So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
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.
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.
FS-ISAC says it aims to demystify cyberthreats by collaborating with a cyber-intelligence firm to provide financial institutions with real-world statistics and information about the industry's latest attack trends.
Authorities have shuttered a digital currency service allegedly used to launder funds stolen in a $45 million ATM cash-out scheme exposed earlier this month. Learn why experts say lax laws paved the way for the fraud.
A recent spear-phishing attack involving a Trojan designed to target Android devices offers an important reminder of the emerging threat of mobile malware, says Kaspersky Lab researcher Kurt Baumgartner.