Securing data in the public cloud isn't much different from other types of IT security. "It's the same advice we give for almost any deployment of IT because it is still the right thing to do," NIST Senior Computer Scientist Tim Grance says.
Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.
A top concern for most financial institutions is how to add new members and strengthen current customer loyalty, especially when faced with competition from larger institutions and behemoths like Walmart. Read about how Altra Credit Union differentiated themselves with exceptional customer value, and increased their...
From payment cards to checks, ACH transactions to phishing, there's no question that fraudsters have waged war on banks. And now the institutions are fighting back.
NACHA's CEO says ACH-related fraud is often over-hyped, and occurs far less often than check- and payment card-related fraud. But when corporate accounts are breached, fraudulent ACH transactions lead to big financial losses.
From making payments online to depositing checks via iPhones and communicating through Facebook, financial institutions have introduced many new services to make their customers' lives easier. To maximize the impact of trends such as mobility and social media while minimizing their risk, institutions must be...
The Experi-Metal Inc. vs. Comerica Bank case is just one of several high-profile incidents of corporate account takeover -- but it's the first to finally head to court.
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