The FDIC-related vishing scam is but one in a number of targeted vishing attacks reported in recent months - a reflection of the growing sophistication of the criminals who perpetrate socially engineered schemes.
California's Financial Abuse Reporting Act, SB 1018, which requires employees of banks and credit unions to report suspected financial elder abuse, recently saved some seniors in the San Jose area a lot of financial loss.
A review of this with week's top stories by managing editor Tracy Kitten: California Eyes Stronger Privacy Law; IBM Expert Offers Views on Top Security Trends and Fraud Risks.
FDIC's Michael Benardo: Online crimes are increasing in complexity and reach, but they represent only a portion of fraud that banking institutions will face over the next 18 months.
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