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.
The so-called High Roller cyberattack uses automation to drain high-value bank accounts. What can institutions do to protect customers? Chris Silveira of Guardian Analytics offers advice.
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?
The recent settlement announced by Village View Escrow and Professional Business Bank offers key insights into how incidents of fraud resulting from account takeover might be handled in the future.
A Mississippi bank is taking legal action against a former commercial customer, claiming the customer is liable for losses and damages linked to a suit over ACH/wire fraud.
Don't be too quick to write off the PATCO court ruling as a victory for banking customers in the debate over ACH/wire fraud liability. The reversal could actually be a win for banks.
In a tribute, we remember Terrell Herzig, information security officer at UAB Health System, an innovator who was passionate about sharing best practices for protecting sensitive information.
The First Circuit Court of Appeals ruling offers a fascinating look at exactly which security controls Ocean Bank, now People's United Bank, did - and did not - offer to customers such as PATCO.
The Zeus Trojan is frightening because of its agility, evolution and success at stealing banking credentials. How can institutions fight back? Malware expert Andreas Baumhof offers new ideas.
A U.S. appeals court reversed a lower court's ruling in the ACH/wire fraud dispute between PATCO Construction Inc. and the former Ocean Bank, now People's United. What is next in this high-profile case?
The recent settlement between Village View Escrow and Professional Business Bank could set a new course for legal disputes involving account takeover, say the attorneys involved in the fraud case.
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