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.
New advisories from Visa suggest that payments processor Global Payments Inc. may have been breached in June 2011 - nine months earlier than initially reported.
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?
The latest spin on the insider threat: malicious outsiders taking advantage of inadvertent insiders, says Dawn Cappelli of Carnegie Mellon University. Learn how to detect and prevent these attacks.
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
Symantec says Internet vulnerabilities are down, but don't get too comfortable. We can expect more attacks in 2012. Why are the same threats still posing so much concern?
If you handle critical data, you've got to be humble, advises Bob Carr, CEO of breached processor Heartland Payments System. "Anyone that thinks they're not going to be breached is being naïve."
When Joseph Bognanno of Wolters Kluwer Financial Services examines 2012's financial fraud trends, all he sees is more - more of everything, from schemes to new guidance. How can banks stay ahead?
While the industry is working overtime to catch up to new and emerging fraud trends, it has to remain diligent in its efforts to thwart some long-standing schemes, like check fraud.
In the age of cyber fraud, classic bank robberies continue to plague financial institutions. How is a new FBI program helping institutions improve how they repel and respond to these crimes?
A security firm has uncovered a wave of fraud striking corporate checking accounts in the U.S., U.K. and China. How are the criminals gaining access to supposedly secure banking credentials?
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.
Lyndon Bird, technical director of the Business Continuity Institute, praises the ISO 22301 standard for business continuity, calling it "An end to uncertainty." Learn about the emerging standard.
Few banking institutions see mobile as a means to address security and fraud-prevention. Javelin's Jim Van Dyke tells how institutions - and their customers - can enhance security via mobile.
Partisan bickering surrounding a bill aimed at protecting the nation's critical IT infrastructure is the likely reason the measure will not come up for a vote in the lower chamber this week, as representatives debate four other cybersecurity bills.
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