The Federal Financial Institutions Examination Council (FFIEC) issued a statement to notify financial institutions of a type of large dollar value automatic teller machine (ATM) cash-out fraud characterized as Unlimited Operations by the U.S. Secret Service. FFIEC is aware of a recent increase in cyber-attacks launched in connection with this fraud, to gain access to, and alter the settings on, ATM web-based control panels used by small- to medium-size financial institutions. Unlimited Operations may cause financial institutions to incur large dollar losses. With this increased fraud, FFIEC expects financial institutions to take steps to address this threat by reviewing the adequacy of their controls over their information technology networks, card issuer authorization systems, systems that manage ATM parameters, and fraud detection and response processes.
Who Should Attend
Fraud Management Staff, Payments Professionals, Compliance Management Staff, Electronic Banking Management/Staff, Internal Auditors, Risk Managers, Deposit Operations Management/Staff, Senior Management, Executive Management, Enterprise Risk Management
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.