ABA Solution: Fraud & Security

Fraud and security are continuing issues for banks. Criminals are constantly searching for creative new ways to obtain money from banks and customers through fraud and cybersecurity vulnerabilities. This section includes resources to help prevent, identify, measure and report fraud. It also offers materials and surveys to help banks understand the deposit account fraud experiences of other banks in order to assess their own bank's risk.

OperationUSA
In light of the announcement that Anonymous will conduct a coordinated online attack against banking and government websites on May 7, we have revised our Distributed Denial of Service (DDoS) webpage to include updated consumer messaging tips and recommended mitigation strategies. The OperationUSA target list is available here as well. Access the page.

If your institution has experienced, or is currently experiencing a DDoS attack, contact the Financial Services Information Sharing and Analysis Center’s (FS-ISAC) Security Operations Center (SOC) immediately at iat@fsisac.com for assistance.

E-mail Bulletin - Sign Up Now

The ABA Bank Risk News e-bulletin is a weekly summary of useful information, tips and case studies regarding bank physical & electronic security and emergency preparedness.

ABA Security Network
ABA has a professional network that provides physical security, loss prevention and information security professionals who are employed by ABA members a forum to share ideas. The site is by invitation only. If you are interested, please contact Cheryl Morris.

FSSCC Industry Newsletter
The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security, or “FSSCC”, industry newsletter was created to increase awareness of the group’s activities within not only the financial services sector, but also among other critical sectors and the general public. These newsletters contain high-level overviews of FSSCC efforts, in addition to information on issues impacting to our sector and highlights industry alerts, reports and publications, available resources, and meeting announcements.

The ABA is an active participant in the FSSCC and we hope you find this information helpful. Please feel free to share it with your colleagues and contact Heather Wyson or Doug Johnson with any questions or feedback.

ABA Invites Members to Participate in 2013 Deposit Account Fraud Survey

ABA is encouraging member banks to participate in the 2013 Deposit Account Fraud Survey. The survey is considered one of the most comprehensive in gauging the effect deposit account fraud has on financial institutions and their customers.

Questions added to this year’s survey will address new and emerging threats, including mobile banking and remote deposit capture fraud. All participants will receive a complimentary copy of the full survey report.

For more information and to participate in the survey, contact Benchmarking@aba.com before June 7.

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