ACH and Wire Transfer Fraud was a wake-up call to institutions for the New Year. ATM skimming and credit “bust-outs” have been around for some time. Phishing attacks have increased sophistication in phishing attacks, experts say. Businesses and institutions alike will be targeted with spear phishing and hacking efforts to compromise online banking credentials. Fraud detection systems can catch most of this activity, says Gartner analyst Avivah Litan. “It started in earnest in 2009 and will only get worse in 2010,” she says.”]
Source: https://www.bankinfosecurity.com/10-faces-fraud-for-2010-a-2000