A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.
At $1.5 million, it's one of the largest account takeover incidents on record. Attorneys review the Efficient Services Escrow case and ask who will be held responsible - the customer or the bank?
Moscow-based cyber-intelligence firm Group-IB is working with INTERPOL to monitor and track online criminals. The purpose: to take down botnets throughout the world.
What struggles do smaller financial institutions face when it comes to implementing anomaly detection practices and procedures? Former federal banking examiner Amy McHugh offers insight.
What are the emerging security vulnerabilities for mobile devices? Anti-phishing expert Dave Jevans provides insights based on new mobile threat research.
Former federal banking examiner Amy McHugh says detailed risk assessments have to be a priority. And recent legal decisions and settlements in disputes involving corporate account takeover prove why.
The Consumer Financial Protection Bureau is the newest member of the FFIEC. So what does this additional regulatory oversight mean for U.S. financial institutions and how they prepare for future exams?
It's been two years since the FFIEC issued updated guidance for online-banking transactions. But how effective have banks' conformance strategies actually been at curbing fraud? Experts weigh in.
Phishing schemes, particularly those aimed at the mobile channel, are growing. Daniel Cohen of RSA explains why we're no closer to solving the phishing problem.
The OCC has for the first time named cyberthreats as a major factor heightening banks' operational risks. And banking security experts say this is a sign that greater regulatory scrutiny will come.
Spear-phishing attacks are up and targeting individuals across all industries, according to a new warning from the FBI. Security experts advise how organizations can better detect and prevent attacks.
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.
U.S. organizations should follow the lead of many banks in Asia and involve consumers in efforts to improve security in the mobile arena, says payments fraud expert Tom Wills.
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.
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