Study finds spike in cyberattacks targeting financial services
Cyberattacks targeting financial service web applications and application programming interfaces, or APIs, grew by 354% in North America over the ...
Tag: Cyber crime
ABA, BPI urge FFIEC to embrace industry-developed Cyber Profile
In a letter to the Federal Financial Institutions Examination Council earlier this month, ABA and the Bank Policy Institute offered ...
Survey finds young people most likely to fall for phone scams
More than half of mobile subscribers reported losing money to phone scam calls in a recent survey on the prevalence ...
Verizon report: cyber incidents, breaches driven by external actors
A majority of data breaches during 2021—73%—were perpetrated by external actors, according to findings from Verizon’s latest global data breach ...
Banking groups call for changes to SEC cyber incident reporting proposal
ABA and a coalition of financial services groups today called for extensive changes to a proposal by the Securities and ...
ABA Foundation, FTC release consumer education infographic on payment app scams
The American Bankers Association Foundation and the Federal Trade Commission released an infographic with information to help consumers protect themselves ...
FDIC, FinCEN recognize digital identity proofing Tech Sprint teams
The FDIC and the Financial Crimes Enforcement Network recognized three teams for excellence in a recent “tech sprint” to develop ...
OFAC sanctions Darknet market, virtual currency exchange
The Treasury Department’s Office of Foreign Assets Control today announced sanctions against Hydra Market, the world’s largest and most prominent ...
The Post-Pandemic Fraud War: How to Play Offense
The pandemic has created many new challenges and changed the fraud risk landscape—perhaps permanently. It has also provided a training ...
Combating the Six Types of Financial Crime That Spiked During the Pandemic
Among the ways banks can respond to today’s quickly changing criminal activity is by incorporating flexible fraud-detection controls that allow ...
