Similar Articles |
|
Bank Technology News April 2005 John Adams |
The Cost of Doing Business The debate over multi-factor authentication for electronic transactions is growing louder, and many say industry-wide use is virtually inevitable for banks. So why is almost nobody doing it? |
Bank Technology News November 2007 Glen Fest |
Online Authentication: Multifactor Race Nears Finish Line Nearly a year after half of all U.S. institutions missed the deadline to adopt stricter FFIEC guidelines for online authentication, analysts say that banks have finally, and almost universally, put their multifactor and other risk-mitigation layers in place. |
Bank Systems & Technology October 28, 2004 Ivan Schneider |
No Static at All One-time passwords mitigate online banking security risks. |
Bank Systems & Technology August 2, 2005 Phil Britt |
Fighting the New Face of Fraud Technology plays a critical role in banking fraud, both in creating new opportunities for fraud and offering new methods to defend against it. Financial services institutions must take a holistic approach to combating fraud. |
InternetNews October 24, 2005 Tim Gray |
Companies Bid for Authentication Compliance Work Financial institutions are getting started on security compliance regulations. |
Bank Technology News January 2007 Glen Fest |
Online Security: User-Driven Tokens On The Upswing Banks have spent the last two years steering their users to behind-the-scenes, no-fuss security tools for enhanced online authentication. This year, millions of customers may be asking banks to let them drive for awhile. |
U.S. Banker February 2005 Michael Sisk |
A Phish Story Phishing attacks (in which thieves send mass e-mails supposedly from reputable businesses) are expected to more than double in 2005, and are spreading to small banks. |
Bank Technology News August 2006 Glen Fest |
Multi-Factor Authentication: Two-Factor Timing Twists Up Bankers The FFIEC's guidelines for adopting multi-factor authentication includes a hard deadline with apparently soft parameters. But will haste end up producing waste? |
Wall Street & Technology December 19, 2007 Melanie Rodier |
U.S. Banks Are Targets in 60 Percent of Worldwide Phishing Attacks Phishing attacks against global banking brands target U.S. institutions most, according to security solutions provider RSA. |
InternetNews November 11, 2005 Jim Wagner |
Report: ID Theft Haunting Bank Customers Banks need to address the growing concern among their customers over ID theft, or risk losing them. |
Bank Technology News May 2010 John Adams |
Out of Band Finds Its Voice Against Hackers Institutions are ready to embrace new protections that take advantage of SMS, voice biometrics or secure browsers to further authenticate users and transactions. |
Bank Systems & Technology April 7, 2006 Peggy Bresnick Kendler |
Security Outlook A plethora of high-profile data breaches and concerns about identity theft have put the banking industry on high alert. To secure their information assets, banks must implement a cross-channel, multilayered approach that extends beyond technology. |
InternetNews October 29, 2009 |
Two-Headed Trojan Targets Online Banks New Trojan uses "two-pronged payload" to swipe log-in information, steal electronic funds. |
Bank Technology News June 2006 |
If It's Loyalty You Seek, Forget Fees For Credit Monitoring At a time when customers are worried about becoming victims of ID theft, banks have a huge opportunity to cement relationships by offering free credit monitoring services to all customers. |
Bank Technology News March 1, 2008 Glen Fest |
Thwarted On-Line, Crime Looks to Past A new identity theft report survey finds a continuing overall decline in fraud numbers and victims, but unfortunately a rapidly rising number of "vishing" and other hands-on alternatives to catching consumers off guard. |
Bank Technology News February 2007 Glen Fest |
Identity Fraud: ID Theft Victims, Losses Take Welcome Nosedive New account vulnerabilities are toughened, but 'vishing,' limited alerts practices, and consumers' misguided personal trust in acquaintances still leave the doors wide open. |
Bank Systems & Technology May 8, 2007 Deena M. Amato-McCoy |
Fear Of Identity Theft Discourages Consumers From Banking Online Proactive security measures increase online banking confidence and use, study says. |
Wall Street & Technology March 18, 2008 Cory Levine |
Identity Fraud on the Decline Despite the hype, identity fraud is on the decline, according to a new survey. But as fraudsters return to traditional channels, such as phone lines, to steal the trusting public's personal information, few financial institutions have implemented multifactor authentication for telephone banking. |
Bank Technology News December 2007 |
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance? |
Bank Systems & Technology July 28, 2006 Gregg Keizer |
Phishers Beat Citibank's Two-Factor Authentication Nearly three-dozen phishing Web sites have targeted Citibank business customers with a new scheme that circumvents two-factor authentication. |
U.S. Banker October 2007 Lee Conrad |
Privacy Push: Banks Chafe Against Move To Block Use of SS Numbers Two major federal efforts to curb the widespread use of Social Security numbers are putting banks-the largest private-sector users of those nine sensitive numbers-on defense. |
Bank Systems & Technology June 26, 2006 Deena M. Amato-McCoy |
Closing the Door on Criminals Banks need a consistent approach to fraud assessment and prevention, otherwise they will never truly get ahead of the problem. |
InternetNews June 16, 2004 Clint Boulton |
ID Theft Costs Victims $2.4B in One Year New Gartner research says millions are duped by online fraudsters through scams such as phishing. |
Bank Systems & Technology March 7, 2005 Cynthia Ramsaran |
ID Theft Hits Paper Harder Despite growing fears of online fraud related to Web-based banking services, the increase in identity theft is hitting consumers closer to home than in cyberspace. Identity theft crimes are more often committed off-line rather than online. |
Bank Systems & Technology August 24, 2006 Peggy Bresnick Kendler |
Identity Management Addressing the biggest threats to information security for banks. |
Bank Technology News August 2006 Glen Fest |
