While the industry is working overtime to catch up to new and emerging fraud trends, it has to remain diligent in its efforts to thwart some long-standing schemes, like check fraud.
How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
Earlier this month, I had the chance to attend RSA Conference 2012, which always reminds me how fluid our industry is, and how important it is to stay educated and abreast of change.
U.S. and Estonian authorities have broken up one of the largest Internet crime schemes that allegedly netted $14 million in fraudulent advertising fees and infected 4 million computers in 100 countries.
The statement mailing error that affected thousands of Wells customers easily could have been avoided. The mishap is pretty easy to pinpoint: Checks and balances, no pun intended, were not in effect.
Nearly four years ago, Capital One Bank set out to integrate its fraud detection and anti-money laundering platforms. Today, the institution has some impressive results and savings to share.
The disruption of text messaging and Web browsing for BlackBerry customers opens up issues of company transparency and business continuity. How should the company have responded?
Don't be too fast to blame Research In Motion for the disruption in BlackBerry service if your organization suffered from the lack of e-mail exchanges. It could be partly your fault, too, says noted infosec lawyer Francoise Gilbert.
As employers increasingly realize the importance of information risk management, security, audit and governance, they look to certifications to identify prospective employees.
RSA Chief Executive Art Coviello challenged a widespread belief that cybersecurity awareness could curb cyberthreats: "There's no amount of consumer education to make them smart enough to resist attacks. They're just too sophisticated."
The nascent field of cyber intelligence addresses threats that originate anonymously within cyberspace with potentially enormous consequences: physical destruction and economic chaos.
Corporate account takeover events are reigniting the debate between banks and their former commercial customers, about everything from fraud liability and the "good faith" standard to commercially reasonable security.
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