The FS-ISAC's decision to increase the U.S. banking industry's cyberthreat level from "elevated" to "high" is way overdue, Aite's Julie McNelley and other experts say. Here's how banking institutions should enhance security.
If banks have made good-faith efforts to conform to the FFIEC Authentication Guidance, then examiners may cut them some slack, says regulator William Henley, who explains the FDIC's approach.
U.S. banking institutions are making solid progress to conform to the FFIEC Authentication Guidance, says William Henley of the FDIC. So, how are examiners responding to banks' good-faith efforts?
Labeling it "a very close call," a U.S. district court has rejected a Mississippi bank's bid to have a former customer held liable for losses, damages and legal costs in an ACH and wire fraud case.
Preparing for an exam to assess FFIEC Authentication Guidance conformance can be daunting. But according to one bank's experience, it doesn't have to be. What words of advice does this institution share?
More malware attacks fueled by Citadel and Reveton are getting attention from federal authorities, which say banking institutions and consumers should be on high alert. What can institutions do to mitigate emerging malware risks?
The financial industry is pushing for .bank, one of many new top-level domains being pitched to ICANN. But how is this new domain-naming system expected to help banking institutions curb fraud?
Seven people have been accused by Michigan authorities of pulling off a unique account takeover scheme that targeted Bank of America and involved nearly $360,000 in fraudulent funds transfers.
Where are banks and credit unions making their biggest investments to fight fraud? See what banking executives and others have to say about emerging trends.
High Roller malware attacks are the latest potential threats that point toward the need for layered security controls. What advice do banking/security leaders offer for responding to these attacks?
Banking institutions are making technology strides to fight fraud. But how will emerging channels and services, such as mobile payments, impact these investments?
Banking institutions are focusing on risk assessments. But what other steps are they taking to conform to the FFIEC Authentication Guidance? The ABA's Doug Johnson shares what he hears from banks.
A small point-of-sale attack in Kentucky points to a larger fraud trend impacting banks and customers. What are "micro attacks," and how can institutions help prevent and detect them?
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
The recent settlement announced by Village View Escrow and Professional Business Bank offers key insights into how incidents of fraud resulting from account takeover might be handled in the future.
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