The FTC says that consumers were hit with one-time charges of $10 or less, and then their payments were routed through fake corporations to Eastern European and Central Asia bank accounts.
According to FTC spokesperson Frank Dorman, this agreement has no bearing on state-chartered credit unions or any other entities, which still face the Dec. 31 enforcement date.
Already in the first six months of 2010, financial institutions have been involved with more than half the total data breaches they suffered in 2009 - and experts don't see the pace decreasing.
Cybersecurity Coordinator Howard Schmidt unveils a White House blueprint to create an online environment where people and business can complete transactions in confidence.
The revised fraud and insider abuse section of the OTS's Examination Handbook notes measure banks and credit unions can take to limit their susceptibility to fraud losses.Â
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