The extradition to the U.S. of one of the alleged ringleaders of the RBS WorldPay data breach represents a "huge turnaround" in cross-border fraud investigations, one security expert says.
FDIC's Michael Benardo: Online crimes are increasing in complexity and reach, but they represent only a portion of fraud that banking institutions will face over the next 18 months.
"Not having the technical expertise, you rely on the manufacturer to help you with something like this - to stay one step ahead of these problems." - Lilia Rojo, SCE Federal Credit Union
The Wakulla County, Fla. Sheriff's Office has arrested two men for involvement in what's described as "a massive scheme" to defraud thousands of victims across the United States via identity theft.
The arrests of two men in Florida on multiple identity theft charges represent "just the tip of the iceberg" in payment card crimes against merchants and consumers across the U.S., according to law enforcement officials.
A report published by Gartner Research places emphasis on another use for mobile technology in the financial transaction chain - as a security layer for user authentication via global positioning.
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