Blog Post List

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.

Read More

 

Standard wire verification templates can mitigate losses 

Fraudulent electronic transfers plague the banking industry. As criminals become more creative in how they target your customers, it is increasingly important for your staff to follow standard verification and documentation procedures. Implementing standard procedures should be followed for all transfers in an effort to prevent or mitigate fraud. Here, we present a template of one possible wire transfer verification form to use at your bank.

Read More

 

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.

Read More

 

Steps to encourage a harassment-free workplace 

Workplace harassment takes on many forms, making it difficult to tell the difference between normal office banter and offensive or unlawful behavior. Most of us agree that we want our workplace to have a friendly and enjoyable environment. There are some practical steps your bank can take to encourage a harassment-free environment, protecting it from claims and lawsuits.

Read More

 

Court rules in bank’s favor in an account takeover case. 

What does this mean to you?

In a relatively high profile court case, an appellate court ruled in favor of the defendant/bank rather than the plaintiff (the bank’s customer) in a dispute over an account takeover claim and reversed a lower court opinion, ruling that the bank may seek attorney’s fees from the plaintiff. In many respects, the decision handed down will be a significant influence on future court cases and also on security/verification procedures a bank mandates or places on accounts regarding account transfer requests.

Read More

 

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.

Read More

 

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.

Read More