Online Banking Fraud to Surge

Banks implement new federal guidelines, but process is slow for some.

Avivah Litan of Gartner Group Avivah Litan of Gartner Group

While banks take a measured approach at best in implementing regulatory guidelines aimed at curbing online corporate account fraud, cyber criminals are speeding ahead with their nefarious efforts.

Online threats have morphed from pesky viruses and Web sites designed to elicit passwords and other private information to “man-in-the-browser” malware that hijacks a company’s browser to carry out transactions and drain funds from bank accounts.

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