Week In Review: 4 Key Regulatory Issues of 2011, and Card Skimming Fraud Threats

Tracy Kitten (FraudBlogger) • December 17, 2010 5 Minutes

A panel of regulators and industry experts weighs in on the top 4 regulatory issues of 2011, and card skimming attacks get more sophisticated the world-over.Here's a list of some of this week's most compelling content on BankInfoSecurity.com:

4 Key Regulatory Issues of 2011. Authentication, mobile banking and consumer protection made the list of the top 4 regulatory issues expected to hit the financial industry in 2011. New guidance is on the way, a panel of federal regulators and industry experts predicts;
2011 Card Skimming Fraud Threats. Jeremy King, European director of the PCI Council, says organized crime is getting more sophisticated, but international collaboration and compliance with data security standards are having a positive impact; and
More Bank Failures, New Opportunities. Bank and credit union failures are up from 2009, and the shuttering of smaller institutions leaves a financial void for certain segments of the population. But it's not a completely gloomy forecast. Challenges pose opportunity for the banking institutions that are left standing, especially in the area of innovation.

Please listen to this roundup, and check out all of the month's and week's news and views on BankInfoSecurity.com.