Industry insiders say card skimming incidents are growing and the ATM is the most-hit target, and a rash of targeted phishing schemes brings phishing attacks back to the fore.
In preparation for the holiday season, banking institutions must steer customers -- and employees -- toward best practices for safe online and mobile shopping.
While most Americans spent the summer enjoying the warm weather, Tom Wilkinson and his wife Cheryl spent their summer cleaning up the mess left behind by a phishing attack that cost the Wilkinson's their identities and nearly $40,000.
Charlie Lai, chief information officer of Fairwinds Credit Union, a $1.5 billion institution serving central Florida, calls reports of the massive ATM and online outage "ridiculous."
This week's top news and views: A recent rash of targeted phishing hits military accountholders and their families at USAA and Navy Federal Credit Union, and is malware to blame for last weekend's ATM and online outage?
Malware is likely to blame for the so-called "computer glitch" that over the weekend took down a handful of the country's largest banks' ATMs and online banking sites.
A recent rash of targeted phishing schemes -- which included hits to military accountholders and their families at USAA and Navy Federal Credit Union, as well as a separate attack on officials at the World Bank -- has again brought the crime to the fore.
Quick action kept Barbara Baron from suffering financial losses after a phishing attack, but she says the experience has taught her quite a few lessons about banking online.
NIST scientists are working to help the industry beat keyloggers, and law enforcement agencies cross borders to launch their fight against Zeus, the world's nastiest and most sophisticated Trojan.
This week's top news and views: Version 2.0 of the PCI Data Security Standard hits the streets and takes effect Jan. 1. And Identity theft is on the rise, and a new study from FinCEN finds that it's not cyberattacks that are compromising most consumers -- it's family and friends.
Dave Jevans of the Anti-Phishing Working Group says recent arrests of criminals in the U.K. and U.S. for Zeus-related schemes prove the cybercrime fight requires global cooperation.
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.
Because detecting and preventing online fraud is a "very complex puzzle," community banks need to rely on predictive analytics, says Mellani Ocampo of Pacific Continental Bank.
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