The Paul Allen card breach reiterates a concern financial fraud experts have been screaming about for years: Socially-engineered schemes that compromise employees. So, what can institutions do about them?
While Microsoft's move to take down Zeus malware-related botnets is touted as a unique approach to fight financial fraud, some industry experts question its long-term viability. What are their concerns?
"Many financial institutions have watched for years as cybercrime has escalated, and now we are shutting it down," says Greg Garcia, describing Operation B71 and how it's helping combat ACH/wire and other forms of fraud.