Fraud threats have changed little in the past decade. But their global scale has, and James Ratley, president of the ACFE, details how fraud examiners must change their approach to fighting these crimes in 2012.
Some Institutions Still Confused About Regulators' ExpectationsAs 2012 nears and federal regulators prepare to examine financial institutions for conformance with the FFIEC Authentication Guidance, just how prepared are banks and credit unions? The answer may surprise you.
Fraudster Linked to Conspiracy, Faces up to 30 YearsThe potential 30-year prison term and $1 million fine are significant, but so is the actual plea agreement - which may signal a new tactic in law enforcement officials' efforts to break up fraud rings.
A new survey finds that 56% of U.S. banking institutions have conducted risk assessments, but 87% have deployed layered security controls. Are banks ready to conform with the FFIEC Authentication Guidance?
A federal appeals court has ruled in favor of victims of the 2007 Hannaford data breach. Attorney Ronald Raether explains the ruling and what it potentially means to future breached entities and their customers.
Testing is Best Metric of Team's ReadinessHaving a breach response team in place at your organization is a necessity in today's threat environment. But how - before a breach occurs - do you know if your team is truly effective?
There have been many discussions about the link between GDP and the use of electronic payments. I recently spoke at the Future of Cash conference in Frankfurt, and created some charts to show actually that cash is still the dominant payment type, at least by volume. I’ve extracted part of that chart below. It [...]
We’ve all witnessed how difficult it has become for retail banking to dig itself out of its retrospectively misplaced devotion to free checking. The recent brouhaha over several banks’ attempt to recover lost debit card interchange through monthly fees gives testimony to just how challenging this new climate has become. After a decade of training [...]