Online hackers use of a complex array of malicious software to gain access to bank accounts has spurred the U.S. Treasury to require more detailed suspicious activity reports to uncover the schemes. Even seemingly minor changes in account activity, such as an increase in wire transfers, automated teller machine (ATM) activity or automated clearing house (ACH) transactions, may mean a business or personal account is being controlled by hackers, according to guidance issued Monday by the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). The guidance comes as cyber criminals are "being more aggressive and going after all banks, particularly smaller...
U.S. lawmakers proposed legislation Wednesday to combat the pilfering of tax refunds, now the most common type of identity theft-related fraud in the country.
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