Since the summer of 2009, financial institutions and their corporate customers have been defrauded by increased incidents of account takeover. These incidents have pitted banks and customers against one another in court, and they were a key impetus behind the release of the new FFIEC Authentication Guidance. So, how...
Layered security is one of the core tenets of the new FFIEC Authentication Guidance - and it's perhaps the most effective strategy for detecting and preventing banking fraud schemes. But what are some of today's most mature approaches to layered security, and how are banking institutions employing them to detect and...
"Today's risk management professionals really need to take a strategic view of managing risk to be relevant in achieving the organization's expected outcome," says Philip Alexander of Wells Fargo Bank.
2011 is the 20th anniversary of the RSA Conference, and the theme is "Giants Among Us," celebrating the luminaries who founded information security.
Here at ISMG, we've been around for about one-quarter of RSA's annual events, and we easily could declare 2011's theme as "Giant Challenges to Tackle." From the...
When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
How should the United States respond as global competitors expand their influence over the Internet and build cyber capabilities? An analysis of the Internet in 2020 shows that the United States must develop a strategy that focuses on more than technology to retain its cyberpower status. Read this white paper and...
Good start, but we've still got a long way to go. This statement sums up industry experts' reactions to the two cyber fraud advisories issued this week to help organizations prevent ACH fraud and other crimes.
Two weeks after authorities on two continents arrested cyber criminals linked to the Zeus malware, Microsoft has added the infamous Trojan's signature to one of its best removal tools in an effort to hunt down infected machines.
Interview with Kim Peretti of Pricewaterhouse Coopers: Are the courts taking a more severe sentencing approach to cybercrimes related to identity theft?
Ghosts of Crimes Past and Present Will Haunt the Future of Banking Institutions and Customers
"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 hit from every angle with...
From ATM skimming to the Zeus malware, credit and debit cards are under increased attack by fraudsters, and organizations need to step up their efforts to protect their customers - and themselves. What steps can you take to avoid being the next payment card fraud victim?
Join Kimberly Peretti, former senior...
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