Banks and credit unions are making investments to prevent ACH/wire fraud. But are they investing in the right solutions? Attorney Joseph Burton says the focus must be on 'reasonable' security.
Most bankers doubt that big technology investments will reduce fraud, according to the 2012 Faces of Fraud survey. Why don't they believe technology is the answer?
Microsoft Corp. says it led a team that has successfully disrupted command and control servers used to run some of the world's most damaging variations of botnets proliferating the Zeus malware.
Which top three security worries should security leaders at banks and credit unions focus on? Joe Rogalski of First Niagara Bank says some old and new fraud schemes top the list.
The Texas Department of Banking has partnered with the U.S. Secret Service to help banking institutions prevent ACH/wire fraud. What are this new task force's key recommendations?
Skimming is a problem, but it's not the top card fraud scheme. Which incidents does the U.S. Secret Service see most often striking networks and POS systems? One agent shares his insights.
In the PATCO Construction fraud case, attorney David Navetta says the court failed to address two key concerns: reasonable security and good faith. What's next in PATCO's ongoing legal battle?
From mobile malware to the Anonymous hacktivist attacks, how can banking institutions tackle the changing threat landscape? Joe Rogalski of First Niagara Bank has some new ideas.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Alisdair Faulkner of ThreatMetrix says financial institutions and businesses should focus on five key security areas. What make up the top five, and where do banks need to make the greatest fraud-prevention investments?
Regulators have hinted at it, and industry experts say it's coming. U.S. banking institutions can expect to see new guidance for mobile banking. The open questions are: When, and in what form?
Risk assessments are over. Now it's time for institutions to prove they conform to the FFIEC's Authentication Guidance. Fraud expert George Tubin offers tips to prepare for the first regulatory exam.
Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
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