Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Cyberfraud is worse than you thought

November 17, 2010
Total Loss: Unknown

Bill Nelson, CCM, is not an alarmist, but when it comes to Web security and corporate payments, he wants you to know a few things: First, recent discussions with the FBI, U.S. Secret Service and high-end incident response vendors indicate anti-virus software effectiveness is less than 60 percent. He also wants you to know that fraudsters have a complete service-based economy supporting their activities, including technical specialists who focus on: ATMs, Payment systems, Check processing, Credit card processing.

Source: AFP Online
Posted in: ACH and Wire Fraud
Tags: achwirecybercrime