Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
International law enforcement agencies last week touted the takedown of 36 websites that were used to sell stolen debit and credit data for more than 2.5 million accounts. But how much of an impact will the takedown ultimately have on card fraud?
Accretive Health Inc., a Chicago-based medical debt collection agency, has filed a motion to dismiss the Minnesota attorney general's lawsuit against the company that stems, in part, from a data breach incident involving a stolen unencrypted laptop.
Minnesota Attorney General Lori Swanson has issued a six-volume investigative report on Accretive Health Inc., a medical debt collection company that her office sued in January in connection with a data breach incident and other business practices.