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.
Banks and credit unions say they are investing in enhanced fraud detection, monitoring systems and education. What other anti-fraud investments top their lists? See what our 2012 Faces of Fraud Survey revealed.
Global Payments Inc., the breached payments processor, now says the scope of its self-discovered data breach may be broader than initially reported and involve personal data collected from merchant customers.
Federal authorities have charged a Dutch hacker for the role he played in an elaborate scheme that targeted POS systems and networks to steal credit card details that were later sold on websites for fraudulent purposes.
Georgia Tech Research Institute is beta testing a malware intelligence system that research scientist Chris Smoak contends will help corporate and government security officials share information about the attacks they confront.
The online dating website eHarmony has warned a "small fraction" of its users of a June 6 breach that likely exposed hashed passwords. Whether the incident is related to a LinkedIn breach has not been confirmed.