ABA Banking Journal Home
Cyberfraud/ID Theft
Group’s priorities begin with EMV, tokenization, encryption
Quick sharing of fraud information helps stop attacks, mitigate damage
Recent security breaches should not come as a surprise
Demand for security measures disconnects with budget constraints
Working group seeks to speed cyberfraud intelligence sharing
How FIs can help speed things up
Cybercrime on top; accounting fraud, bribery, corruption increase
Visa, First Data pact offers streamlined EMV adoption
Version 1.0 foresees ongoing development, adaptation, collaboration
Companies to work with global law enforcement, private industry
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