For the fourth time in a year, the Federal Trade Commission (FTC) has extended the enforcement deadline for state-chartered credit unions and non-banking entities covered by the Identity Theft Red Flags Rule.
"Give us your broke, your desperate, your unemployed." This is the tacit plea from fraudsters seeking to lure new "money mules" to enable their money-laundering schemes.
And the recruitment effort is working to the point that the Federal Deposit Insurance Corporation (FDIC) last week issued an alert to financial...
Chase Bank customers in the New York metro area have been receiving bogus text messages claiming to be from the bank, asking for account information. A local New York television station reported the phishing attack last week, claiming that "tens of millions of dollars" have already been stolen by fraudsters.
CIT Group Inc filed for bankruptcy protection Sunday after its board of directors approved of a plan to reorganize the small business lender. The plan has also been approved by CIT's creditors. The company was able to secure $1 billion in credit from Icahn Capital to finance its restructuring efforts on Friday, before...
We all can see the technological and market forces converging to necessitate and enable electronic healthcare records.
But how does this transition impact privacy and compliance within an organization? What are the ramifications for IT and security departments?
Kim Singletary, Solutions Marketing for McAfee,...
Allan Bachman has fought fraud since the early 1970s, and he's seen the crimes evolve in both sophistication and scale.
In an exclusive interview, Bachman, Education Manager for the Association of Certified Fraud Examiners (ACFE), discusses:
The evolution of fraud schemes;
The most common types of fraud seen...
Quick heads-up to those of you who will be in the Boston area this week: The BAI Retail Delivery Conference & Expo starts Tuesday at the Boston Convention & Exhibition Center. I'll be in attendance on Weds and Thurs, and I'd welcome the opportunity to meet you.
Nine banks owned by FBOP Corporation were closed by regulators on Friday, Oct. 30, and their assets all acquired by U.S. Bank, NA, of Minneapolis, Minnesota.
This mass closure raises to 134 - 115 banks and 19 credit unions - the number of failed institutions so far in 2009.
There are varied reasons why information security professionals transition from the public to the private sectors. But it is a common path and it is a move that often proves rewarding for individuals and organizations alike.
A computer technician has been indicted in New York Supreme Court, charged with stealing the identities of more than 150 Bank of New York Mellon employees and using them to steal more than $1.1 million from charities, non-profit groups and other entities.
Adeniyi Adeyemi, a 27-year-old man from Brooklyn, was...
This year's BAI Retail Delivery Conference & Expo, beginning Nov. 3 in Boston, is the 32nd annual event - and it very much will reflect the times that financial institutions have experienced over the past year.
Risk management, social networking, customer confidence - these all will be major themes at this year's...