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Bank Employs SMS Messaging System to Protect Customers From Credit-Card Fraud
White Papers Its reputation depends on its ability to protect clients from fraud - particularly credit-card fraud. Raiffeisenbank needed a solution that would reduce the cost of preventing credit-card fraud and provide a more effective, customer-focused service.
[December 19, 2007, 0:01]
Online bank fraud targeting corporate accounts
News For more on this story, see Corporate bank accounts targeted in online fraud on CNET News. Within the last several months, the FBI has seen a significant increase in fraud involving the exploitation of valid online banking credentials belonging to...
[November 4, 2009, 8:14]
Australians hit by online bank fraud
News The Commonwealth Bank of Australia has revealed that some customers have been tricked into revealing their online banking client numbers and passwords after receiving a spam mail claiming to be from the bank.
[March 18, 2003, 10:46]
Billion dollar bank fraud foiled by UK crime fighters
News The International Chamber of Commerce (ICC) today revealed details of an investigation into an Internet banking fraud scheme estimated to have been worth £2.7bn. The ICC's Commercial Crime Bureau (CCB) carried out a six month investigation into the...
[April 11, 2001, 15:35]
Offshoring: Is the dream over?
News A case of bank fraud involving an India-based outsourcer has rekindled a debate about using overseas contractors for tasks involving sensitive data. Mphasis was bullish about their security procedures when news broke about the theft and subsequent...
[April 27, 2005, 11:55]
Warning email hides scam
News An email purporting to be an advisory from Westpac to its customers about the dangers of online fraud is itself fraudulent, a bank spokeswoman confirmed today. The email, headlined "Online Banking: Protect Yourself from Internet Fraud" purports to...
[December 18, 2003, 9:50]
Phishing scam 'most devious ever'
News A prominent antivirus vendor has described the latest email fraud scheme targeted at Westpac bank customers as the most "devious" the company has ever encountered. I think this is not just a scam like the Nigerian scam -- this is actually direct...
[March 3, 2004, 8:00]
Barclays take behavioural approach to online security
News Barclays Bank is to up the level of scrutiny for its online customers in a bid to cut down on Internet fraud. The system then compares the data to known fraud patterns and presents the bank with a score.
[March 28, 2006, 12:00]
Halifax offers online fraud and hacking reassurance
News From the end of September the bank will offer guaranteed reimbursement against Internet fraud as well as complimentary antivirus software. The Halifax' revamped antifraud guarantee, which will be displayed on all the bank's financial Web sites...
[August 29, 2000, 14:49]
Barclays scam email exploits new IE flaw
News The bank is requesting users to forward fraud emails to internetsecurity@barclays.co.uk. Customers of Barclays and other UK banks have been targeted by fraud emails that exploit a recently discovered vulnerability in Internet Explorer allowing...
[January 12, 2004, 11:40]
EBay scammer jailed
News The young man was also found guilty of bank fraud after trying to convince a member of one bank's staff to cash the cheques he received from the unlucky eBay users and to wire $400,000 to an overseas account.
[June 16, 2004, 11:45]
US charges email scammers
News Anisiobi also faces one count of bank fraud. If convicted, they could face up to 20 years in prison for mail and wire fraud, 30 years for bank fraud, and five years for the conspiracy charge. Last year, a Nigerian court sentenced a woman to two-and...
[March 24, 2006, 9:45]
Barclays claims card-reader has eliminated fraud
News The UK's third-largest bank said this week that it has distributed the card reader, made by Amsterdam-based Gemalto, to more than one million customers, and that none have been hit by fraud. Barclays claims to have reduced online fraud to zero...
[July 18, 2008, 17:04]
Trojan swipes money from your banking site
News The bank Trojan, dubbed URLzone, has features designed to thwart fraud-detection systems which are triggered by unusual transactions, Yuval Ben-Itzhak, chief technology officer at Finjan, said in an interview on Tuesday.
[September 30, 2009, 9:03]
Swedish bank hit by 'biggest ever' online heist
News Nordea believes that 250 customers have been affected by the fraud, after falling victim to phishing emails containing the Trojan. In an effort to combat fraud, most banks have a policy of monitoring the behaviour of people claiming to be their...
[January 19, 2007, 14:17]
Consumers warned over growing Internet card fraud
News The move by APACS is intended to cut the high losses from 'card not present fraud', which are second only to counterfeit card fraud -- which is being tackled by the chip and PIN initiative that will see signatures replaced by PIN numbers for...
[November 11, 2003, 14:45]
Phishing attacks hotting up
News Bank e-fraud teams are increasingly using behavioural monitoring of both physical and digital systems to judge whether a fraud is being attempted, said Moloney. As telephone banking channels normally operate separately to online banking departments...
[November 29, 2006, 17:02]
FSA raises concerns over Internet banking
News The FSA added that if banks moved the liability of fraud loss to the consumer, 77 percent of those surveyed who used it said they would abandon Internet banking.percent of those surveyed said at least some security responsibility should lie with...
[January 24, 2006, 9:50]
Dell admits Indian mistake
Talkback When I tipped of the bank about two huge fraud holes in the system, they did not look into it even after 2 months, it should have been checked immediately samr day. But made a huge rumpus about a fraud committed of about 200,000 , big speeches...
[September 12, 2006, 5:24]
Fraudsters jailed after $240m scam
News Two of the perpetrators of the largest ever fraud in Nigerian history have been jailed for a total of 37 years. A third man, Amaka Anajemba, was sentenced to two-and-a-half years in prison earlier this year in relation to this fraud, after he...
[November 21, 2005, 16:50]
