BANKS NEED TO BOX CLEVERER TO FIGHT BANKING CYBERCRIME
July 1st, 2016
Banking security chiefs and their opponents in their opponents in the underworld of cybercrime are fighting a “cold war arms race” with no long-term solution in sight, fraud specialist academics have told Fraud Intelligence.
And if anyone should doubt that this threat is not just profound, but global in scope, witness that Russia’s Federal Security Service (FSB - Federalnaya Sluzhba Bezopasnosti) announced last month that it had arrested 50 members of a gang believed to have been responsible for a Russian Roubles RUB1.7 billion (USD 26.6 million) bank ...
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