Information Protection and Security

The government agency that insures US banks has warned its members to be on the lookout for an increase in money mules used to launder money that's been electronically stolen from deposit accounts. In a memo issued last week, the federal deposit insurance corporation told member banks the mules can often be spotted by common characteristics. 

Cyber thieves on Thursday began blasting out millions of e-mails impersonating NACHA - The Electronic Payments Association, a not-for-profit group that develops operating rules for organizations that handle electronic payments, from payroll direct deposits to online bill pay services.

The suspect, 22, a resident of the territories, obtained the details of credit card holders, creating a database of cardholders. The suspect made a similar phishing attempt at the Bank of Israel website.
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FBI says there's been a significant increase in fraud involving the exploitation of valid online banking credentials belonging to small and medium businesses, municipal governments, and school districts.
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'Opachki' Trojan hijacks links for cash and deletes Zeus malware from the infected machine.

Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week.

Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week.

The head of the FBI has stopped banking online after nearly falling for a phishing attempt.
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The amount of fraud being committed on plastic cards across the country fell in the first half of the year, industry body Financial Fraud Action UK says.