacks is daunting, and incident tracking is to blame. But a new initiative spearheaded by the oil industry and card issuers raises the bar for information sharing.
Gov. Nikki Haley realizes the potential political consequences of a breach, which explains why she held three press conferences on three consecutive days to address her administration's response to a computer breach of the state's tax IT system.
Identity Fraud is a significant problem for financial institutions, costing billions of dollars in losses. Fraud prevention efforts can reduce losses, but often interfere with the smooth servicing of legitimate customers. Moreover, determined fraudsters have defeated many of the fraud prevention mechanisms employed...
A breach at a Texas credit union shows how fraudsters target financial institution employees to gain access to sensitive information. Why are institutions proving to be soft spots for compromise?
TD Bank's October breach notification about two backup tapes lost in March is difficult to justify, legal experts say. As a result, the bank could face lawsuits, as well as state fines.
The leader of a bank fraud and ID theft scheme in Pennsylvania got more than eight years in prison for his crimes. That's a tough sentence for ID theft, but was it steep enough?
Card fraud linked to pay-at-the-pump gas terminals is growing. What steps is the petroleum industry taking to curb attacks, and what more do security experts say needs to be done?
RSA's Etay Maor says Citadel malware and ransomware attacks highlight a growing threat banking institutions and consumers must be prepared to fight. What can institutions do to mitigate risk?
Targeted phishing attacks are at an all-time high, and one reason for the proliferation is a non-unified response from industry and government, says Peter Cassidy of the Anti-Phishing Working Group.
The financial industry is pushing for .bank, one of many new top-level domains being pitched to ICANN. But how is this new domain-naming system expected to help banking institutions curb fraud?
U.S. banks are well-aware of the fraud vulnerabilities magnetic-stripe cards pose, yet few have made moves toward chip technology. The time for stalling is over.
Jenny Durkan, the U.S. Attorney for the Western District of Washington, is taking a lead role in combatting cyberfraud. Under her leadership, federal prosecutors have upped their efforts to combat ever-increasing threats posed by digital crimes, including card fraud.
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?
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