If President Obama's second term were a movie sequel, I'd call it "Unfinished Business." It's time to step up and see through the cybersecurity initiatives Obama spoke about when he first took office.
A wave of distributed denial of service attacks on banks raises the question: Should the owners of the nation's critical information infrastructure, when assessing risk, be held to a higher standard because society relies on them to function?
Labeling it "a very close call," a U.S. district court has rejected a Mississippi bank's bid to have a former customer held liable for losses, damages and legal costs in an ACH and wire fraud case.
More malware attacks fueled by Citadel and Reveton are getting attention from federal authorities, which say banking institutions and consumers should be on high alert. What can institutions do to mitigate emerging malware risks?
More than a year after issuance of the FFIEC Authentication Guidance, many smaller banking institutions still struggle to conform. How are service providers such as Q2ebanking stepping in to assist?
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.
Where are banks and credit unions making their biggest investments to fight fraud? See what banking executives and others have to say about emerging trends.
The definition of reasonable security changes over time. And that's something the courts must consider when reviewing legal disputes over fraud liability.
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?
Banking institutions are focusing on risk assessments. But what other steps are they taking to conform to the FFIEC Authentication Guidance? The ABA's Doug Johnson shares what he hears from banks.
Security personnel should be required to prove not only that they know how to do things right, but also that they know how to do the right thing. They must demonstrate commitment to ethical behavior.
A small point-of-sale attack in Kentucky points to a larger fraud trend impacting banks and customers. What are "micro attacks," and how can institutions help prevent and detect them?
The PATCO Construction Inc. case, recently reversed by a U.S. appeals court, is seen as a win for fraud victims. But what are the takeaways for banking institutions? Attorney Joe Burton offers insight.
How well do U.S. financial institutions conform to the FFIEC Authentication Guidance? One regulatory agency discusses the state of conformance and what its examiners have learned from institutions.
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
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