The Anatomy of a CAT Attack

In order to understand the power of the three layers of security required by the June 2011 Supplement to the FFIEC’s 2005 Guidance on Authentication in an Internet Banking Environment, it is helpful to understand just how a corporate account takeover (CAT) attack works. Nowadays, criminals can purchase applications that are designed to attack American […]

What customers need to be told

According to the Federal Financial Institutions Examination Council’s (FFIEC), a financial institution’s customer awareness and educational efforts should address both retail and commercial account holders and, at a minimum, include the following elements: An explanation of protections provided and not provided to account holders relative to electronic funds transfers under Regulation E, and a related […]