The Federal Deposit Insurance Corp. (FDIC) today issued a list of best practices for financial services firms that details how to protect against spyware, which the agency said can be used by criminals to collect customer data or hack into banking systems.

“It is critical that banks stay vigilant about the risks involved with this malicious software and take appropriate action so that they and their customers do not fall victim to it,” said Michael Zamorski, director of the FDIC’s Division of Supervision and Consumer Protection. Full Story