Week In Review: Top 9 Security Threats of 2011, and ACH Fraud: How to Beat it
- Top 9 Security Threats of 2011. What are the top security threats the financial industry will face in 2011? Mobile banking and social networks are expected to pose new security threats in the payments space. But security experts say those threats won't displace the Zeus, botnet, malware and phishing threats that have for years plagued banking institutions. Fraud attempts will escalate, not diminish, as new threats and channels blossom in the new year;
- ACH Fraud: How to Beat it. ACH fraud and corporate account takeovers made big headlines in 2010, and Jim Woodhill, the founder and former chairman of security vendor Authentify, says Regulation E needs to provide more protections for small business; and
- Fraud, EMV and the U.S.If the U.S. does make a move to EMV, what entity will lead the charge? Some have suggested the Federal Reserve; others have said regulatory reform and an amendment to Regulation E could do the trick.