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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

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The Importance Of Cyber War Games For Digital Businesses

PYMNTS

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. Probably, at least according to a McKinsey & Company report that dates to 2012, but whose wisdom might have found approval from Sun Tzu. “An Can businesses learn something from that?

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability.

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Finovate, FinDEVr Alums Among Winners of 2016 Fintech Innovation Awards

Fintech Labs Insights

” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. “FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo General Manager said.

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From Vault to Vulnerability: Modern Day Bank Robbers Hit the Web

NCR

Further cementing malware as the preferred weapon of the modern day bank robber is the discovery of a new hybrid banking trojan called GozNym – a combination of the Nymaim malware that first popped up in 2013 and Gozi malware that emerged in 2012. Securing the Vault.

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The 2015 GonzoBanker Awards

Gonzobanker

FFIEC’s Cyber Security Self-Assessment Tool. August 2012: Big merchants announce new consortium to combat interchange rates. That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV. Tie: Money 2020.

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Girding For Iran’s Cyberattacks On The US — Where Past May Be Prologue

PYMNTS

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability! In a similar 2012 attack, they managed to cripple 30,000 Saudi Aramco computers. We’re always ready.”

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