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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.

Fraud 88
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The 2015 GonzoBanker Awards

Gonzobanker

Idea Bank in Poland for its roaming fleet of ATM-equipped automobiles with an Uber-like app available for bank customers to order cash drop-offs. One internal memo acknowledges the weaknesses in the bureau’s methodology and admits to the litigation risks in its case against Ally. FFIEC’s Cyber Security Self-Assessment Tool.