Two more guilty pleas in a $200 million card fraud scheme highlight why banks need to ensure their identification verification policies are consistently applied and that customers are continually vetted and profiled.
Phishing attempts against bank employees are on the rise. How can institutions improve their defenses? Daniel Ingevaldson of Easy Solutions offers insights on how to combat advanced phishing techniques.
In the wake of a year of attacks waged against banking institutions by Izz ad-Din al-Qassam Cyber Fighters, the FS-ISAC's Bill Nelson and the ABA's Doug Johnson say the need to regularly update DDoS preparedness is a critical lesson learned.
Ransomware attacks are rising, and a resurgence of the banking Trojan Citadel after an earlier botnet takedown is partly to blame, McAfee Labs research shows. Malware expert Ryan Sherstobitoff analyzes the implications.
The FDIC is urging banking institutions to pay more attention to vendor management in light of recent breaches, such as one that compromised core processor Fidelity National Information Services.
Citi's settlement with two states over a breach that exposed 360,000 cards will likely set an example for other states. One expert says banking institutions will likely pay more damages when accounts are compromised.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
Account takeover fraud is growing globally, and it's not just banks that are suffering, says analyst Julie Conroy. Here, Conroy explains why fraudsters continually have the upper hand.
Federal indictments tied to global fraud schemes prove law enforcement is cracking down, says former federal prosecutor Kim Peretti. But increasingly these schemes are targeting smaller merchants - a worrisome trend.
Many banking institutions have done a poor job of addressing call-center fraud, says IDC analyst Jerry Silva, who offers tips on addressing the challenge of balancing customer service with security.
Recent high-profile attacks on banking institutions and payments processors showcase the technical sophistication of cybercriminals. Organizations must prepare now for the next wave of attacks.
A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.
Organizations incorporating social media into their daily operations tend to have gaps in policies, and key aspects are often an afterthought, says attorney David Adler, who pinpoints areas to address.
Five more banks have been sued for patent infringement related to banking technology core to their business. Experts say this latest flurry of legal action spurs new discussion of regulatory reform.
In light of recent retail breaches, courts are likely to start holding retailers more accountable than they have in the past for financial losses that result from fraud, predicts analyst Al Pascual of Javelin.
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