Think you know how you should communicate with your customer? What about when there is some suspicious activity on their account - how do you reach out to them? And when?
In the wake of lawsuits over "reasonable security," business and bank advocates are at odds over whether federal regulations should be amended to enhance commercial protection.
Mike Urban, senior director of Fraud Solutions at FICO, offers his observations on how institutions and customers can fight back against the risks of online fraud.
Payment cards, ACH, ATM - these are the forms of fraud that have made the biggest news so far in 2010. But there's another variation preying upon banking institutions, too.
The attorney for Plano, TX-based Hillary Machinery accuses PlainsCapital Bank of "dodging and weaving" around the fundamental issue of reasonable security.
Interview with Mike Urban, Sr. Director, FICO
Financial institutions and their customers are experiencing a frightening range of fraud scams. Where are their greatest risks?
Mike Urban, Senior Director of Global Fraud Solutions at FICO, discusses:
Today's top trends;
Where organizations are most...
When it comes to protecting your organization and your customers from a data breach, what is considered "reasonable security?"
This question is at the center of several ongoing lawsuits, and how the courts answer it may be one of the biggest stories of 2010.
Shedding light on this hot topic is David Navetta,...
Recent ACH fraud schemes aren't just siphoning money from business banking accounts - they're eroding the trust relationship between small-to-midsize businesses and their banking institutions.
What a difference a year makes.
Almost exactly one year ago, I interviewed Charles Antonucci Sr., CEO of Park Avenue Bank. His institution was in the news because it withdrew its application for federal Troubled Asset Relief Plan (TARP) funds.
Last Friday, Park Avenue Bank was closed.
A cyber security advisory issued last Friday from government and private security groups highlights the growing threat of fraudulent wire transfers from businesses and government entities to overseas hackers.
Hillary Machinery Inc., the Texas-based manufacturer that was sued by its bank over a fraud-related dispute, announced this week that it's moved its accounts to a new institution.
Online fraud schemes and malware are casting an even wider net, far beyond the large national banks and well-known retailers, as phishers seek new victims.
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