http://www.darkreading.com/smb-security/167901073/security/news/229400830/bank-fraud-continues-to-plague-businesses-study-says.html By Tim Wilson Darkreading April 04, 2011 Business banking fraud -- particularly in small and midsize companies -- is still causing major problems for both the businesses and the banks that serve them, according to a study published today. The "2011 Business Banking Trust Study," a follow-up to a similar study conducted last year, was written by Ponemon Institute and sponsored by Guardian Analytics. This year's numbers suggest that the banking fraud situation has not improved since 2010. "The industry has not moved the needle in addressing the corporate account takeover and fraud plaguing SMBs and their financial institutions," the report states. "The data shows that fraud is still pervasive, money is leaving accounts unnoticed at an alarming rate, and businesses will leave their banks because of it." Fifty-six percent of businesses experienced fraud in the past 12 months, according to the study. Of those that experienced fraud, 61 percent were victimized more than once. Seventy-five percent of the victims experienced online account takeover and/or online fraud. These figures are nearly the same as last year's, the researchers say. [...] ___________________________________________________________ Tegatai Managed Colocation: Four Provider Blended Tier-1 Bandwidth, Fortinet Universal Threat Management, Natural Disaster Avoidance, Always-On Power Delivery Network, Cisco Switches, SAS 70 Type II Datacenter. Find peace of mind, Defend your Critical Infrastructure. http://www.tegataiphoenix.com/Received on Mon Apr 04 2011 - 23:26:47 PDT
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