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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. |
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. |
Wall Street & Technology January 5, 2007 Larry Tabb |
Preparing for the Inevitable While electronic thefts can be cleaner, less physical and certainly less bloody, the chance of getting money out of a brokerage or bank illegally is usually greater with a gun than a computer. But as the criminals and terrorists get smarter, we too must raise the bar. |
InternetNews March 3, 2005 Roy Mark |
New Senate Bill Looks to Hook Phishers The Anti-Phishing Act of 2005 targets both the e-mail bait and the Web site switch by entering two new crimes into the U.S. Code. |
Bank Technology News March 2011 John Adams |
Crime-Fighting Budgets Awake from Hibernation Crooks didn't go into recessionary mode, so even with the economy recovering, security officers still feel vulnerable, and with good cause. |
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. |
PC Magazine November 29, 2006 Robert Lemos |
Hacking for Dollars Viruses and worms are so last-decade. Today's PC users have to worry more about online burglary than stolen bandwidth. |
Bank Technology News October 2009 James Van Dyke |
Consumers Do Want to Be Partners in Security While many bankers and technology professionals profess a belief that individuals can't be motivated to protect themselves, new Javelin research shows that more than eight in 10 online bankers view security as a shared responsibility. |
Bank Systems & Technology August 24, 2006 Peggy Bresnick Kendler |
Identity Management Addressing the biggest threats to information security for banks. |
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 Systems & Technology May 24, 2007 Maria Bruno-Britz |
Banks Using Security to Increase Customer Trust and Their Bottom Lines Banks realize that information security can increase client loyalty and lower costs. |
Bank Technology News December 2008 Glen Fest |
The Paradoxes Of Mobile Adoption A new Javelin Strategy & Research report reveals layers of paradox involving mobile banking security. |
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. |
Popular Mechanics February 2006 Brian Krebs |
It's 10 PM. Do You Know Where Your Identity Is? Global identity thieves may know their way around your computer better than you do. Learn how to protect yourself in the scary new world of zombies, RATs, Trojan horses and evil twins. |
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? |
InternetNews May 28, 2004 Sean Michael Kerner |
Financial Firms in Hackers' Crosshairs A new survey says IT security attacks on financial institutions have doubled. |
Bank Technology News March 2007 Michael Sisk |
Consumer Security: Trust Isn't Just a Token Concern A survey shows unexpected consumer willingness to try new Web security measures. For banks, it's not just about making them feel safe - it's about driving business forward. |
Bank Systems & Technology August 24, 2006 Nancy Feig |
BITS Releases Insider Fraud Database BITS, a nonprofit consortium of 100 of the largest U.S. financial institutions, released its own insider fraud prevention service, which consists of a list of former financial institution employees who have compromised consumer information and/or knowingly caused financial losses. |
Bank Systems & Technology February 10, 2010 Penny Crosman |
ID Fraud Grew 12% in 2009, But Wells Fargo's Fraud Losses Are Down Javelin Research's latest fraud survey finds identity fraud continues to rise, but losses are down at some banks due to fraud detection technology improvements. |
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. |
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 Systems & Technology May 5, 2007 Maria Bruno-Britz |
Fraud Techniques Evolve in Parallel with Bank Products and Defenses As fraudsters' techniques evolve alongside the products and services offered by financial institutions, new steps must be introduced to stop them. |
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. |
Bank Technology News April 2010 Michael Sisk |
Fifth Third Banks Charts New Security Course Man-in-the-middle attacks and other assaults on the browser are becoming more common and pose a challenge to the whole banking industry. Fifth Third is taking new security measures. |
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. |
Bank Systems & Technology February 22, 2007 Michael Singer |
To Keep Consumer Trust, Try Tokens and Smart Cards Banks and other financial institutions should adopt stronger authentication measures, such as security tokens and smart cards, if they want to increase customer satisfaction with Internet banking, according to a panel of industry analysts. |
Bank Technology News November 2005 Adams et al. |
The Innovators Issue Innovation in banking continues, to the benefit of all customers. Here is an overview of key people, products and issues driving innovation in the financial services industry. |
Bank Technology News December 2003 John Adams |
