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The Truth About Anomaly Detection
What You Really Need to Know About Effective SolutionsThe FFIEC Authentication Guidance has resulted in a cottage industry of anomaly detection solutions. But look carefully before you buy - separate...
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$1 Million ATM Fraud Scam Busted
New York Task Force Arrests, Charges FiveATM skimming busts are wins for law enforcement. But how well would banking institutions detect the fraud if their customers weren't doing such good jobs of...
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BBB Reports Phishing Scam
Fake E-Warning Contains Malicious Attachment and LinkPhishing schemes, like the one claiming to be from the Better Business Bureau, target consumers who have concerns about troubled accounts or account...
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Facebook, FTC Settle over Privacy Deceptions
Social Network Names Two Chief Privacy OfficersFacebook promises to give consumers clear and prominent notice and obtaining express consent before their information is shared beyond the privacy...
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Cyber Awareness: Your Responsibility
Advice on How to Give Back to the CommunityDan Waddell of Tantus Technologies says giving back to the community is every information security professional's responsibility. And with the insurgence of...
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NCUA Probes Leak of Exam Results
DC FCU Rated a 'High Strategic Risk'The NCUA has asked the Office of the Inspector General to investigate the leak of confidential examination information regarding District Government Employees...
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Fraud Scheme Hits Grocer
Card Reader Compromised at Self-Service CheckoutRetailers and fast-food chains throughout the world are reporting an uptick in point-of-sale skimming incidents. Why do fraudsters find retailers and...
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NYC Card Skimming Take-down
Elaborate Insider Fraud Scheme Targets AmEx CardsAuthorities in New York have indicted 28 suspects for their alleged connection to a skimming scheme that targeted AmEx cardholders. What did the...
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FDIC 'Problem' Banks Decline Again
Number of Problem Banks Falls to 844The number of banks listed on the FDIC's "problem list" dropped again this quarter, a sign of improving conditions for U.S. institutions. But one former regulator...
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FFIEC Guidance: Preparing for 2012
Time to Focus on Risk Assessments, Layered Security and FraudBanking institutions are focused on preparing for 2012 and their first examinations on conformance with the FFIEC Authentication Guidance....
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FBI Warns of New Fraud Scam
Zeus Variant Can Defeat Two-Factor AuthenticationIt's a corporate account takeover scheme - with a twist. The scam involves money mules and distributed denial of service attacks. "This is an entirely...
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Banks Rely on Old Authentication
New Javelin Report Offers Tips to Improve Fraud PreventionDespite the FFIEC authentication guidance and the growth of online fraud, financial institutions still rely on outdated practices that expose...
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94 Indicted in Fraud Scheme
Crime Ring Accused of Stealing $450,000 from TD BankLaw enforcement officials say a New York crime ring defrauded TD Bank of more than $450,000 in a check fraud scheme. What loophole did the fraudsters...
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New Economies: Who's In Control?
Social Media Make Payments Providers AdaptSocial media and new economies are changing the payments landscape, giving consumers more control over their buying experiences. As consumers take on more, how...
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Draft Bill Eyes Strong DHS Role in Cybersecurity
National Information Sharing Organization ProposedThe draft legislation would have the Department of Homeland Security conduct risk assessments on critical national IT systems and lead efforts to adopt...
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Grocer Confirms Card Fraud
Save Mart Issues Warning After Reports of Account CompromisesCalif.-based grocer Save Mart confirms dozens of reports by employees and customers about account compromises linked to the merchant's...
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2 Credit Unions Liquidated
111 Institutions Have Failed so Far in 2011Two credit unions were closed last week by state and federal banking regulators. These failures bring the year's tally to 111 failed institutions.
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BYOD: Filling the Policy Gaps
Awareness of Mobile Vulnerabilities Is Top PriorityThe bring-your-own-device trend is increasing, but work-place policies are not. ISACA's Ken Vander Wal says low employee awareness and the absence of...
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BITS: Focus on Emerging Technology
Mobile Banking, Social Media Among Top 2012 InitiativesFrom social media to mobile banking, emerging technology areas continue to concern financial institutions. Which security initiatives will BITS...
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Draft Bill Raises Privacy Concerns
Panel Urged to Safeguard Personally Identifiable InformationDraft legislation establishing a public-private sector National Information Sharing Organization received generally favorable reviews from a...
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