Week In Review: New Accounts Pose Greatest ID Fraud Risk and Cross-Border Payments Heighten Money Laundering Concerns

Consumer fraud trends suggest banking institutions will lead the fight against ID fraud, and international regulators are taking closer looks cross-border payments and money laundering.Here's a list of some of this week's most compelling content on BankInfoSecurity.com:
  • New Accounts Most at Risk. According to new findings from Javelin Strategy & Research, consumers and law enforcement alike now turn to banks and credit unions for more sophisticated detection and prevention, when it comes to the misuse of stolen identities to open new accounts;
  • Money Laundering: Cross-Border Payments Heighten Concerns. Globalization has opened new doors for money laundering, and international regulators are taking the issue seriously. AML expert Hugh Jones says the birth of International ACH transactions has created opportunities for consumers and retailers, and new burdens for financial institutions; and
  • NASDAQ Breach: You Should be Concerned. Managing Editor Tracy Kitten shares her views about the NASDAQ systems breach, which proves even the mightiest organizations have security gaps that cyberthieves can find.
  • Please listen to this roundup, and check out all of the month's and week's news and views on BankInfoSecurity.com.




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