Tag: FFIEC

Banks Are Up to the Challenge of Combating Fraud

When it comes to online banking fraud, the numbers tell the story: $21 billion: The amount stolen due to identify fraud. $3 billion: The amount stolen by cybercriminals from US banks, businesses and municipalities using financial malware. 39 percent: The amount of all computers infected with financial malware. 150 percent: The rate at which online […]

How can we fight online banking fraud?

Online banking fraud is down by nearly a third in the UK, according to banking industry group Financial Fraud Action (FFA) UK.  This is quite an astonishing figure, which the FFA attributed to a rise in anti-fraud software and chip-and-pin technology. It is great to see the UK demonstrating how to attack online banking fraud […]

SpyEye targets security blindspots

According to this article from USA Today last week, cyber-attacks are set to increase over the remainder of this year due to the widespread availability of a new SpyEye hacker toolkit. The software allows hackers or cybercriminals to control a network of up to thousands of botnets, which can then be used for spamming, DDOS […]