A new precedent in ACH and wire fraud liability could be set if Choice Escrow is successful in its appeal to have a lower court's ruling overturned. Legal experts explain why this could prove to be the new benchmark.
Misconfigured firewalls aren't necessarily a result of technical issues. Often, there are business or staff issues that can be easily addressed to improve security. Jerry Skurla of FireMon explains how.
Former federal banking examiner Amy McHugh says banks can learn a lot from recent legal decisions and settlements in account takeover cases, including which authentication and online-banking security investments they should make.
State-sponsored attacks are up significantly, so organizations need to rely on new, stronger controls to ward off advanced threats. John Gordineer of Dell SonicWALL discusses the role of next-generation firewalls.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.