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.
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.
A lingering legal dispute over a corporate account takeover incident at escrow company Village View has finally come to a close. Find out more about the details of the case and the settlement.
Howard Schmidt takes exception with aspects of our blog that addresses his position in the White House hierarchy and relationship with agencies' chief information security officers. Here's his response.
What are the top four malware-related issues that all organizations should focus on this year? Andreas Baumhof of ThreatMetrix shares insights based on five years of malware analysis.
Banking regulators and law enforcement are collaborating to reduce losses linked to account takeover fraud. They say employee training at the branch level is a critical piece in the fraud fight. Why?
In Georgia, a man has pleaded guilty for his role in a $1.3 million phishing scheme. How did Bank of America and Chase help law enforcement agencies crack this alleged international fraud ring?
Are institutions making the right investments in anti-fraud technologies? As they conform to the FFIEC's updated Authentication Guidance, many could miss the mark, warns Aite's Shirley Inscoe.
When it comes to curbing ACH fraud, banking regulators and law enforcement agencies have joined forces to keep institutions abreast of emerging best-practices. What are their top recommendations?
Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
In Texas, banking leaders and law enforcement agencies have joined forces to attack ACH and wire fraud. Learn about the anti-fraud recommendations they've developed.
Are banks and credit unions focusing too much attention on authentication and not enough on layered security? In their efforts to conform to the FFIEC's updated Authentication Guidance, they could be missing the fraud-prevention mark.
How well do banks conform to the FFIEC's updated Authentication Guidance? Gartner analyst Avivah Litan says most have made progress, but they still struggle with the details.
Banks and credit unions are making investments to prevent ACH/wire fraud. But are they investing in the right solutions? Attorney Joseph Burton says the focus must be on 'reasonable' security.
Most bankers doubt that big technology investments will reduce fraud, according to the 2012 Faces of Fraud survey. Why don't they believe technology is the answer?
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