From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar.
What does next year hold for fraud against financial institutions? Here are 10...
I just concluded a strange twenty-four hour period as relates to current events.
It started on Monday evening, when I read an Associated Press story online about how the Bush administration ignored the developing problems in the financial markets.
I'm excited about the news we're announcing today re: opening access to all of the articles on our site.
With more people able to view our stories w/o first having to register or log in, that will enable more opportunities for folks to comment on our stories, which then fuels one of my favorite parts of this job:...
What better time to be discussing identity theft?
It's Cyber Monday today - the day designated as the official start of the online holiday shopping season - and if we've learned anything in recent weeks, it's that tough economic times heighten the risk of crimes such as identity theft. So, now is a great time to...
As wild as the end of 2008 has been, I can't get my mind off 2009.
This is because I'm just now helping to put the finishing touches on our annual State of Banking Information Security survey, which helps us take the pulse of the banking/security community, so we can gauge the priorities for the year ahead.
Last...
OK, so first came the subprime mortgage debacle, and it was bad.
Then came the global credit crunch, and it was worse.
Reading the economic tea leaves, the feds in October swept in with a $700 billion economic relief package designed to bail out some of the nation's troubled financial institutions. So, then we...
The crime of deception is now even more deceptive.
Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.
In this exclusive interview, security expert Diana...
Insider threat is a growing criminal activity, and given economic conditions there is a high risk of this fraud occurring -- especially in the event of banks merging, being acquired and employees being laid off.
What steps can financial institutions take to safeguard themselves from the insider threat? To fully...
Hard to believe that November 1 is already upon us, bringing the onset of the Identity Theft Red Flags Rule compliance. We've been reading about and discussing it for so long that it almost seemed as if though it would always remain six months away, but even a watched regulation eventually transitions into effect. ...
The crime of deception is now even more deceptive.
Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.
In this exclusive interview, security expert Diana...
I just have to chuckle sometimes when I read headlines like the one that appeared recently - 'Dark Market' Takedown: Exclusive Cyber Club for Crooks Exposed.
It seems that the FBI is getting pretty clever at "blending" into the cyber criminal world. A tip of the hat goes to Shawn Henry, the FBI Cyber Division...
The World Bank, an internationally-supported institution that provides loans to developing countries, is reported to have suffered a network intrusion that one insider labeled "an unprecedented crisis."
The breach, first reported by Fox News, alleges that servers in the Washington, D.C.-based bank's treasury unit...
Customer confidence - everyone from the President of the United States to the chairman of the community bank has an opinion about it and how it's suffered in the wake of recent economic events.
But how deep is this confidence crisis, and what exactly are banking institutions doing - if anything - to battle...
In discussing our current banking crisis with a colleague earlier this week, I was surprised by the level of cynicism he displayed towards the regulatory agencies and their efforts to govern the institutions they oversee. He's a practitioner like me, and I'd always thought of him as being of an equal mind on such...
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