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Bank Technology News June 1, 2008 Rebecca Sausner	SocGen Loss Lights a Fire Under Execs Financial services firms around the globe are now scrambling to examine their employee fraud detection processes and practices, and turning to the handful of tech vendors in the space to bring them up to speed.
Bank Technology News November 2008 Rebecca Sausner	New Methods to Bust Transaction-Level Fraud A 40 percent increase in the amount of ATM and debit fraud detected could probably pay for the technology investment behind it pretty quickly, given that debit fraud in the U.S. is a $1 billion -- and growing -- problem, with few solutions.
Bank Systems & Technology October 1, 2009 Maria Bruno-Britz	Fiserv Introduces Upgraded Fraud and AML Solutions Fraud Risk Manager 4.6 and AML Manager 4.6 were designed to work on a unified platform to enable an enterprise risk view.
Bank Technology News September 2008 Anthony Malakian	Budgets Inch Up The top priorities for bank security spending are fraud detection for money transfers and an AML system, followed by fraud detection for online banking.
Bank Systems & Technology October 1, 2007 Peggy Bresnick Kendler	Banks Are the First Line of Defense Against Money Laundering Databases and modeling tools are among the systems helping banks analyze the data required to understand customers, monitor millions of transactions and identify suspicious behavior.
Bank Technology News October 2009 Michael Sisk	Wire Fraud's Growing Threat Just how big a problem wire fraud has become is a matter of some debate -- confusion fueled in part by banks' and businesses' reluctance to speak openly about it.
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 Technology News March 2011 Rebecca Sausner	FFIEC to Revisit Online Protection Banks' security for online accounts hasn't kept pace with the threat landscape, regulators say, and sources say the FFIEC may soon update its 1995 guidance on securing online banking transactions.
U.S. Banker June 2009 Rebecca Sausner	On the Hunt to Catch the Thief Within As employees and criminals alike react to the financial pressure of the recession. bank fraud is going up dramatically.
Bank Technology News March 2007 John Adams	Offline Fraud Continues to Flourish in an Online World Web fraud gets the headlines, but offline fraud accounts for a high percentage -- almost 70% -- of operating losses. It's a problem that IT pros ignore at their peril.
Bank Director 4th Quarter 2010 Chris Costanzo	Don't Compromise Your Card Business Third parties can create a panoply of security challenges for card-issuing banks and the stakes today are higher than ever.
Bank Systems & Technology June 20, 2008 Maria Bruno-Britz	Banks Are Not Ready for Red Flag Regulation Many banks are not prepared to comply with the new "red flag" regulations, which call for tougher fraud prevention to protect consumers' personal data.
Bank Systems & Technology April 28, 2008 Paul L. Lee	Integrating Systems Essential to AML and SAR Compliance To follow regulators' requirements, banks must leverage and coordinate compliance, risk management and IT department efforts.
Bank Technology News April 2009 Rebecca Sausner	Insider Fraud Swells as Banks Suffer These kind of losses go straight to the bottom line, so it's not surprising that despite the recession, banks are continuing to spend on fraud detection.
Wall Street & Technology October 23, 2007 Melanie Rodier	Financial Firms Continue to Struggle to Plug Security Loopholes New technologies, such as pattern analysis, as well as awareness and training can help financial services firms keep hackers at bay.
Wall Street & Technology March 21, 2006 Cory Levine	3 Keys to Effective AML An expert offers anti-money laundering advice to financial firms: 1. Risk Assessment... 2. The Four "Musts" That Are Looked at by Regulators and Law Enforcement... 3. Know Your Customers and Know Your Employees...
Bank Systems & Technology June 1, 2005 Phil Britt	Building a Better Money Laundering Trap After seeing the stiff fines imposed on larger financial institutions, executives at Provident Bank wanted to make sure the bank had a strong, automated method to handle anti-money laundering reporting requirements
Bank Systems & Technology February 21, 2008 Nancy Feig	Regulators Focused on Anti-Money Laundering Anti-money laundering professionals believe a risk-based approach is critical to the success of an AML program, the survey reveals.
Wall Street & Technology August 22, 2007 Melanie Rodier	Employee Fraud Not Being Properly Addressed By Financial Industry, Government, Survey Says Financial institutions widely believe employee fraud to be driven by increased access to technology, poor hiring and screening practices, and organized crime, according to a new survey.
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 Technology News September 2008 Rebecca Sausner	CEP Moves from Equities to Retail With data coming in at more than 1,000 events per second, complex event processing technology has eclipsed many traders with its ability to make sense of hundreds of pieces of data at once, and hopefully profiting from fleeting inefficiencies in markets.
Bank Technology News May 2009 Rebecca Sausner	Phone Fraud Advances Biometrics Fighting external fraud has become like whack-a-mole; with the online channel increasingly secure, organized crime has taken to exploiting the weaknesses in the call center
Bank Systems & Technology February 29, 2008 Nancy Feig	Internal Fraud Still a Danger as Banks Adjust Strategy Internal fraud occurs every day at banks across the world. New internal fraud-detection technologies allow banks to identify suspicious employee behavior.
