White Paper

The Cyber Crime Wave: What Bankers Need to Know

By Chris Swecker, Financial Crimes Consultant and former Assistant Director, FBI

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November 2016

In his insightful white paper The Cyber Crime Wave: What Bankers Need To Know, Chris Swecker, former Assistant Director of the FBI discusses the pervasive risk presented by cyber criminal networks that “target financial institutions and their customers”.

Swecker provides much astute advice to financial crime investigators with regard to their efforts to combat cyber crime. Just one of the many specific examples he cites is how financial institutions can access the National Cyber Forensic Training Alliance (NCFTA) rich and useful database regarding money mules and their “herders”. He recommends that “bank employees from the teller to the back office fraud detection and investigation specialists should know and be able to recognize mule behavior and tactics”.

He also presents a host of valuable best practices for a financial institution’s cyber risk mitigation strategy.


Chris Swecker

Financial Crimes Consultant and Attorney
Assistant Director, FBI (retired)
former Global Security Director, Bank of America

Chris Swecker has 30 years of experience in law enforcement, national security, legal, and corporate security/risk management. Swecker served 24 years with the Federal Bureau of Investigation (FBI) before retiring as Assistant Director of the FBI’s Criminal Investigative Division. He was responsible for eight FBI divisions including Cyber, Criminal, International Operations, Training, Crisis Management, Operational Technology, Criminal Justice Information and the Law Enforcement Liaison office encompassing more than half of the FBI’s total resources. Swecker also served as the FBI’s On Scene Commander in Iraq in 2003 where he led a team of FBI Agents conducting counter-intelligence and terrorism investigations.

Tagged as...

  •   314(b) Information Sharing
  •   Account Takeover
  •   Crime Rings
  •   Cybercrime
  •   Money Laundering
  •   Wire Fraud

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