Banking institutions and payments processors are on heightened alert after notification from Visa that a criminal group plans to execute a large, fraudulent batch settlement scheme.
With the recent sentencing of the last of Albert Gonzalez' co-conspirators in the TJX and Heartland data breaches, a long, hard criminal investigation comes to a close.
Now the banking industry is fighting back with a series of public initiatives designed to raise awareness and share tips about how to detect and deter corporate account takeover.
The following recommendations were developed by the FS-ISAC and NACHA for business customers that want to protect their online banking credentials and strengthen ACH and wire security procedures.
A proposed settlement of the consumer class action suit brought against payments processor Heartland Payments System got preliminary approval from a U.S. District Court judge in late April.
Interview with Larry Marik, New Chair of the Nebraska Bankers Association
There is a sense that Congress soon will pass historic banking regulatory reforms - and soon after, community banking institutions will start to feel the impact.
"Community banks were not the problem, but community banks will be part of...
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