Organizations using semantics and big data tools are creating a new position called data scientist to help uncover fraud and identify undetected vulnerabilities. Here are profiles of three leaders who have embraced this role.
A U.S. appeals court reversed a lower court's ruling in the ACH/wire fraud dispute between PATCO Construction Inc. and the former Ocean Bank, now People's United. What is next in this high-profile case?
The FTC claims hackers targeted the Wyndham hotel chain's network and exported debit and credit data to a domain in Russia. What do the breaches mean for card issuers, and what action should they take?
Banks and credit unions are investing in enhanced fraud detection, but are they spending money on the right things? The new Faces of Fraud survey report shows too many are still confused by updated FFIEC demands.
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.