More than 5,000 customer records from 40 international financial institutions were discovered last month on a computer server in Malaysia.
Dubbed a "crime server" by Finjan, the information security vendor that discovered it, this machine held more than 1.4 gigabytes of business and personal data stolen from...
Arizona Central Credit Union of Phoenix, AZ., was hit with a phishing attack via text message to its members in March. While the attack was distributed on a small scale and didn't have much impact, the incident did roust the credit union staff into quick action.
Sadly, such incidents are a familiar...
One midwestern credit union (which prefers to remain anonymous), with nearly $200 million in assets and more than 30,000 members, has been phished four times -- the most recent in 2006, with three of those incidents occurring within a 90-day period.
So what do you do if your financial institution's brand is...
Learn about the latest findings on the impact of identity fraud on your financial institution and your customers:
Why banking customers are shying away from the online banking channel
How stolen identities are used to defraud your customers and damage your brand
Which banking channels are most vulnerable to...
The best offense is a good defense, especially when it comes to fighting criminal hackers.
Dr. Markus Jakobsson, principal scientist at Palo Alto Research Center and an adjunct associate professor at Indiana University, and Zulfikar Ramzan, a Senior Principal Researcher in the Advanced Threat Research Group at...
From Second Life to former NY Gov. Eliot Spitzer, anti-money laundering has dominated the news in 2008. To gain new insights in the latest trends, threats and solutions, we interviewed veteran AML investigator Kevin Sullivan on:
What's new in BSA compliance;
How AML has evolved over the past decade;
What's most...
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco this week.
From the keynote stage to the expo floor, with stops in between at the program sessions, information security experts, vendors and...
When Michael Barrett, CISO of PayPal, joined the company two years ago, he asked how senior leaders were fighting the phishing problem.
"Technically, we don't have a phishing problem," he was told.
Yes, scores of PayPal customers were inundated daily with fake emails attempting to lure them to fake websites,...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
Over 50% of all active phishing URLs are a result of the Rock Phish Gang
The Rock Phish Gang is not your average group of phishers, but a sophisticated international crime syndicate with superior IT skills. Responsible for over $100M in fraud losses per year, the Rock Phish Gang presents a formidable twist on the...
As U.S. citizens scramble to get their financial affairs in order before the April 15th federal tax return deadline, fraudsters are readying to take full advantage with scams of all shapes and sizes.
To help taxpayers muddle unscathed through this season's onslaught, the Internal Revenue Service (IRS) just issued...
Identity theft can sometimes go unnoticed if the theft is small, or it can cost consumers tens of thousands of dollars and ruin credit scores for years. Below is information about identity protection to help reduce the risk of identity theft.
Your complaint is an essential resource for local, state, and federal law enforcement officials. Law enforcers review consumer complaints to spot trends and build cases against hackers, identity thieves, and scam artists.
Here's how to file a complaint about various types of Internet-related problems.
Have you received email with a similar message? It's a scam called "phishing" - and it involves Internet fraudsters who send spam or pop-up messages to lure personal information (credit card numbers, bank account information, Social Security number, passwords, or other sensitive information) from unsuspecting victims.
It's important to protect your personal information, and to take certain steps quickly to minimize the potential damage from identity theft if your information is accidentally disclosed or deliberately stolen.
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