A Texas man this week pled guilty to defrauding three Texas banks of more than one million dollars.
Jeff Woodard, 48, of Harlingen, Texas, pled guilty to one count of bank fraud, admitting he operated a check kiting scheme involving four bank accounts held in the names of several of his former businesses.
Interview with James Van Dyke of Javelin Strategy & Research
Identity fraud crimes expanded at a 12% rate in 2009. What can we expect to see in 2010?
Javelin Strategy & Research is out with its latest Identity Fraud Study. For insight on the study results and what they mean to organizations across industry,...
Dena Haritos Tsamitis has an ambitious goal for the year: to improve cyber awareness among 10 million people globally.
The Director of Education, Training and Outreach at Carnegie Mellon University's CyLab, Dena discusses:
The cyber awareness challenge among people of all ages;
Effective techniques for...
What are the top fraud trends facing financial institutions in 2010?
Gartner's Avivah Litan shares her insights in an exclusive interview with Information Security Media Group's Linda McGlasson, discussing:
Increased number of attacks on strong authentication;
How to handle ACH fraud;
The biggest security...
I'm excited about today's launch of the 2010 Banking Information Security Today Survey, and you should be, too.
Think about it: Identity theft, fraud, regulatory compliance, vendor management, security awareness, risk management, privacy. These topics have no industry loyalty; they're common to all public and...
Passwords are the bane of my existence -- probably yours, too. In order to be a good, secure, computer and Internet user, ideally I should have a different password for every single application I use, website I register to, and place I visit on the Internet. I frequently have at least 10 to 15 different passwords and...
What's the cost of a data breach?
The Ponemon Institute is out with its 5th annual "Cost of a Data Breach" study, and in an exclusive interview Dr. Larry Ponemon discusses:
The current cost of a data breach - and how it's risen since 2009;
Data breach trends across industry;
What organizations should do to...
The U.S. Secret Service has broken up an alleged ring of ATM skimmers in Massachusetts, announcing the arrests of three suspects -- including one man who was in possession of nearly $100,000 when he was arrested.
Add four more states to the list of those whose banking customers are being struck by telephone-based phishing attacks.
Financial institutions in Michigan, Wisconsin, Minnesota and Mississippi report being hit by these "vishing" attacks in the past two weeks. Five different institutions -- three credit unions and...
The American Bankers Association is the latest group to be used by hackers to try and spread malware.
Other well-known names in the industry have been used as bait in phishing emails, including the FDIC, US Treasury, Internal Revenue Service and many financial institutions. The ABA issued an alert to its members.
The Payment Cards Center of the Federal Reserve Bank of Philadelphia has published "Heartland Payment Systems: Lessons Learned from a Data Breach," a discussion paper on the Heartland Payment Systems breach.
The paper is a summation of a workshop held in August 2009 at the Philadelphia FRB, where Heartland CEO Bob...