Visa: New Tools Could Spot Additional $1.5b In Fraud

Credit card giant Visa Inc. said on Thursday that an update to its anti-fraud technology will make it easier to spot sophisticated credit card fraud that spans national borders. Visa said the update amounted to a major upgrade of Visa Advanced Authentication, the company’s real time risk scoring...

Survey Finds Banks Struggling As Fraud Grows

A survey conducted by Information Security Media found that new fraud methods, including phishing and Internet enabled account takeovers are an increasing problem for banks, but that many organizations are ill equipped to combat the new threats. Online bank fraud is a growing problem in the U.S...

NJ Takedown puts spotlight on sophisticated bust out schemes

HED: NJ Takedown puts spotlight on sophisticated bust out schemes DEK: Mike Braatz of Memento Security says the complex schemes can run for years and may be the biggest source of banking fraud – but you didn’t hear that from the banks When FBI agents descended on Sang-Hyun a.k.a “Jimmy” Park and...

APWG Fax Back Phishing Education Program

In an effort to respond to a growing public threat by offline phishers that conduct various scams via fax, the Anti-phishing Working Group APWG has partnered with the Internal Revenue Service IRS to create the APWG Fax Back Phishing Education Program. This program is designed to provide...

A Closer Look At ATM Skimmers

Security reporter Brian Krebs goes visual with ATM skimmers, asking readers to look at images and see if they would be able to tell the difference between a real ATM card reader and actual skimming devices. Read the full article. KrebsonSecurity.com...