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 was...
While most people are planning time off from work over the holidays, criminals are working overtime this season on new scams to steal personal data.
The latest fraud schemes come from Connecticut, Hawaii and Oklahoma.
"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.
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...
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...