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Latest Transaction authentication number Stories

2008-10-09 07:25:00

By Jon Swartz SAN FRANCISCO -- The rippling financial crisis has sent consumers scurrying to the Internet for answers and advice. Online fraudsters are right behind, devising ways to steal personal information. Cybercrooks are creating fake websites, spam, phishing attacks and malicious software code to take advantage of anxiety during the economic calamity. Like other extraordinary news events, the crisis has heightened fears and made people desperate for information, say computer-security...

2008-10-07 15:00:17

By Swagata Sen The Internet has suddenly emerged as an easily accessible place to steal money and identities, as most users still operate through unsafe systems and are blissfully unaware of the dangers that lurk in cyber networks. The trouble is, Internet users are only as good as their password and i-pin. And phishing (Internet bank account hacking) is the way for miscreants and conmen to get hold of it. Internet users in India are being flooded by e-mails on millions of pounds or...

2008-08-06 18:00:14

By Anthony Cronin, The Day, New London, Conn. Aug. 3--If it looks fishy, it probably is phishy -- at least when it comes to the Internet. That's the sound advice of Lisia Quinlivan, a vice president and manager of electronic commerce at the Westerly-based Washington Trust Co. bank. Quinlivan is an expert in online banking and Web-based security and she knows that "phishing" -- slang for online fraud -- is one of the most common, and insidious, security problems that we face in...

2008-07-24 09:00:35

Trusteer, the customer protection company for online businesses, today announced that its Rapport product has been enhanced with a real-time cloud-based Phishing protection service that reduces fraud and asset theft if account data is stolen. The new service alerts online businesses when their customers access a malicious website so the account can be suspended and assets protected. Discount brokerage firm Muriel Siebert is a current user of the Trusteer product. Muriel Siebert, the...

2008-07-16 12:00:45

Secure Identity Systems, a provider of identity theft protection systems, has announced that its anti-phishing services will help financial institutions gain control of their brand integrity online, while protecting consumers from phishing attacks. Most important, these services enable financial institutions to fulfill Section 114 of the Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act (FACTA), which requires them to implement...

2008-07-16 06:00:21

By Byron Acohido Call them the Coreflood Gang. A ring of cyber bank robbers from southern Russia has quietly perfected a way to get a beachhead inside company networks. Once inside, it infects every PC within reach with a custom-made data-stealing program called Coreflood. The goal: go rip off bank accounts online. Over the past 16 months, the Coreflood Gang has infected swaths of PCs inside thousands of companies, hospitals, universities and government agencies, says SecureWorks...

2008-07-15 09:00:38

Phishing attacks aren't causing problems for just consumers. They're also destroying the integrity of financial institution brands online. But now with new anti-phishing services from Secure Identity Systems (SIS), financial institutions gain control of their brand integrity online, while protecting consumers from phishing attacks. Most important, these services enable financial institutions to fulfill Section 114 of the Identity Theft Red Flags and Address Discrepancies under the Fair and...

2008-06-24 12:02:28

A new crop of nonbank online personal finance sites combining traditional account aggregation services with Web 2.0 concepts is garnering considerable attention from the media and gaining users. The sites provide a novel approach to aggregating and managing multiple aspects of an individual's financial life online. However, new TowerGroup research finds that they are often missing one critical component - adequate fraud prevention capabilities to protect both the consumer and the bank from...