Article
Apr 7, 2021
Banks are addressing account opening weaknesses as criminals exploit pandemic-related security gaps.
Article
Apr 9, 2020
The mass relocation of financial services employees from the office to their couch, dining table or spare room to stop the spread of the deadly novel coronavirus is a significant data security concern, several industry experts […]
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Article
Mar 23, 2020
For the National Bank of Blacksburg, Virginia, the nightmare scenario for community banks everywhere began with an employee ignoring basic cybersecurity hygiene. Russian hackers’ entry into NBB’s computer systems and network “most likely originated from a […]
Article
Jan 9, 2020
The times, as Bob Dylan once crooned in that raspy nasal whine, are a-changing—and no more so than in the ways bank customers make payments. And while he never got around to recording “The Times They […]
Article
Oct 9, 2019
When the Kansas City blues shouter Big Joe Turner first performed the immortal “Shake Rattle and Roll” in 1954, there was no way he could know the future hit might as well fit the mood of […]
Article
Aug 22, 2019
As tensions continue to mount in the Persian Gulf, bank security officials in the U.S. and elsewhere are keeping a wary eye on Iran, which has waged a series of cyberattacks against American business interests. And if […]
Article
Aug 9, 2019
To his victims, many elderly, Michael “Mickey” Henschel might have seemed like the homeowner’s hero, rescuing people over their heads on their mortgages. In reality, Henschel was not an angel of home possession but rather a […]
Article
Jul 31, 2019
It’s hard to imagine anything lucky about a data breach affecting more than 100 million customers. But Capital One got lucky because the Seattle woman accused of accessing the bank’s data was apparently as clueless as […]
Article
Jul 3, 2019
Once upon a time, blockchain was hailed as an unbreachable means of transmitting wealth. But as BAI Banking Strategies pointed out in 2017, blockchain isn’t as foolproof as once touted. Yes, this was about a minority view...
Article
Jun 26, 2019
Back in the days of the Wild West, rootin’ tootin’ bad hombres like Jesse James and Butch Cassidy struck fear into the hearts of bankers. But in the age of the Internet of Things, those names […]
Article
Jun 3, 2019
Whatever news the cheery Monday morning email passes on from the C-suite to the ground troops, everyone needs to make sure they absolutely, positive know who sent it. In fact, it’s paramount. All things being equal, […]
Article
Dec 10, 2018
As if you weren’t already wary about answering phone calls from unknown numbers, here’s another concern to consider. And it isn’t just talk—though you’ll want to watch what you say, how you say it and who you say it to.
Here’s...
Article
Nov 16, 2018
The cost of cybercrime across the world is staggering, with some estimates ranging as high as more than $22 trillion a year in direct losses and the cost to deal with the aftermath. And in the […]
Article
Aug 30, 2018
Fintech wannabes, think inside the box: a seemingly magical 40-foot electrical box that will make money anywhere you take it and plug it in. That, in essence, is what an Estonian company called NordCoin is pitching […]
Article
Jul 25, 2018
Miguel Cervantes wasn’t a banker. But he might as well have had bitcoin on the brain when he wrote, “Madness is the coin of the realm.” That was in his book Don Quixote, named for a main character who was...
Article
Jul 2, 2018
On film, Frankenstein exists only as a mythical creation. But online, a monster of many parts recently rose from the cyberswamp to take hostage a 49-year-old tech exec from Charlotte, North Carolina. Alas, this tale from […]
Article
Jun 14, 2018
Some people will go a long way to sidestep the potential cyber threats that artificial intelligence could unleash upon our planet. Like the planet next door. Tesla co-founder and CEO Elon Musk wants to colonize Mars […]
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Article
Mar 7, 2018
“Illicit actors,” notes says Scott Swanson, a financial crimes investigator with a big-four accounting firm, “run around the Bank Secrecy Act like it is a chained, aged, and toothless junk yard dog.” If that sounds like […]
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Article
Jan 31, 2018
Five decades after they were first unveiled in Swinging London as marvels of secure, cash-dispensing convenience, automatic teller machines are more vulnerable than ever—thanks to a wide array of attacks that include skimming devices, malware, intercepted […]
Article
Jan 10, 2018
The Hermit Kingdom, nuclear armed and firing off ballistic missiles, is estranged from the rest of the world and cut off from trade. But building missiles and nukes is not a cheap endeavor. So to fund […]
Article
Dec 8, 2017
When it comes to keeping your money safe, even the much-vaunted blockchain is no panacea, says Moran Cerf, a guy who knows a thing or two about cracking security. “Nothing is safe in our world,” says […]