Banking Scams
“Small Business to be target of sophisticated scams in 2009”One of the top ten threats to bank customers will be aimed at the small business customer in 2009.
The organisation and sophistication of criminals is increasing, and so is the sophistication of their attacks. Mike Rothman, Senior Vice President of Security Strategy at eIQnetworks, sees a "laser-guided" approach to targeting precision attacks on institution''''s customers as the next step that these criminals will take. "They will use data already collected from previous attacks on companies, including ChoicePoint and others to build their attacks." One information security researcher told Rothman that organizations like the Russian Business Network, RBN, have built demographic databases "that rival some of the biggest and most significant demographic databases in the financial services industry that are used here in the States legally."
The criminal groups like RBN are compiling huge amounts of data in order for consumers to share account information with them. This allows them to entice those customers to "give up the goods" by divulging enough information so they feel comfortable with the scam. The victims include small businesses, which Rothman sees as the next crime front.
Source www.bankinfosecurity.com
10 Faces of Fraud: The Greatest Risks to Banks in 2009
ATMs, Checks Top List of Key Vulnerabilities
December 9, 2008 - Linda McGlasson, Managing Editor
For details of further predicted future Fraud threats see
http://www.bankinfosecurity.com/articles.php?art_id=1098&pg=1