FDIC's Michael Benardo: Online crimes are increasing in complexity and reach, but they represent only a portion of fraud that banking institutions will face over the next 18 months.
The Wakulla County, Fla. Sheriff's Office has arrested two men for involvement in what's described as "a massive scheme" to defraud thousands of victims across the United States via identity theft.
The arrests of two men in Florida on multiple identity theft charges represent "just the tip of the iceberg" in payment card crimes against merchants and consumers across the U.S., according to law enforcement officials.
To educate consumers and businesses about offline attacks, the Anti Phishing Working Group has stepped in to help by creating a new consumer fax education initiative in conjunction with the IRS.
Magnetic-stripe cards are quickly showing their age, and are increasingly giving the rest of the world a reason to point a finger of shame at the United States.
While physical attacks on ATMs are common when the economy is struggling, industry experts say such incidents actually are declining throughout the world.
Online crimes are increasing in complexity and reach, but they represent only a portion of the fraud trends that banking institutions will face over the next 18 months.
The FDIC 's Michael Benardo shares his views regarding the top fraud threats facing banks over the next 18 months. This and other top news and views from the week.
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