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July 20, 2016

There has been a sharp increase in hacking and malware attacks on financial institutions in the first six months of 2016, particularly on institutions with revenues below $35 million, Beazley has said in a report.

Beazley has published its Beazley Breach Insights report...

April 25, 2016

Fraud involving ATM skimming is on the rise, according to data from FICO Card Alert Service, which monitors transaction data for bank clients. FICO doesn't release specific numbers, but recently reported a nearly 550 percent increase nationwide in the number of ATMs co...

March 18, 2016

Hacking for ransom is on the rise. Typically, hackers gain access to your computer systems and either block access to your systems or threaten to release sensitive data unless a ransom is paid. In most cases, the hackers demand that their ransom is paid by bitcoin, a v...

Cybercriminals took an average $32,000 from small business accounts, according to a December survey of owners by the advocacy group National Small Business Association. And businesses don't have the same legal protection from bank account fraud consumers have.

 

The Elec...

February 8, 2016

Identity theft continues to be a concern this tax season with two tax preparation software companies reporting unusual activity involving their customers. Those companies, TaxSlayer and TaxAct, have not suspended filing and do not believe that there has been an officia...

January 18, 2016

Hackers looking to sabotage the U.S. banking system could break into larger companies by targeting smaller institutions, warn officials at the Federal Reserve in Boston, who have launched a pilot program to help thwart cyberattacks.

 

“We’re focused on the small and medi...

December 23, 2015

Mobile financial threats are now among the ranks of the top ten malicious programs that were created to steal money, according to new data from Kaspersky Lab.

 

In its latest security bulletin about the trends in 2015, it dives into what it calls the “rapid spread of ran...

December 10, 2015

A recent study commissioned by the Study of Financial Innovation (CSFI) and conducted by PricewaterhouseCoopers (PwC), reveals that US and UK bankers rank organized cyber attacks as the biggest threat to the safety of banks. The biggest banks fear cyber attacks more th...

November 30, 2015

Broadband and information technology are powerful factors in small businesses reaching new markets and increasing productivity and efficiency. However, businesses need a cybersecurity strategy to protect their own business, their customers, and their data from growing...

November 26, 2015

Businesses and organizations should expect cyber criminals to attack through wearable devices, employees’ home systems, cloud services and automobiles within the next year, according cyber experts at Intel’s McAfee Labs.

 

By 2020, individuals could be receiving payment...

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