News

February 10, 2009 10 Feb'09
Survey shows number of identity fraud victims rose in 2008

Research firm says the number of identity fraud victims increased last year but early detection cut consumer losses.
February 09, 2009 09 Feb'09
Class-action lawsuit filed against RBS WorldPay following breach

Legal action comes in wake of breach at payment processor and massive ATM scam.
February 05, 2009 05 Feb'09
FBI investigates coordinated ATM scam

Computer hacking ring uses payment card data stolen from RBS WorldPay in ATM scam.
February 04, 2009 04 Feb'09
Symantec researchers warn of banking Trojan

Trojan designed to steal online banking credentials hits Danish banks.
January 29, 2009 29 Jan'09
Former Fannie Mae contractor allegedly planted malware

Fired contract worker is accused of creating malicious script set to wipe out the mortgage company's data.
January 28, 2009 28 Jan'09
Credit unions, banks replace credit cards after Heartland breach

Financial institutions notify customers and reissue or block payment cards affected by the intrusion at payment processor.
January 20, 2009 20 Jan'09
Data breach study ties fraud losses to Hannaford, TJX breaches

Experts say breach costs are far reaching and could lead banks and merchants to find alternative payment methods.
January 19, 2009 19 Jan'09
FFIEC releases risk management guidance for remote deposit capture

The highly anticipated guidance is expected to help financial institutions understand and manage risks associated with RDC systems.
January 15, 2009 15 Jan'09
Bank IT spending will grow only slightly

Risk will be the top concern for banks this year as they look to get more out of their risk management systems, research firm says.
January 13, 2009 13 Jan'09
PCI costs slow compliance projects in down economy

PCI projects at some financial-services firms face scrutiny and funding shortfalls due to economy.
January 07, 2009 07 Jan'09
Data breaches jumped in 2008, ITRC report finds

The financial-services industry is better at security than others, but it still sees an uptick in breach reports, according to a new study.
January 05, 2009 05 Jan'09
Phishing, malware to strain banks in 2009

Fraud remained an ongoing problem for financial institutions in 2008 as criminals continued to devise ways to compromise online bank account credentials and steal money. In this email interview, Tom Miltonberger, president and CEO of online fraud ...
December 29, 2008 29 Dec'08
Study of banking malware analyzes underground economy

Researchers uncover thousands of stolen online banking credentials, email passwords and credit card data
December 23, 2008 23 Dec'08
Financial firms fight cyberthreats, brace for difficult year

Increased regulations, growing cyberthreats and tight budgets will challenge financial firms in 2009.
December 17, 2008 17 Dec'08
Gartner advises banks to shore up online channels

A bank-targeted Trojan could lead to copycats and should spur security improvements, analysts say.