Detectives have arrested seven suspects and seek 13 more in an ATM skimming investigation involving hundreds of credit and debit cards compromised in parts of Canada, the U.S., Australia and Indonesia.
The U.S. Treasury is asking banking institutions to play a more active role in the fight against organized crime. Fraud experts at Ernst & Young share what the Treasury's new demands mean for future investments banks have to make.
Incidents of card data exposure, such as Citibank's recent online breach, get regulators' attention. And sources say banking examiners are increasingly asking tougher questions about the protection of consumer data.
Banking regulators have begun examining institutions for conformance to the FFIEC Authentication Guidance. What gaps have they found? Terry Austin of Guardian Analytics offers insight and security tips.
Concerns expressed by the National Security Agency director come at a time when Congress is split over the role government should perform in determining the security of the mostly privately owned national critical IT infrastructure.