The tale of a close call with a phishing attack illustrates why educating consumers and businesses about online security risks plays a critical role in the fight against fraud.
Most bankers doubt that big technology investments will reduce fraud, according to the 2012 Faces of Fraud survey. Why don't they believe technology is the answer?
Global Payments' public response to the data breach that exposed card data on 1.5 million debit and credit accounts has, frankly, raised more questions than offered answers.
The Paul Allen card breach reiterates a concern financial fraud experts have been screaming about for years: Socially-engineered schemes that compromise employees. So, what can institutions do about them?
ATM skimming is a growing global problem, despite steps taken in Europe and other markets to curb attacks on credit and debit cards. Why are we seeing increased fraud losses in these markets?
Customer awareness is important, especially as a fraud detection/prevention tool. Read how one sharp-eyed UPS driver recently helped foil an ATM skimming scam at a bank in New York.
Increased use of mobile devices and social networking sites is feeding ID theft and fraud. What is the risky behavior that is to blame for the rise in ID fraud? A new study sheds light.
What are the top two fraud schemes hitting banks and credits unions the hardest? The early responses from our ongoing 2012 Faces of Fraud Survey just might surprise you.
Up to now, banks and business have not paid much attention to hacktivists. But that's got to change. In fact, cybersecurity threats waged by hacktivists pose increasing concern.
Spear phishing, or targeted phishing, schemes are the industry's most concerning trend, according to a new report from the APWG. So, what can we do to curb phishing attacks? Executives at BITS and FS-ISAC have a new idea.
U.S. banking institutions could learn a great deal about incident response from how one Singapore bank recently responded to a data breach with customer alerts, and even an apology from the CEO.
The insider poses one of the greatest and most damaging security risks any organization faces. So why do so many businesses and institutions fail when it comes to addressing this most obvious security risk?
As U.S. banking institutions work to conform with the FFIEC Authentication Guidance, are they now doing better jobs of detecting and preventing incidents of ACH and wire fraud?
In their efforts to enforce security layers and multifactor authentication, are banks and credit unions still missing a core problem - the real vulnerabilities fraudsters are banking on?
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