A missing laptop may have caused a security breach at Flagstar Bank in Grand Rapids, MI, according to a letter the bank sent to some of its customers on Nov. 25.
The bank's letter tells customers that a laptop owned by an unidentified bank vendor was stolen and held an undisclosed number of customer social security...
Banking customers in three additional states have received bogus text messages purporting to be from their institutions.
As part a growing wave of similar phishing attempts throughout the nation, customers in Cincinnati, Ohio, St. Louis, Missouri and Lewiston, Idaho last week reported receiving text messages...
Three ATM skimming operations in Maryland, Illinois and Georgia have netted thieves more than $120,000, according to law enforcement agencies investigating the crimes. These discoveries follow several recent incidents of ATM skimming in other states.
For the second time in recent months, bank customers have been sent phishing emails purporting to be from the Federal Deposit Insurance Corp. (FDIC).
Residents in Palo Alto County, IA area have been warned by their banks of the email scam. The FDIC also on Thursday sent out an alert about the scam to all security...
Tis the season, indeed.
As December starts, already I'm talking with thought-leaders about what the world of information security might look like in 2010.
There are a number of new regulatory compliance and security initiatives that mean changes for financial institutions.
But do these changes also open the doors to potential fraudsters?
Kris VanBeek, SVP of Information Systems at Digital Federal Credit Union, discusses:
How some of these changes might attract...
A group of seven restaurants in Louisiana and Mississippi has filed a class action lawsuit against point-of-sale vendor Radiant Systems and its distributor Computer World.
The suit claims that hundreds of customers had their identities stolen because the restaurants were sold payments terminals that were not PCI-DSS...
A fourth state has been linked to the recent fraud associated with national retailer Hancock Fabrics.
An Oklahoma-based bank reported it had to replace 1,000 cards last week because of fraud linked to Hancock stores, according to Elaine Dodd, vice president of the Oklahoma Bankers Association Fraud Division. The...
Twitter, Facebook and LinkedIn are among the top social media sites on the Internet - and they're all part of a new movement of immediate, instantaneous communication among an organization's employees and with its customers.
In the blink of an eye - or at the speed of a tweet -- people around the globe can send...
When it comes to protecting their customers' identities, how do the major banking institutions rate?
Javelin Strategy & Research has just released a new Banking Identity Safety Scorecard that ranks the major institutions. In an exclusive interview about the report, James Van Dyke discusses:
How the scorecard...
You know "Black Friday" - the day after Thanksgiving, when holiday shoppers flood the brick-and-mortar stores.
But do you recall "Cyber Monday" - the Monday after Thanksgiving - the most famous online shopping day of all?
Educating consumers is key to identity theft prevention. Here are some best practices for...
Allan Bachman has fought fraud since the early 1970s, and he's seen the crimes evolve in both sophistication and scale.
In an exclusive interview, Bachman, Education Manager for the Association of Certified Fraud Examiners (ACFE), discusses:
The evolution of fraud schemes;
The most common types of fraud seen...
OK, it's Tuesday before Thanksgiving, and we're all starting to think ahead to a long holiday weekend and then the quick windup to the Christmas/New Year's break. Hate to say it, but 2010 is all but here.
Bank customers in California, Wisconsin and Missouri are reporting fraudulent ATM withdrawals that police say are tied to transactions conducted with the Hancock Fabrics retail chain.
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