by Avivah Litan | July 30, 2012 | Comments Off
I’ve been hearing more and more from our clients about a new fraud trend involving agent and distributor based sales programs. These are the types of programs where distributors work at home and sell goods and products like makeup or nutritional supplements over the web either directly to consumers, or through other distributors who they [...]
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by Avivah Litan | July 12, 2012 | Comments Off
I’ve been hearing from U.S. banks that card fraud continues to be a major issue for them, while online bank account takeover and trojan-based attacks have flattened out. The new trend, they say, is ‘micro-attacks’ that are localized, small in nature and which stay under the radar longer, giving the crooks more time to rack [...]
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by Avivah Litan | July 10, 2012 | Comments Off
Last week, a federal appeals court reversed a May 2011 lower court ruling that held PATCO Construction Inc. responsible for ACH fraud committed by hackers who used the Zeus Trojan to pilfer $588,000 out of PATCO’s account at Ocean Bank in 2009. The appeals court deemed the bank’s security procedures ‘commercially unreasonable’ and recommended that [...]
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by Avivah Litan | July 9, 2012 | 1 Comment
I’ve been talking with lots of financial services companies both in the U.S. and abroad over the past few months that have a strong presence in the mobile channel and are seeing very healthy use and growing adoption of their mobile applications. These apps range from mobile banking and brokerage services, to mobile shopping and [...]
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