ACH fraud

New E-Banking Trojans Target Android Users

The security firm Trusteer reports that new Web-based attacks are targeting Android smartphone users in a campaign to circumvent two-factor sign-on features used by many banks to protect account holders.

Industry Groups Bid To Control New .Bank And .Insurance TLDs

Two financial industry groups: The American Bankers Association (ABA) and the Financial Services Roundtable announced on Thursday that they have applied to the Internet Corporation for Assigned Names and Numbers (ICANN) to operate to top level Internet domains, .bank and .insurance, on behalf of the financial services industry.

A survey conducted by Information Security Media found that new fraud methods, including phishing
and Internet enabled account takeovers are an increasing problem for
banks, but that many organizations are ill equipped to combat the new

We spend our days combing the ‘Net for interesting security happenings and also noting the great work that other reporters and researchers are doing on the security front. Usually that means traditional reporting work: pulling together information from a bunch of different sources, digging for information that hasn’t been made public and then synthesizing it to make sense of what’s going on.

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