11/04/2014 - More details have emerged surrounding a cyberattack on the government's largest security clearance contractor, USIS. The National Transportation Safety Board has discovered critical clues surrounding the investigation of the crash of the Virgin Galactic tourism space shuttle. And the Federal Financial Institutions Examination Council has created a framework to facilitate cyberthreat information sharing among financial institutions.
08/28/2014 - The Ukrainian president is calling a U.N. Security Council meeting after Russian troops invaded Ukraine. The Secret Service and a security council have warned retailers about Backoff malware, which steals payment data. And JPMorgan and other large U.S. banks have been hacked.
03/04/2014 - The U.S. offers $1 billion in subsidies to Ukraine and prepares sanctions against Russia; a majority of bank ATMs in the United States face major cyber risks as the Windows XP operating system loses tech support; and a GAO report says the government needs to move on plans to maintain separate but interoperable electronic health records systems.
10/07/2013 - In a world where consumers regularly use mobile devices to make purchases and take advantage of online banking options, financial institutions are working harder than ever to verify cardholder identities and prevent fraudulent transactions, said Visa, Inc., Head of Risk and Authentication Products Mark Nelsen, speaking on a panel at the Visa Global Security Summit 2013 in Washington, D.C. last week.
07/25/2013 - The Federal Trade Commission (FTC) has sent warning letters to 10 data brokers after an investigation indicated that they might be willing to sell personal information in violation of the Fair Credit Reporting Act (FCRA).
05/23/2013 - John Madinger, who has extensive experience as an IRS criminal investigator, has written an outstanding introduction to the complex world of money laundering. It includes interesting sections on the history of money and of money laundering along with other forms of financial crime.