Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
FFIEC guidance and case law are helping banks define what constitutes "reasonable security." In a panel discussion, three experts debate the long-term impact of two recent account takeover fraud cases.
Characterizing the state of employment among American information security practitioners, executive recruiter Joyce Brocaglia says, "We are experiencing negative unemployment in the field of information security."
As Keith Alexander tells it, when he led the National Security Agency, he didn't exist. Alexander discovered that 'fact' after he retired on May 21 as director of the NSA and commander of the Cyber Command and began shopping to buy a new home.
A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.
Security researchers say the international takedown of the Gameover Zeus botnet and servers for CryptoLocker ransomware will have a positive short-term impact, but they warn the threats could quickly re-emerge unless key steps are taken.
eBay is urging its 145 million customers to change their passwords following a cyber-attack on a company database that compromised encrypted passwords and other personal information. Learn how and when the attack originated.
The arrests of more than 90 individuals for their alleged involvement in the use of BlackShades malware is a sign of progress in the global fight against cybercrime, but some experts question whether the crackdown will serve as a fraud deterrent.
Conventional wisdom dictates that the high demand for IT security practitioner would cause salaries to rise, perhaps significantly. But a new study by SANS shows only a slight fattening of paychecks for many IT security professionals.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
Scores of banking/security leaders gathered at the SF Fraud Summit to learn from the nation's leading experts on topics such as account takeover, big data analytics, insider risks and payment card fraud.
Phishing attacks targeting telecommunication companies' customers, which result in account takeovers, are on the rise, federal authorities warn. Security experts offer analysis of the trend as well as mitigation advice.