Check-fraud versions of phishing scams are a possibility once Check 21 becomes law. According to a recent study by Surrey, U.K.-based Next Generation Security Software, nine out of 10 financial Web sites contain security flaws that could expose them to phishing attacks.
A white paper authored by three fraud experts describes the emerging risks of using check-scanning and storage technology in the financial services industry, and details the potential for a new wave of fraud.
Some experts consider insiders more of a threat than hackers though. Learn more by reading the complete SearchSecurity.com article by clicking here.
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