Carter Pape

American Banker

Postal carriers charged in $24M Houston check theft

By: Carter Pape

The stolen checks drew on accounts at five banks: JPMorganChase, Citibank, BMO, Stellar Bank and Amegy Bank (a division of Zions Bancorporation).

American Banker

U.S. bank apps are now top target for malware: Study

By: Carter Pape

| Key insight: Every authentication factor a bank delivers to a customer's phone, including SMS codes, push approvals and in-app confirmations, is compromised once malware takes over the device.

American Banker

What banks can do about the latest Chinese hacking campaign

By: Carter Pape

Key insight : Three of the four victims the affidavit details are financial or insurance firms.

American Banker

U.S. banks may need to blacklist UAE branches of Banque Misr

By: Carter Pape

| Key insight : Fincen has proposed a rule that would bar U.S. banks from working with Banque Misr's Emirati branches.

American Banker

Jack Henry refuses to pay extortionists after data theft

By: Carter Pape

Key insight: Jack Henry said it was extorted and that it will not pay. The hackers' deadline then passed without the stolen data appearing.

American Banker

Bank ID vendor traced to a dark web license sale

By: Carter Pape

IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.

American Banker

Researchers find a hole in Microsoft's anti-spoofing fix

By: Carter Pape

Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.

American Banker

BMO payments partner to pay $12M for serving shell companies

By: Carter Pape

Key insight : A consulting firm working for BMO Harris flagged the concentration of disputed charges in one of the processor's lines of business in 2015, and the FTC says the shell accounts kept coming for another eight years.

American Banker

9/11 inspired counterterrorism. Now we have counter-fraud.

By: Carter Pape

Key insight : Fincen rewrote the guidance for a counterterrorism information-sharing program to create a focus on fraud.

American Banker

New York tells banks to find their single points of failure

By: Carter Pape

Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.