Choosing Authentication Solutions: Vetting Vendors, Soothing Customers Banks face tough choices today in building anti-fraud resiliency, from selecting providers to meeting user preferences. Will they be happy with those choices tomorrow? |
Bank Systems & Technology December 1, 2005 Eileen Colkin Cuneo |
Dealing With Data Theft After the Fact When a security breech occurs, a company handling it right can flip the negative into a positive and earn customers' respect and appreciation. If they handle it wrong, and the business will fight the stigma of being an untrustworthy organization indefinitely. |
InternetNews August 18, 2005 Tim Gray |
Consumers' Online Security Concerns Rising A new study suggests that authentication technologies may help regain online users' trust. |
OCC Bulletin September 8, 2004 |
FFIEC Customer Brochure To assist depository institutions' efforts in raising customer awareness of identity theft and similar crimes, "Protecting Customers' Personal Financial Information" outlines steps bank customers should take to reduce the risk of identity theft. |
InternetNews June 23, 2005 Roy Mark |
Confidence in E-Commerce Waning Gartner survey shows one of out three Internet users buying less online, largely because of concerns over data security. |
InternetNews June 22, 2004 Sean Michael Kerner |
MasterCard Charges Phishers The credit card company does its part to combat phishing phenomenon. |
InternetNews November 8, 2005 Clint Boulton |
Liberty Needs to Know Who You Are The Liberty Alliance Project creates a group to help companies bring authentication into their folds. |
Bank Technology News January 2008 Michael Sisk |
Compliance: Raising Red Flags On ID Thievery New regs aim to clamp down on ID theft by mandating that banks look for certain "red flags." A noble enough goal, but will bankers be able to comply by next November's deadline? |
Bank Technology News March 2007 Holly Sraeel |
Protecting Data Online Is a Top Priority for Consumers Today, consumers recognize that fraud is no laughing matter. According to a study, 41% of respondents would decrease their use of online banking or switch institutions in the wake of a data breach. |
Bank Technology News April 2006 Glen Fest |
Fraud Prevention: Engaging More Than The Enemy Banks could improve anti-fraud measures if they provided tools that draft customers into the battle. But it's not that simple for an industry still rife with soft spots. |
Bank Systems & Technology July 22, 2008 Orla O'Sullivan |
RSA Offers New Security Tokens for Online Banking RSA says one U.S. bank and several abroad are testing the Bedford, Mass.-based vendor's first security token modeled on a credit card. |
Bank Systems & Technology May 3, 2005 Deena M. Amato-McCoy |
Creating Virtual Value By integrating business channels, consolidating customer histories and beefing up security, banks are improving their online offerings to provide customers with all the conveniences of branch banking in the comfort of their own homes. |
Bank Technology News September 2006 |
Homeland Insecurity One of the toughest battles for bankers may be in combating online security breaches and sophisticated money laundering schemes. |
Bank Systems & Technology August 30, 2005 Maria Bruno-Britz |
Maximum Security Although all industries are susceptible to data theft, the costs in terms of reputation and dollars are particularly steep in financial services, and most banks are taking measures to reduce the risks associated with handling consumer data. |
Bank Technology News August 2006 John Adams |
Authentication: Managers Of ID, Fraud Are Red Hot EMC's purchase of RSA was just the start. It was quickly followed by Entrust's acquisition of Business Signatures. Expect others. |
Bank Systems & Technology November 26, 2007 Maria Bruno-Britz |
Javelin Finds More Banks Using Multi-factor Authentication With the FFIEC deadline for implementing multifactor authentication now but a memory, banks have improved their efforts to secure customers' information, according to a study. However, there is more banks can do. |
U.S. Banker December 2005 |
Authentication: FFIEC Commands Two-Factor ID by 2006 The Federal Financial Institutions Examination Council issued guidance requiring multi-factor authentication for on-line banking customers by the end of 2006. |
U.S. Banker May 2004 |
Counterfeit Checks are The Forgotten Fraud With all the attention on ID theft, old-fashioned check fraud is getting easier than ever. It may actually account for the majority of cases categorized as identity-related crime. |
Bank Technology News May 2007 Glen Fest |
Identity Fraud: Banks Offer ID Theft Resolution Services A Tennessee bank gets surprising demand for an ID theft resolution service it is private labeling from Worldwide Assistance. Customers are even willing to pay for the luxury. |
Bank Systems & Technology December 21, 2009 Nathan Conz |
Fraud: Social Media Heightens New Threats As fraudsters increasingly seek to exploit weaknesses in consumers' defenses through social engineering schemes rather than hack vulnerabilities in banks' security systems, the need for enterprisewide solutions to detect fraud across channels is greater than ever. |
Bank Technology News July 2005 Glen Fest |
Profiling: The DNA Of Fraud Rings ID Analytics spent two years studying criminals who traffic in fake and stolen IDs for attempted financial services fraud. It discovered the ways how they succeed-and how they don't. It isn't pretty. |
InternetNews March 18, 2005 Erin Joyce |
Bruce Schneier, CTO, Counterpane Internet Security An interview covering the weakness of 2-factor authentication on the Internet, managed security services, software insecurity, and advice for lawmakers. |
Bank Technology News April 2004 Karen Krebsbach |
Goin' Phishing Growing e-mail attacks threaten banks' bottom lines |
Bank Technology News February 2007 Andrea Klein |
Losses Rise If Reputation is Compromised The banking industry has begun to recognize the true cost of a tarnished reputation. The next and more challenging step for many is mitigating reputational risk, especially as it relates to online security breaches. |
Bank Technology News April 2004 Michael Grebb |
Forgotten Fraud: Counterfeit Checks Banks lost $698 million from scams in 2001 |