In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
Mobile attacks are on the rise, and banking institutions need stronger authentication and better defenses against out-of-band compromises. But what else should banks be doing in 2013? Experts weigh in.
Peer-to-peer, near-field communications and barcode scans are revolutionizing mobile payments. What unique risks do these emerging technologies pose to banking institutions? Two FDIC executives offer insights.
Curbing pay-at-the-pump card skimming attacks is daunting, and incident tracking is to blame. But a new initiative spearheaded by the oil industry and card issuers raises the bar for information sharing.
Credit and debit fraud is growing, and that uptick is leading to the loss of customers for issuing banks. But a new global study finds consumers want to work more with institutions to detect and prevent fraud.
Accelerated interest in mobile payments is paving the way for new revenue streams. But Javelin's Alphonse Pascual says mobile security products, not payments technology, will reap the most rewards for banks.