In Assessing Risk, Don't Ignore Spyware Threat

Morgan, Guy
February 2006
American Banker;2/7/2006, Vol. 171 Issue 25, p2A
Trade Publication
This article reports that the financial services industry is under assault from spyware. In a single recent month criminals using spyware-based scams targeted more than 50 major banks, including Citibank and Deutsche Bank, to perpetrate identity theft and obtain sensitive information such as passwords. Last summer, in Financial Institution Letter 66-2005, "Guidance on Mitigating Risks From Spyware," the Federal Deposit Insurance Corp. put banks on notice that threats to their computer security have reached a new level of complexity.


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