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Counterfeiters have new imaging tech, too
Forged checks have always been a problem, but increasingly sophisticated technology is making it easier to create these checks. Today, it is not uncommon to see forged checks of more than one million dollars-so banks must be on the alert.
TowerGroup, headquartered in Needham, Mass., estimates check fraud will cost commercial banks $853 million in 2003 and that banks will avoid losses of another $4.478 billion by taking preventative measures.
According to Peter L. James, senior analyst, wholesale banking, TowerGroup, "We estimate that the U.S. banking industry spends over $280 million per year on these measures, equaling a total cost to the industry of over $1.1 billion per year in losses and prevention costs."
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Spotlight
The CSO perspective on healthcare security and compliance
Posted on 20 May 2013. | Randall Gamby is the CSO of the Medicaid Information Service Center of New York. In this interview he discusses healthcare security and compliance challenges and offers a variety of tips.
Cyber espionage campaign uses professionally-made malware
Posted on 20 May 2013. | A massive cyber espionage campaign has been hitting government ministries, IT companies, academic research institutions, and more.
Ransomware adds password stealing to its arsenal
Posted on 17 May 2013. | Microsoft researchers are warning about a new variant of the well-known Reveton ransomware doing rounds.
IT security jobs: What's in demand and how to meet it
Posted on 15 May 2013. | Let's say you want a career in information security, where do you start? What credentials do you need? What are employers looking for? Read on to find some answers.
Hacking charge stations for electric cars
Posted on 15 May 2013. | Ofer Shezaf talks about what charge stations really are, why they have to be ‘smart’ and the potential risks created to the grid, to the car and most importantly to its owner’s privacy and safety.
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