While most people are planning time off from work over the holidays, criminals are working overtime this season on new scams to steal personal data.
The latest fraud schemes come from Connecticut, Hawaii and Oklahoma.
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
OK, it's year-end and everybody is thinking about the biggest this, biggest that of the year - of the decade, even. And we'll have our own lists, too, no worries. There's a lot to look back upon this year, and even more to look forward to in 2010.
But what are on my mind today are the big stories that no one seems...
"Give us your broke, your desperate, your unemployed." This is the tacit plea from fraudsters seeking to lure new "money mules" to enable their money-laundering schemes.
And the recruitment effort is working to the point that the Federal Deposit Insurance Corporation (FDIC) last week issued an alert to financial...
A computer technician has been indicted in New York Supreme Court, charged with stealing the identities of more than 150 Bank of New York Mellon employees and using them to steal more than $1.1 million from charities, non-profit groups and other entities.
Adeniyi Adeyemi, a 27-year-old man from Brooklyn, was...
From ACH to ATM, payments to phishing, fraud schemes abound. And bank customers and businesses are the targets.
So what can banking institutions do to fight back?
Bob Neitz is the senior vice president in charge of the Fraud Corporate Risk Management Program at Wells Fargo. In an exclusive interview, Neitz...
Commercial banking customers continue to be the hot targets of online crime, as additional U.S. businesses report money stolen from their accounts following the FDIC's alert in late August .
Among the recent incidents: In mid-Sept., fraudsters siphoned $150,000 from a fuel company in Maine, while earlier this month...
Bogus security software applications are among the types of electronic crimes that grew 585 percent over the first half of this year, according to a new study.
The Anti Phishing Working Group's (APWG) latest report shows that rogue anti-malware programs, infected computers and crimeware broke new records in the...
The FDIC has warned banks: Online crime is increasingly hitting small and mid-size companies in the U.S., draining those entities' bank accounts through fraudulent transfers.
So, how should banks respond to this alert and assist their business customers?
Doug Johnson of the American Bankers Association...
The landscape of hackers is filled with stories from those whose job is to hunt them down. SANS forensics instructor, Rob Lee, also a senior forensics consultant at the IT security consultancy Mandiant shares three "villain" examples of the types of attacks being seen in the field by the company's forensic...
Last week's alerts about online crime against small and mid-sized companies is a signal to financial institutions that it's time to take an even more aggressive approach to fraud monitoring and prevention. Which is exactly what one state banking association is doing.
The FDIC has warned banks: Online crime is increasingly hitting small and mid-size companies in the U.S., draining those entities' bank accounts through fraudulent transfers.
So, how should banks respond to this alert and assist their business customers?
Doug Johnson of the American Bankers Association...
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