While Microsoft's move to take down Zeus malware-related botnets is touted as a unique approach to fight financial fraud, some industry experts question its long-term viability. What are their concerns?
Have corporate account takeover incidents abated? Are banking institutions ready to conform to the FFIEC Authentication Guidance? These questions are posed by the Faces of Fraud Survey. Take the survey now.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Spear phishing, or targeted phishing, schemes are the industry's most concerning trend, according to a new report from the APWG. So, what can we do to curb phishing attacks? Executives at BITS and FS-ISAC have a new idea.