In response to the ongoing threat of ACH/wire fraud, Sen. Charles Schumer, D-N.Y., has introduced a proposed amendment to Regulation E that would give municipalities and school districts the same level of protection as consumers.
With all the publicity these fraud incidents have received this year - all the warnings from regulators and institutions alike - I cannot believe awareness is so low.
It was with a bit of puzzlement and skepticism that I closed my afternoon yesterday by reading two recent reports about future card and cash use in Europe.
Anne Wallace, president of the Identity Theft Assistance Center, says financial institutions must implement best practices to protect their customers' identities.
The Catholic Diocese of Des Moines, Iowa, fell victim to a $600,000 ACH fraud theft and becomes another in the growing list of businesses and entities that have suffered huge losses as a result of these crimes.
Interview with Kim Peretti of Pricewaterhouse Coopers: Are the courts taking a more severe sentencing approach to cybercrimes related to identity theft?
A working group created by the Financial Services Information Sharing and Analysis Center is honed in on developing best practices for institutions and their customers to help fight corporate account takeover.
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