House Hearing to Address Capital Market Threats

The House Committee on Financial Services is hosting a hearing tomorrow in which they will explore the various cyber threats targeting capital markets and government sponsored enterprises. Entitled “Cyber Threats to Capital Markets and Corporate Accounts,” the hearing in front of the Committee on...

Crime-Ring Orchestrators Plead Guilty to Fraud, Face Four Years

A pair of Ukrainian Nationals is each facing a four year, eight month sentence after pleading guilty at London’s Croydon Crown Court on October 31 to charges of conspiracy to defraud. According to a London Metropolitan Police report, the 29 year-old Yuriy Konovalenko also known as Pavel Klikov an...

Banking Fraud Now Almost Exclusively Occurring Online

A new study of small to mid-sized businesses shows that 75% of banking fraud is now taking place online according to a report from InformationWeek. The 2011 Business Banking Trust Study, commissioned by Guardian Analytics and conducted by the Ponemon Institute, found that 56% of the companies in...

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...