This is a document I chanced on via circulation by a colleague who is also an AML Compliance Officer. It is about a new Malware to perpetuate online bank fraud. The 'modus Operandi' is taking negligible amounts from accounts, but amounts to millions and unless the customer pays attention to detail and applies caution, it is hardly noticed. I wish to share same with all members.
In today’s digital society, consumers are used to service anytime, anywhere. The personal experience between consumers and their financial institutions has been lost. Banks are realizing that they must provide a superior customer experience in order to survive and must revitalize the personal relationship in order to do so..
The new agreement reached between Greece and the so-called 'Institutions' after a marathon euro zone summit, The Federal Reserve will, once again, be considering whether to raise its key interest rate for the first time in nearly a decade.