In a major victory for organizations that have sustained massive losses due to unauthorized transactions made by hackers, an appellate court has ruled in favor of a Maine construction company against its bank.
Attackers have been circulating a trojan via email messages with subjects such as "ACH payroll payment was not accepted by Central Trust and Savings Bank."
The long-awaited update to the Federal Financial Institutions Examination Council (FFIEC) guidelines around authentication has been released.
The FBI is probing 20 new cases of U.S. businesses losing millions of dollars to cybercriminals, who then siphoned off the cash to accounts in China.
A New York lawmaker has introduced a bill that would extend financial protection to municipalities and school districts that fall victim to unauthorized bank funds transfers.
Chris Mark of ProPay discusses how some small- and mid-size businesses are falling victim to ACH fraud due to poor authentication.