In what is being called "the largest coordinated international law enforcement action in history directed at carding crimes," 24 suspects have been arrested in a fraud scheme likely involving more than 400,000 accounts.
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.
Occupational fraud is quite possibly the largest form of fraud, says John Warren of the ACFE. So how can organizations spot the potential fraudsters and prevent their crimes? Warren shares insights.
Hacktivist attacks are on the rise. So how should organizations respond? ISF researcher Gregory Nowak offers unique advice about the role communications plays when hacktivist threats emerge.
The FTC claims hackers targeted the Wyndham hotel chain's network and exported debit and credit data to a domain in Russia. What do the breaches mean for card issuers, and what action should they take?
For United Bank & Trust, cost, efficiency and customer adoption were big considerations when it came to FFIEC conformance. How did this $1 billion institution determine the best authentication option?
When it comes to fighting financial fraud, Peter Tapling of Authentify says banking institutions are chronically underestimating and under-utilizing one key resource: Their own customers.
Owners of critical infrastructure might be shamed into providing the necessary security to safeguard their information assets. That's one takeaway of a compromise Senate bill proposed by Democrat Sheldon Whitehouse and Republican Jon Kyl.
Banks and credit unions are investing in enhanced fraud detection, but are they spending money on the right things? The new Faces of Fraud survey report shows too many are still confused by updated FFIEC demands.
With the increasing amount of data being collected by organizations, the role of the data scientist has emerged to aid in analysis. What's unique about the role and what job functions does it entail?
Marcus Ranum isn't shy about saying online authentication methods are outdated and insecure. Passwords will get breached, but organizations can do more to protect their users and online databases.
"This is about preparing the battlefield for another type of covert action," a former high-ranking U.S. intelligence official says. "Cyber collection against the Iranian program is way further down the road than this."
The out-of-court settlement reached in a dispute between Village View Escrow and Professional Business Bank shows it's getting more difficult for banks to avoid liability, experts say.
LinkedIn's failure to comply with long standing industry standard encryption protocols jeopardized its users' PII, and diminished the value of the services, the class action federal lawsuit filed in northern California says.
Online banking attacks are up, but financial losses linked to account takeovers are down. What does this shift say about the future of fighting ACH/wire fraud? The FS-ISAC's Bill Nelson weighs in.
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