By the Numbers Identity fraud should be a top-five business priority for line-of-business decision-makers at retail financial institutions. Growth rates are indeed troublesome. |
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. |
PC World March 2006 Anne Kandra |
Banking on the Web: Risky Business? The reality behind the risks, plus how to keep your online transactions secure. |
Bank Technology News September 2010 Tom Leuchtner |
Patrolling the Neighborhood Cyber criminals are employing increasingly sophisticated methods to perpetrate financial crimes. |
InternetNews August 18, 2005 Tim Gray |
Consumers' Online Security Concerns Rising A new study suggests that authentication technologies may help regain online users' trust. |
U.S. Banker March 2004 John Engen |
Identity Victims Get Badly Needed Help Bankers view the industry's first stab at forging a unified response to the problem as a strong signal-sender. "Customers can see that we're banding together to stop this, and we can send a message to criminals that we're not working in a siloed fashion," says Mary Blegen, head of US Bancorp's fraud liaison center. |
Bank Technology News November 2010 Rebecca Sausner |
ING Adds to Its Security Layer Cake ING Direct CIO Rudy Wolfe and SilverTail CEO Tim Eades talk about the value of layers, and how the industry is working together to fight fraud. |
Bank Technology News March 2003 Holly Sraeel |
AML Tech Can Spot Patterns, Detect Odd Behavior Anti-money laundering technology is arming institutions with better tools to fight what the electronic age has made an even more difficult task, particularly with the anonymity of financial clearing and settlement systems and the ability to execute transactions in real time. |
Bank Systems & Technology July 12, 2010 Penny Crosman |
Mobile Banking Usage Nearly Doubled in Past Year, IDC Says The good news: consumers and banks have made great progress in mobile banking adoption. The bad news: it's hard for banks to make money via mobile. |
Bank Systems & Technology September 28, 2005 Maria Bruno-Britz |
Is the End of Cash at Hand? The growing comfort with digital and wireless technologies may be largely responsible for the recent upswing in e-payments. Of course, the trend has not gone unnoticed by the financial services industry. |
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? |
Wall Street & Technology September 17, 2007 Melanie Rodier |
Online Security Attacks Against Financial Institutions Rapidly Increasing Gone are the days of teenagers sitting in their parents' basements trying to hack into a company's computer system just to prove a point. Today, hacking is an organized crime enterprise -- and it is bigger than ever. |
Bank Systems & Technology April 13, 2010 Matt Gunn |
ID Theft, Card Fraud Top Consumer Concerns, Unisys Survey Finds Banks need to go beyond "traditional" fraud prevention efforts, report authors find. |
Bank Technology News November 2008 Maria Trombly |
Mobile Insecurity: Reality or Just hype? The increasing functionality and numbers of mobile banking platforms creates the potential for mobile banking security issues, but industry watchers have widely divergent opinions about how serious the threat really is. |
Bank Systems & Technology November 11, 2007 Peggy Bresnick Kendler |
Online Account Opening Provides Myriad Benefits to Retail Banks From processing efficiencies to high customer satisfaction and competitive differentiation, online account opening can help banks improve customer acquisition and profitability. But it needs to be done right. |
AskMen.com Michael Hirsch |
How To: Deal With Identity Theft You probably don't think about it, but transactions you take for granted every day put you at risk for identity theft. |
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. |
BusinessWeek July 3, 2006 Dean Foust |
ID Theft: More Hype Than Harm Law enforcement officials say the criminals tend not to follow through after stealing personal data. |
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? |
Bank Technology News September 2005 |
Giving Enterprise Security a Bigger Spotlight Financial IT Security's mission is to provide insight, analysis and commentary about the security challenges before financial institutions - and the innovative technologies and services designed to thwart security breaches. |
Bank Systems & Technology November 4, 2003 Cynthia Ramsaran |
Online Banking Comes of Age By keeping up to date with demands from online customers, banks finally are seeing increases in Internet traffic. |
U.S. Banker July 2006 Michael Dumiak |
For Victims of ID Fraud, Losses are Not the Same Age, income and ethnicity factor into who is most vulnerable to identity fraud. The demographics of ID fraud are a call to action for institutions to analyze the trends closely so they can better educate customers. |
Insurance & Technology August 12, 2005 Wendy Toth |
Best Line Of Defense While insurance companies must secure their systems against ever-more-sophisticated attacks, they also must provide safe access to these systems for customers and business partners. |