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Mobile banking, or M-Banking, is the use of financial services over mobile devices such as cell phones. With the recent advent of mobile banking services, new and improved mobile banking technologies are still under development for better usability and security.
Mobile banking services are currently...
On the heels of the recently-announced Bank of New York Mellon data loss comes this: State Street Corp. announced yesterday that a disk drive holding personal information from 5,500 employees and 40,000 customer accounts was stolen from a vendor's office.
Interesting point made in a conversation yesterday with a Washington, D.C. contact.
We were discussing the impending Identity Theft Red Flags deadline, and I asked whether that was all the buzz in regulatory circles.
An unencrypted backup tape is missing from the Bank of New York Mellon, potentially exposing information on 4.5 million customers of that bank and of People's United Bank of Bridgeport, CT.
The missing tape contains social security numbers and bank account information on 4.5 million customers - including several...
Know what caught my eye when reading this new story about the Bank of New York Mellon (see "Bank of New York Mellon Investigated for Lost Data Tape")
It's not the notion that a backup tape is missing. These days, not a week goes by
New Hampshire customers of TD BankNorth were notified earlier this week that their Visa debit or credit cards have been compromised, and the likeliest culprit is the recent Hannaford Brothers Supermarkets security breach.
"We became aware during the last few days that there was some fraudulent activity on some of...
Phishing, vishing, whaling - there are a growing number of electronic social engineering threats to unsuspecting consumers and their identities. Financial institutions and their customers increasingly are targets of these attacks. But they're also fighting back.
Listen to this interview to hear:
What are the...
As financial institutions continue to migrate their services and operations online, the Office of the Comptroller of the Currency reminds national banks and their technology service providers about the importance of application security as a component of an information security program.
A new OCC bulletin...
Social engineering is the ultimate con - the bag of tricks employed by fraudsters who will lie, cheat and steal their way past your organization's security controls. Their goals: theft, fraud or espionage. Your best line of defense: Your people.
Fraud incidents are on the rise - especially in financial services and...
The Federal Bureau of Investigation (FBI) released a comprehensive new report on mortgage fraud that doesn't paint a pretty picture of what's happening in the housing market.
The facts stare out from the page - mortgage fraud is on the rise. The agency has no central way to track the total extent of mortgage fraud,...
Data security breaches add millions of dollars to bottom line expenses, but there is also the immeasurable cost of security breaches on your brand that affect future revenue and growth. Virtually every financial institution today exchanges large amounts of information both inside and outside the organization....
ATM's are available in vast numbers in nearly every convenient location a patron could want. These small machines have become the cornerstone of the banking world by changing banking limits to a 24-hour availability. With this round-the-clock access to money, comes the threat of theft and possible assault at the ATM....
On of the most stressful times in life is those moments when you are standing at an ATM machine in the middle of the night. No one around, and the world is all behind you. It is during these times that people often remember the scenes from movies when a gun man walks out of the bushes demanding a large withdrawal from...
Is Paying Bills Online Safe?
As long as you exercise the usual, common sense precautions to keep all your sensitive information secure, then paying your bills online is quite safe. Following are some common-sense tips:
Interview with David Jevans, Director, Anti-Phishing Working Group
Phishing, vishing, whaling - there are a growing number of electronic social engineering threats to unsuspecting consumers and their identities. Financial institutions and their customers increasingly are targets of these attacks. But they're also...
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