ACH/Wire fraud was the big story in 2010 and helped influence the updated FFIEC Authentication Guidance. So, have incidents of corporate account takeover decreased in 2011, or are we just hearing less about them?
A new survey finds that only 56% of U.S. banking institutions have conducted risk assessments, but 87% have deployed layered security controls. Are banks ready to conform with the FFIEC Authentication Guidance?
In an exclusive interview about the findings of this new survey, Austin discusses:
Regulators push tougher cybersecurity measures. But the challenge for smaller organizations isn't compliance - it's budgets. Wendy Nather of 451 Research defines the 'Security Poverty Line' and what to do about it.
The scheme allegedly involved insiders recruited by fraudsters to steal information about more than 200 individuals and organizations. How can institutions improve background screening and prevent fraud?
The potential 30-year prison term and $1 million fine are significant, but so is the actual plea agreement - which may signal a new tactic in law enforcement officials' efforts to break up fraud rings.
As 2012 nears and federal regulators prepare to examine financial institutions for conformance with the FFIEC Authentication Guidance, just how prepared are banks and credit unions? The answer may surprise you.
Fraud threats have changed little in the past decade. But their global scale has, and James Ratley, president of the ACFE, details how fraud examiners must change their approach to fighting these crimes in 2012.