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?
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.
To mitigate the top threats for 2013, organizations need to understand the motivations of potential attackers so they can adequately defend their networks and systems. Experts describe risk management strategies for the year ahead.
The answer seems obvious, especially in the context of IT security and information risk. Yet, is it, especially when developing codes and standards, as well as funding research and development initiatives that involve taxpayer money?
Karen Scarfone, who coauthored NIST's encryption guidance, sort of figured out why many organizations don't encrypt sensitive data when they should. The reason: they do not believe they are required to do so.
As the recent PATCO case shows, fraud litigation is moving away from just establishing damages. The key legal question now is: What is reasonable security? Attorneys discuss the 2013 fraud legal landscape.
The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.
Absent a uniform method, the NIST interagency report investigates credential revocation, focusing on identifying missing requirements, and suggests a model for credential reliability and revocation services that addresses those missing requirements.
The PATCO fraud dispute could have been settled in 2009, says co-owner Mark Patterson. Why did the case drag on, and what can banking institutions and fraud victims learn from PATCO's recent settlement?