A 32-year-old Malaysian man was arrested shortly after his arrival last month at John F. Kennedy airport in New York City. His crime? Hacking into the Cleveland Federal Reserve Bank.
While most Americans spent the summer enjoying the warm weather, Tom Wilkinson and his wife Cheryl spent their summer cleaning up the mess left behind by a phishing attack that cost the Wilkinson's their identities and nearly $40,000.
Mobile banking offers should be about consumer desire and reaching a customer and member base that may have been missed by traditional banking services.
Self-service, enhanced privacy, cloud-based services - these are among the trends that will shape banking over the next decade. What can banking institutions do now to prepare?
A recent rash of targeted phishing schemes -- which included hits to military accountholders and their families at USAA and Navy Federal Credit Union, as well as a separate attack on officials at the World Bank -- has again brought the crime to the fore.
A security firm finds that mobile apps often store sensitive financial data, highlighting the industry's need to implement stronger encryption and authentication measures for mobile banking apps.
Jason Rouse, security consultant, says financial institutions can overcome the mobile security challenges with a little foresight and structured technology.
This week's top news and views: A payments card fraud spree in Seattle prompts a massive investigation; and a Colorado court's decision to overturn an identity-theft conviction for misuse of a Social Security number stirs debate.
A Colorado court's decision to overturn an identity-theft conviction based on the misuse of a stolen Social Security number has stirred debate among identity theft protection advocates.
A spree of payment card fraud incidents at multiple retail locations in Seattle has prompted an investigation by law enforcement authorities. And security experts say these crimes can be expected to happen more frequently as credit/debit card fraud evolves.
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