When it comes to fraud prevention, things are going to be different in 2011. It's clear that fraud in the United States has reached a tipping point, and financial institutions are at the center of it all.
What a difference a year makes.
Almost exactly one year ago, I interviewed Charles Antonucci Sr., CEO of Park Avenue Bank. His institution was in the news because it withdrew its application for federal Troubled Asset Relief Plan (TARP) funds.
Last Friday, Park Avenue Bank was closed.
Spring is the season for the phishers to come and try to take advantage of to the unsuspecting public in the form of official-looking emails talking of tax refunds, as well as claims that the government has money waiting for them.
This is the last thing you'd want during the holiday season.
I lost my purse at a local movie theater recently, and within a couple hours realized my loss. Nervously, I rushed to the customer service department, all the while hoping to get my grey tote bag handed safely from underneath the counter.