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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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Technology News
January 2009
Rebecca Sausner
Banks Beef Up The Locks Many U.S. banks are now taking another look at their online authentication technology, and increasingly adding layers that involve out-of-band techniques and stronger fraud-detection engines. mark for My Articles similar articles
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. mark for My Articles similar articles
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 mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
InternetNews
October 29, 2009
Two-Headed Trojan Targets Online Banks New Trojan uses "two-pronged payload" to swipe log-in information, steal electronic funds. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles 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? mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Systems & Technology
October 30, 2007
Nancy Feig
Banks Using Mobile Phone for Out-of-Band Authentication Amid increasing pressure to protect customers online, some of the largest global banks are turning to out-of-band authentication to fortify their Web banking services. mark for My Articles similar articles
Bank Technology News
June 2004
Karen Krebsbach
Firms Flirt with Out-of-Band Authentication Banks weigh whether this cumbersome technology is worth the bother for consumers, particularly for on-line banking. mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Technology News
September 2010
Rebecca Sausner
The FutureNow List 2010 The FutureNow List showcases the state of the art, and state of the bank security industry, in 2010. mark for My Articles similar articles
Bank Technology News
August 2006
Sizing Up Security: Are U.S. Banks Trailing U.K. Banks? If best practices are indeed what the U.S. banking industry seeks with regard to online security, they'll likely find some of the answers across the pond. mark for My Articles similar articles
U.S. Banker
July 2010
Rob Garver
The Cost of Inaction Banks need to help protect commercial clients from online fraud, but face tech hurdles and resistance from clients themselves. Meanwhile, hackers lurk. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Technology News
August 2009
Craig Priess
On the Backs Of Mules: An ACH Fraud Scheme Banks of all sizes should consider additional fraud prevention strategies to counter today's evolving threats. mark for My Articles similar articles
InternetNews
October 24, 2005
Tim Gray
Companies Bid for Authentication Compliance Work Financial institutions are getting started on security compliance regulations. mark for My Articles similar articles
Bank Systems & Technology
September 30, 2006
Maria Bruno-Britz
Zions, ING Pick RSA Risk-Based Authentication Solution Security solutions provider RSA saw its Adaptive Authentication solution implemented at Salt Lake City-based Zions Bank and ING Direct for the banks' online retail banking customers. mark for My Articles similar articles
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. mark for My Articles similar articles
Wall Street & Technology
March 21, 2006
Paul Allen
Add Another Bolt to the Cyber Door Due to enhanced and evolving cyber-threats, financial institutions now must implement some form of multifactor authentication or layered security to protect sensitive customer data. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
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? mark for My Articles similar articles
Bank Systems & Technology
February 18, 2009
Ashfield & Shroyer
Security Management: An Ongoing Challenge for Banks Banks face a difficult challenge in the area of security management. mark for My Articles similar articles
Bank Systems & Technology
May 26, 2010
Matt Gunn
Fiserv, PhoneFactor Partner For Phone-Based Multi-Factor Authentication Authentication services provider PhoneFactor and Fiserv announced a partnership that makes phone-based multi-factor authentication available through Fiserv's Corillian Online banking solution. mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Technology News
December 2010
Rebecca Sausner
ID Firms Put Lawyers On Speed Dial Will StrikeForce Technologies become the next Data Treasury filing suits against the industry's biggest banks and authentication vendors that it says are trampling all over its soon-to-be-issued patent on out-of-band authentication techniques? mark for My Articles similar articles
Bank Technology News
October 2008
Rebecca Sausner
Reconnaissance Leads To Multi-Channel Fraud A conversation with SecurityCurve's Diana Kelly about today's multi-channel fraud play and why online banking customers remain vulnerable to unauthorized access. mark for My Articles similar articles
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. mark for My Articles similar articles
InternetNews
March 3, 2006
Erin Joyce
Neal Creighton, CEO, GeoTrust Digital certificate authority Neal Creighton sees a busy year dawning. The co-founder of GeoTrust explains why. mark for My Articles similar articles
Bank Technology News
November 2009
Rebecca Sausner
AML and Fraud Get Together Experts discuss trends in fraud and AML reporting, technology and regulation. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles
Bank Systems & Technology
October 28, 2004
Ivan Schneider
No Static at All One-time passwords mitigate online banking security risks. mark for My Articles similar articles
Bank Technology News
January 2011
Rebecca Sausner
New Year, New Hacks? The new year is likely to bring more of the same when it comes to criminals siphoning funds from consumers and banks. mark for My Articles similar articles
Bank Systems & Technology
November 1, 2006
Maria Bruno-Britz
Bharosa Introduces Fraud Fighting Network Antifraud and authentication solutions provider Bharosa introduced the Bharosa Fraud Intelligence Network, an industry cooperative fraud detection network designed to help members attack fraud more proactively. mark for My Articles similar articles
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. mark for My Articles similar articles
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. mark for My Articles similar articles