Title:Synthetic Identity Fraud in the U.S. Payment System
Summary:Synthetic identities can be used to deceive government or corporate systems into thinking they are real people – creating far-reaching impacts on the U.S. financial system, healthcare industry, government entities and individual consumers. While synthetic identities are sometimes used without criminal intent, there are serious consequences when criminals use them to steal funds.
PublishDate:7/11/2019 12:00:00 AM
Title:Ransomware: Prevention and Response to an Attack
Summary:The GIOC has recently observed an increase in notifications concerning ransomware events. Ransomware is a type of malicious software cyber actors use to deny access to systems or data. In these events, a malicious cyber actor holds systems or data hostage until a ransom is paid. If ransom demands aren’t met, the system or encrypted data remains unavailable or data may be erased.
PublishDate:6/3/2019 12:00:00 AM
Title:Federal Reserve Requests Comment on Potential Modifications to Operating Hours
Summary:The Federal Reserve Board requests comment on potential modifications to the Federal Reserve Banks' National Settlement Service (NSS) and Fedwire® Funds Service to support enhancements to the same-day ACH service and on corresponding changes to the Federal Reserve Policy on Payment System Risk related to a new posting time for transactions and an increased daylight overdraft fee.
PublishDate:6/3/2019 12:00:00 AM