Bank Systems & Technology September 3, 2009 Nathan Conz	Oracle Mantas Fraud Released The new release of Oracle Mantas Fraud gives banks an integrated view across accounts, customers and business lines to facilitate earlier detection of fraud schemes and financial crime rings, and enhance loss prevention and mitigation efforts.
Bank Systems & Technology December 1, 2003 Jim Middlemiss	Fifth Third Stays Seven 'Steps' Ahead of Fraud Bank implements seven new fraud-detection systems to fight check and ID fraud.
Bank Technology News June 1, 2008 Chris Belthoff	Effective AML Demands Centralization Taking steps to establish a financial intelligence unit has many benefits and few, if any, downsides.
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.
U.S. Banker December 2009 Glen Fest	It's a Jungle in There Financially distressed workers are becoming a prime fraud worry for banks. But is it enough to prompt more investment in prevention?
Bank Systems & Technology August 27, 2009 Maria Bruno-Britz	Evolving Fraud Schemes Keep Pressure on Evolving Payments Instruments While some of the latest schemes borrow from scams past, today's fraud schemes are as sophisticated as banks' most advanced payments systems. And stopping them is still a challenge.
Bank Technology News March 2006 Glen Fest	Money Laundering: Correspondent Bankers: How Much Is Enough? New Treasury guidelines on how banks are to comply with customer and asset identity don't smooth nerves frayed by high-profile busts for lax AML controls.
Bank Technology News December 2009 Rebecca Sausner	Out-of-Band Authentication Gets Outfoxed Banks in the United Kingdom are battling fraudsters that have found a way to compromise out-of-band authentication-an approach supported by many fraud experts.
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.
U.S. Banker December 2004 Karen Krebsbach	Fear Factor The banking industry is feeling blindsided. Stunned by the recent escalation in anti-money-laundering enforcement-punctuated by the International Bank of Miami, AmSouth and Riggs cases--the industry is on the defensive.
Bank Technology News February 2011 John Adams	WikiLeaks Wakes Up Fraud Innovation There's good reason for the banking industry to be alarmed: Prevailing AML protections designed to flag suspicious transactions won't sniff out "WikiLeaks-style" actions, which skirt most tech guards through via hard-to-detect internal access.
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 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.
Wall Street & Technology October 27, 2003 Jim Middlemiss	Finding a Needle in a Haystack One of the main difficulties in complying with the U.S.A. Patriot Act is sifting through the huge amount of information financial services firms process every day.
Bank Technology News October 2004 Holly Sraeel	Fraud is Rising, But Victims, Banks are Fighting It Talk about fraud in banking circles and one will inevitably hit a nerve.
Bank Systems & Technology March 10, 2010 Penny Crosman	Rise in Online Banking Fraud Costing Banks Customers, Study Says Ponemon Institute/Guardian Analytics study finds 40 percent of small and medium businesses change banks after a fraud incident.
Wall Street & Technology July 27, 2004 Jessica Pallay	Analyzing AML Audits After years of preparation, regulators are ready to see the fruits of Wall Street's hard work on anti-money laundering.
Bank Technology News December 2007	Enterprise Fraud Management: HSBC Boosts Bottom Line with Anti-Fraud Tool Given the credit-market turmoil of late, tightening risk controls and deploying better risk analytics firmwide can only be a good thing for financial institutions.
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 Systems & Technology March 27, 2008 Maria Bruno-Britz	Spitzer Exposed by Bank's Anti-Money Laundering Technology The discovery of Eliot Spitzer's involvement with a prostitution ring can be attributed in great part to routine anti-money laundering processes and technologies.
Bank Systems & Technology March 30, 2007 Maria Bruno-Britz	Banks' AML Strategies May Increase Risk Factors While technology can assist a bank's anti-money laundering efforts substantially, there's no one-size-fits-all solution.
Bank Systems & Technology July 23, 2010 Penny Crosman	KeyCorp Building Analytic Tools to Prevent Fraud The company is starting a two-year project to create analytics that will find and address fraud in real time, before transactions are completed.
Bank Systems & Technology February 18, 2009 Sabatini & McAvoy	Smart Tech Decisions Can Optimize AML Performance Three key steps can increase the value of any investment in anti-money laundering technology.
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 2010 Robin Arnfield	Community Banks Tackle Anti-Fraud Tech Digital Resolve's Analysis Engine offers regional and community banks alerts about suspicious transactions every 10 minutes.
Bank Systems & Technology April 18, 2008 Maria Bruno-Britz	news/internet/google The development of a fraud taxonomy model can become an important tool in promoting financial institution collaboration in the war on fraud.
Bank Systems & Technology May 24, 2007 Nancy Feig	International Fraud Could Be Slowed By Data Sharing, Study Shows First Data study reveals that data sharing could be the key to stopping cross-border bank fraud.