"As more channels connect to ACH, it will become the preferred route for banks to process transactions," says Steve Kenneally of the American Bankers Association.
"This seems to have been possible by the lack of a secure online banking environment provided by our former bank," says Jim Payne, Choice Escrow's manager of business development.
Amidst an ongoing international crackdown on criminals perpetrating ACH and wire fraud, FBI agent Russ Brown has advice for how banking institutions can help foil these crimes.
The Avalanche crime group, the world's most prolific phishing gang, has moved from using conventional phishing to solely propagating Zeus, the most famous and stealthy password-stealing malware, say security researchers in a new report.
Good start, but we've still got a long way to go. This statement sums up industry experts' reactions to the two cyber fraud advisories issued this week to help organizations prevent ACH fraud and other crimes.
Two weeks after authorities on two continents arrested cyber criminals linked to the Zeus malware, Microsoft has added the infamous Trojan's signature to one of its best removal tools in an effort to hunt down infected machines.
The story of Nazreen Mohammed shows a new level of over-the-top insider fraud and that sometimes good judgment is thrown away when a mother wants to help her son.
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