Payment cards, ACH, ATM - these are the forms of fraud that have made the biggest news so far in 2010. But there's another variation preying upon banking institutions, too.
A federal judge sentenced Albert Gonzalez to 20 years in prison for his role as ringleader of a group of cybercriminals who hacked into TJX and other retailers.
The release of the FBI's Internet Crime Complaint Center (IC3)annual report continues to reveal some seriously troubling numbers if you're on the side of the good guys.
What a difference a year makes.
Almost exactly one year ago, I interviewed Charles Antonucci Sr., CEO of Park Avenue Bank. His institution was in the news because it withdrew its application for federal Troubled Asset Relief Plan (TARP) funds.
Last Friday, Park Avenue Bank was closed.
Online fraud schemes and malware are casting an even wider net, far beyond the large national banks and well-known retailers, as phishers seek new victims.
What must financial institutions do to improve security education?
Identity theft expert Robert Siciliano shares his thoughts on the need to change the mindset of financial institutions when it comes to educating their customers about identity theft and security issues. Among the topics he discusses:
Why "old...
A Colorado bank has come forward to reveal that as many as 5,000 of its customers were at risk because of new fraudulent transactions tied to the Heartland Payment Systems data breach.
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