Cybercriminals will continue intercepting electronic fund transfers (EFTs) until EFT participants slow down, read, and ask questions, particularly in response to emails requesting last-minute changes to payment methods (e.g.,...more
7/30/2025
/ Cyber Crimes ,
Cybersecurity ,
Cybertheft ,
EFTs ,
Electronic Communications ,
Email ,
Financial Crimes ,
Fraud ,
Fraudulent Wire Transfers ,
Payment Systems ,
Risk Management ,
Settlement ,
U.S. Treasury
“If there is anyone to blame, it is the perpetrators,” said Katherine Archuleta, Director of the federal Office of Personnel Management (“OPM”), to a Senate panel investigating the causes of the recent OPM cyberattack. ...more
On-line or electronic banking (“e-banking”) offers many well-known advantages to financial institutions engaged in banking and to their business customers. A significant risk of on-line bank accounts for both financial...more