Two new insider fraud cases showcase the challenges organizations face to detect and prevent crimes by trusted employees. "You need IT controls, but you need more than IT," says researcher Randy Trzeciak.
The answer seems obvious, especially in the context of IT security and information risk. Yet, is it, especially when developing codes and standards, as well as funding research and development initiatives that involve taxpayer money?
A growing concern for enterprises is ensuring the integrity of the computer products they buy. What steps need to be taken to vet a product's reliability? Gartner Fellow Neil MacDonald explains.
Former FBI cyber unit chief Tim Ryan sees mounting dangers from the insider, acknowledging undiscerning employees who don't follow proper processes can cause devastation. But he says the actions of those with malicious intent can be more catastrophic.
Customers of Bank of America, Citibank and the former Washington Mutual Bank were taken for millions as part of an ID theft and bank fraud scheme run for nearly six years from a California prison.
When managers commit financial fraud, their schemes tend to cost organizations twice as much as when non-managers instigate these crimes. That's one key finding of a new insider fraud study.
Which employees are most apt to commit cyberfraud, and how can organizations detect and prevent their crimes? Researcher Randy Trzeciak shares insights and tips from a new insider threat study.
Insider fraud schemes at three banks in Minnesota, Texas and California illustrate just how difficult it is for institutions to thwart inside jobs. So what steps should banks take to mitigate their risk?
Gary Foster, a former vice president in Citigroup's treasury finance department, has been sentenced to 97 months for a bank fraud scheme that spanned nearly eight years. Was the sentence tough enough?
Occupational fraud is quite possibly the largest form of fraud, says John Warren of the ACFE. So how can organizations spot the potential fraudsters and prevent their crimes? Warren shares insights.
An attorney, mortgage broker, loan processor and loan originator have been indicted for the roles they allegedly played in a fraud scheme involving at least 35 mortgage loans worth more than $16.2 million.
A former PNC Bank manager has pleaded guilty to bank theft - a charge that could lead to 10 years in prison and a $250,000 fine. What common security flaws allow such insider schemes to flourish?
Do banks and credit unions use all the data they collect? One credit reporting bureau says they could be doing more with their data to track and prevent fraud.
In Georgia, a man has pleaded guilty for his role in a $1.3 million phishing scheme. How did Bank of America and Chase help law enforcement agencies crack this alleged international fraud ring?
The latest spin on the insider threat: malicious outsiders taking advantage of inadvertent insiders, says Dawn Cappelli of Carnegie Mellon University. Learn how to detect and prevent these attacks.
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