The number of identity fraud victims increased 12 percent to 11.1 million people in 2009 -- the second consecutive annual increase. At the same time, the total amount of fraud also increased by 12.5 percent to $54 billion.
These are the headlines of the newly-released 2010 Identity Fraud Study by Javelin Strategy &...
Officials in the Town of Poughkeepsie, NY report a computer hacker broke into the town's bank account and stole $378,000 in municipal funds.
Poughkeepsie Supervisor Patricia Myers announced on Feb. 2 that the money was transferred to banks in Ukraine after someone broke into the town's TD Bank account in Jan.
Interview with James Van Dyke of Javelin Strategy & Research
Identity fraud crimes expanded at a 12% rate in 2009. What can we expect to see in 2010?
Javelin Strategy & Research is out with its latest Identity Fraud Study. For insight on the study results and what they mean to organizations across industry,...
What are the top fraud trends facing financial institutions in 2010?
Gartner's Avivah Litan shares her insights in an exclusive interview with Information Security Media Group's Linda McGlasson, discussing:
Increased number of attacks on strong authentication;
How to handle ACH fraud;
The biggest security...
What's the cost of a data breach?
The Ponemon Institute is out with its 5th annual "Cost of a Data Breach" study, and in an exclusive interview Dr. Larry Ponemon discusses:
The current cost of a data breach - and how it's risen since 2009;
Data breach trends across industry;
What organizations should do to...
The latest report from the Anti Phishing Working Group paints a distressing picture for anyone doing transactions online, says Dave Jevans, Chairman of the APWG.
All phishing numbers are on the rise. The number of unique phishing reports submitted to APWG for the third quarter of 2009 reached a record 40,621 in...
When it comes to protecting their customers' identities, how do the major banking institutions rate?
Javelin Strategy & Research has just released a new Banking Identity Safety Scorecard that ranks the major institutions. In an exclusive interview about the report, James Van Dyke discusses:
How the scorecard was...
While most people are planning time off from work over the holidays, criminals are working overtime this season on new scams to steal personal data.
The latest fraud schemes come from Connecticut, Hawaii and Oklahoma.
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
OK, it's year-end and everybody is thinking about the biggest this, biggest that of the year - of the decade, even. And we'll have our own lists, too, no worries. There's a lot to look back upon this year, and even more to look forward to in 2010.
But what are on my mind today are the big stories that no one seems...
"Give us your broke, your desperate, your unemployed." This is the tacit plea from fraudsters seeking to lure new "money mules" to enable their money-laundering schemes.
And the recruitment effort is working to the point that the Federal Deposit Insurance Corporation (FDIC) last week issued an alert to financial...