Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
Driving home every day along the New Jersey highways, I often see the signs offering "Save Your Home from Foreclosure" with a toll free number to call for more information.
It is the sign of the times. Foreclosure rescue scams are on the rise, along with mortgage fraud.
Verizon Business investigated 90 major data breaches in 2008, including 285 million compromised records. Nearly Â¾ of those breaches were external hacks, and 99.9 percent of the records were compromised via servers and applications.
These are among the findings of Verizon's new 2009 Data Breach Investigations...
Bank fraud has evolved over the last several years, but some classic variations keep financial institutions busy.
Here are six old fraud tricks that are back with new twists to bedevil fraud departments and information security professionals.
So, General Motors files for bankruptcy today. Whoever thought such an event would unfold in our lifetimes - that the U.S. leader in one of the top industries of the 20th century would sputter into the 21st and end up broken down beside the road, like a car whose owner neglected to heed the "Check engine" light?
Manhattan District Attorney Robert Morgenthau announced this week that his office has indicted 18 people from New York City for operating a bank fraud and identity theft scheme. The scheme resulted in the cashing of more than 1,000 counterfeit checks at several large banks.
It's "tweet" time! Information Security Media Group (ISMG) has just registered with Twitter.com to start providing regular updates to audience members who also are enjoying the tweet life.
OK, so I know some of you out there are still kinda dying to know, but don't dare to ask - what is Twitter?
Individually, banking institutions, law enforcement agencies and regulatory boards understand the risks of money-laundering crimes.
But collectively, in active collaboration, they could do much more to prevent, detect and investigate these crimes, says AML expert Kevin Sullivan.
In an exclusive interview in...
The fraud fight is getting nastier by the minute, say experts familiar with the new schemes - and some old ones with new wrinkles -- being perpetrated by criminals against financial institutions and their customers. Here are 13 of the most prevalent ruses.
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
A federal judicial panel will hear arguments next week on whether to consolidate the class action lawsuits brought against Heartland Payment Systems (HPY) by financial institutions. The Judicial Panel on Multidistrict Litigation in Louisville, KY will hear the arguments next Wednesday, according to Benjamin Johns, one...
OK, so today's the day.
After two months of anxious anticipation, today is May 19, the deadline Visa set for financial institutions to file fraud claims related to the Heartland Payment Systems (HPY) data breach.