It's a never-ending battle -- the list of naughty and downright evil security threats that challenge financial institutions and security professionals.
From organized crime to SQL injection, here are the experts' choices of eight major security threats to watch in 2010.
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
The top breaches of 2009 can be described in many ways, but the first word that comes to mind is "big."
With the announcement in January of the breach that surpassed the 2005 TJX breach, Heartland Payment Systems leads all of the hacks that hit or affected the financial services industry in 2009.
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...
A computer technician has been indicted in New York Supreme Court, charged with stealing the identities of more than 150 Bank of New York Mellon employees and using them to steal more than $1.1 million from charities, non-profit groups and other entities.
Adeniyi Adeyemi, a 27-year-old man from Brooklyn, was...
It doesn't surprise me to hear that even top law enforcement officials don't bank online because they almost fell for a phisher's line of "Your bank account has been compromised, click here to reset your password..."
Interview with Shirley Inscoe and BC Krishna, Authors of Insidious: How Trusted Employees Steal Millions and Why It's so Hard for Banks to Stop Them
Insider fraud has always been a risk for banking institutions, but this risk has only grown in the past year. And so has the size of the crimes.
Shirley Inscoe and...
As summer draws to an end, schools reopen and Labor Day arrives, there's something else that everyone is looking to return: the H1N1 flu virus. U.S. organizations handled the so-called swine flu virus spread in the spring, but now is the time to ask: Are you and your staff ready for its return?
There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions - up from 34 at this same time last year.
In reviewing these 46 incidents (see interactive map w/details of each breach), one finds goods news and...
TJX. Hannaford. Heartland. Those are the names we all know, the famous fraud stories we all can recite by heart.
But who knows about Unique Industrial Product Co., a Sugar Land, Tex.-based company that lost $1.2 million to fraudsters this last April?
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...