The U.S. Treasury has officially launched new sanctions against organized crime. What role do banks and credit unions have to play in this fight? Fraud experts at Ernst & Young offer insights.
Integrating fraud-detection and AML systems not only has helped First Hawaiian Bank track fraud patterns. It also has helped the institution comply with new regulatory requirements. Here's how.
Which top three security worries should security leaders at banks and credit unions focus on? Joe Rogalski of First Niagara Bank says some old and new fraud schemes top the list.
The FFIEC Authentication Guidance update has been in circulation since mid-2011. But as banking examiners begin testing for conformance, we find:
Only 11% of surveyed institutions have come into conformance since the guidance was issued;
Nearly 30% don't fully understand the guidance;
88% do not believe the...
Banking institutions have fought phishing and ACH fraud, but increasingly fraudsters are exploiting call centers. Where are the vulnerabilities and how can institutions fight back?
Unmistakably, the release of the FFIEC supplement was the result of an increasingly hostile online banking environment created by the introduction of advanced malware. To effectively comply with FFIEC guidelines, financial organizations need to select a solution that is able to provide real-time threat intelligence...
The Texas Department of Banking has partnered with the U.S. Secret Service to help banking institutions prevent ACH/wire fraud. What are this new task force's key recommendations?
Detectives have arrested seven suspects and seek 13 more in an ATM skimming investigation involving hundreds of credit and debit cards compromised in parts of Canada, the U.S., Australia and Indonesia.
Skimming is a problem, but it's not the top card fraud scheme. Which incidents does the U.S. Secret Service see most often striking networks and POS systems? One agent shares his insights.
In the PATCO Construction fraud case, attorney David Navetta says the court failed to address two key concerns: reasonable security and good faith. What's next in PATCO's ongoing legal battle?
How effective will the Domain-based Message Authentication, Reporting & Conformance initiative be at curbing phishing attacks? Security experts at RSA Conference 2012 weigh in.
Incidents of card data exposure, such as Citibank's recent online breach, get regulators' attention. And sources say banking examiners are increasingly asking tougher questions about the protection of consumer data.
Banking regulators have begun examining institutions for conformance to the FFIEC Authentication Guidance. What gaps have they found? Terry Austin of Guardian Analytics offers insight and security tips.
Cybercrime has evolved to become a global business - except fraudsters are looking not for return on investment, but return on hacking, says Sam Curry of RSA. How can organizations respond?
Today's cyber-culture causes financial institutions to rely heavily on the use of electronic information, which can be a gold mine for hackers. Malicious individuals are constantly searching for security vulnerabilities and weaknesses to gain access to electronic information. Are you taking the proper steps to protect...
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