Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.
A top concern for most financial institutions is how to add new members and strengthen current customer loyalty, especially when faced with competition from larger institutions and behemoths like Walmart. Read about how Altra Credit Union differentiated themselves with exceptional customer value, and increased their...
"Once you get over the idea that we don't have permanent world peace, and people may need to attack each other in particular circumstances ... then maybe there's a lot of good things to say about cyberweapons," says Peter Sommer of the London School of Economics' Information Systems and Innovation Group.
NACHA's CEO says ACH-related fraud is often over-hyped, and occurs far less often than check- and payment card-related fraud. But when corporate accounts are breached, fraudulent ACH transactions lead to big financial losses.
Sheryl Rose, the first chief information security officer at Catholic Health Initiatives, is leading efforts to implement a comprehensive security strategy as the organization rolls out electronic health records.
From making payments online to depositing checks via iPhones and communicating through Facebook, financial institutions have introduced many new services to make their customers' lives easier. To maximize the impact of trends such as mobility and social media while minimizing their risk, institutions must be...
In the second major healthcare hacking attempt reported to federal authorities in recent weeks, a Tampa practice has notified 156,000 individuals that a hacker accessed a server containing its practice management system, which stores patient information.
Some physician group practices that already have an electronic health record system are playing a game of "hurry up and wait" when it comes to qualifying for HITECH Act EHR incentive payments and bringing their security plans up to date.