| Banks and Banking Information Illegal Activities. |
| Click on the blue button for a summary of information at the site |
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| Websites linked to from this page hopefully provide useful information on how companies can be victimized by fraudulent and illegal activities related to bank accounts. |
| A Management Accounting Information Center article “Finding Bank and Banking-related Information On the Internet” should help accountants and managers needing banking-related information for decision-making. Please click the home logo at the top left of this page to access this article. |
| Check fraud. |
| Identity theft. |
| Money laundering. |
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| A Yahoo Pipes Search Product Search Blogs for Banking Information This Yahoo Pipes product searches several banking blogs for results related to the terms you enter in the box. The purpose of this product is to quickly extract information from a pipe of feeds containing banking information. Click here to go to this Yahoo Pipes product. Right clicking should lead to being able to open a new window. |
| The graph below was created using Google’s graphing tools.
The vertical bar graph shows the relative value of categories of stolen information (and some services, e.g. cash-out services) that criminals sell in the underground economy. The data in the graph is from a study done by First Data titled “Fraud Trends in 2010: Top Threats from a Growing Underground Economy”. The data from the First Data study is based on a 2008 study done by Symantec. The First Data study can be read by clicking here (PDF file). Symantec analyzed underground economy websites where illegally-obtained information was posted for sale. The percentages on the graph are of total sales value on the underground economy websites that Symantec estimated each of the 10 illegally-obtained listed information (and service) categories accounted for. Symantec found that for the period they looked at the advertized offerings on the websites the total sales prices for all offerings was around $276 million. And, after further analysis, Symantec found that credit card information sales offerings represented 18% (the most of the categories) of the $276 million, and the other top 9 sales offerings are as shone on the graph. Symantec’s 2008 study can be read by clicking here (PDF file). |
| The graph below was created using Google's charting tools.
This vertical bar graph shows the top 11 suspicious activities reported by US banks (depository institutions) to the US government as a percentage of the total number of all suspicious activities reported. The data in the graph was obtained from a US Department of the Treasury report titled “The SAR Activity Review – By the Numbers” and Excel spreadsheets that can be linked to from the report. To read this report click here (PDF file). The US government requires banks (depository institutions) and certain other businesses (money services; casinos; and the securities industry) to report suspicious activities using a reporting system program. More can be read about this reporting system program by going to the Treasury Department agency (The Financial Crimes Enforcement Network or FinCEN)’s website responsible for the reporting system program. Click here to go to this website. |
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