The Week in Security
March 9, 2012 9:23 AM
Taxing Time
Phone Phoneys
Most fraud on mobile channels isn't coming from mobile devices — it's coming from fraudsters spoofing mobile devices from PCs to take advantage of the lessened security on the channel. (Image: ThinkStock)
Turned Off?
Consumers may actually be embracing debit cards that they can deactivate on their own. One early adopter, City Bank Texas, says consumers are switching off their cards before they even call the bank's fraud department. (Image: ThinkStock)
Bitcoin Brouhaha
The Bitcoin exchange TradeHill blames its demise on $100,000 in transfers that the person-to-person payment provider Dwolla reversed. Dwolla rejected these claims, but said it must handle chargebacks to guard against fraud. (Image: ThinkStock)
Good for Business
Security experts actually like the "hacktivist" group Anonymous. The group has been good for their business — it has scared companies into taking data security seriously. (Image: Bloomberg News)
Fraud Takes Flight
University of Iowa Community Credit Union reduced its credit card charge-offs by 16% last year by configuring its fraud system to better suit a membership that likes to travel. (Image: ThinkStock)
Fighting Chance
Hancock Bank noticed its fraud rise years after buying an anti-fraud system. But it reversed course by working with its vendor, ACI Worldwide Inc., to use the same technology to crack down on financial crime . (Image: ThinkStock)
Up to Speed
Merchants can't always keep up with fraud trends. A product from Phoenix Managed Networks can help by locking down systems in the event of an intrusion. (Image: ThinkStock)
