Posts in Category: Spotlight

Blog Post List

A Dyre Situation: Malware Targets Corporate Banking Accounts 

First discovered in June 2014, “Dyre” malware has quickly become one of the most prominent banking Trojans targeting corporate customers’ bank accounts today. A system infected with the Dyre malware, which is delivered and downloaded through phishing/spam campaigns, will attempt to harvest customers’ information and online banking credentials to conduct unauthorized transfers.

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Take steps to prevent employee embezzlement of vault cash. 

Some thefts still do occur on the bank’s premises.

Over the past several years, we have seen an uptick in the number of reported claims involving employee embezzlement of vault cash. Be sure that prevention measures are in place and enforced in order to prevent employee theft.

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FBI issues bulletins on Dyre and Carbanak malware 

The FBI released several updates and bulletins to the banking industry regarding two different malware: Dyre and Carbanak/Anunak. The Dyre malware is being used with social engineering in order to get around two-factor authentication typically required by banks for large wire transfers.

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Fleet-footed investigations and prompt remedial action: the new normal 

The following article by Philip Storm, Earl M. (Chip) Jones, III and Greg Keating is reprinted with permission from Littler Mendelson

Whistleblowing has really become a hot issue. In March 2015, the SEC issued a half million dollar bounty award to a whistleblower, serving as a huge reminder to employers–including community banks–to have protocols in place to investigate and respond to internal complaints and concerns. The national law firm of Littler Mendelson, experts in employment and labor laws, shares some insight to effectively address internal concerns to prevent (potentially embarrassing) escalations of situations.

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Welcome to the new abais.com 

Mar, 2015 Categories: News Spotlight
We designed the site to be a comprehensive resource for ABA Insurance Services. Be sure to watch the whiteboard animation video on our homepage to learn more about working with ABA Insurance Services.

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ABA Insurance Services gives back 

Mar, 2015 Categories: News Spotlight

Service is one of the core values of ABA Insurance Services. While we exemplify Service in our daily business interactions, we extended our Service to our community on our 5th Annual Day of Service, December 10, 2014.

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The importance of having a breach response plan in place 

The possibility of a bank’s systems being hacked are increasing, regardless of the size of the bank. In addition to the well-publicized breaches of mega and regional financial institutions, we are witnessing more reports of attacks on smaller community banks. Your bank should have a workable breach response plan in place on which your staff can quickly rely and follow immediately upon the discovery of a breach.

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