Check fraud - it not only won't go away, but
it is morphing to keep pace with consumers'
digital banking habits. Although the number of checks written by consumers has decreased significantly, the
reverse is true about dollars lost to check fraud.
David Barnhardt, Vice President of Product
In 2013, Apple introduced Touch ID, a biometric technology that brought convenient fingerprint recognition to a mass consumer
audience. Banks have gravitated to Touch ID
because it provides them with a device-based technology
they may leverage to secure the mobile banking platform, and,
in turn reduce their costs...
The FFIEC's Cybersecurity Assessment Tool is already being integrated into regulators' cybersecurity examinations, says Gartner analyst Avivah Litan. But the tool has so far led to more confusion than clarity, she says, and must be enhanced in 2016.
In terms of malware, 2015 will go down as the year that ransomware got big, and the organized criminals behind it got bolder. IBM's Limor Kessem discusses what to expect from advanced malware variants in 2016.
Historically, innovation within the financial services industry has moved at a glacial pace. A combination of factors limited institutions such as compliance obligations, dependence on complicated infrastructure, and a riskaverse approach to security. An environment was created where innovation was perceived as risky...
Banks can no longer view mobile banking as a "new channel" or optional service. It is now the preferred form of banking for an entire generation of customers and, arguably, the single biggest banking innovation since the advent of the ATM.
Banks in particular have gravitated to Touch ID technology because it...
As banking customers migrate to mobile channels, criminals are developing inventive new ways to commit fraud. In a video interview, Peter Klimek of Kaspersky Lab addresses the changing threat landscape and ways to improve cybersecurity.
With the growing popularity of mobile banking, multiple new threat vectors are being introduced and many are already being widely utilized for malicious purposes. This makes security and fraud prevention one of the key concerns for many banks. At the same time, as users demand more convenience, mobile banking has the...
Julie Conroy of the Aite Group analyzes why a new report shows most top-tier North American banking institutions expect to increase their spending on online and mobile fraud mitigation in the next two years.
When Benjamin Wyrick of VASCO Data Security looks toward 2016, he sees financial institutions embracing new mobile banking apps that are at once convenient and secure. What are the keys to making his vision a reality?
For banks with strong mobile offerings, the huge demand for mobile RDC services is a major opportunity to win new customers. However, the increased usage of mobile
RDC services can also increase fraud risks. Specifically, fraud-related remote deposit losses, which were previously only seen in the commercial sector,...
When it comes to mobile applications, you have to adapt fast.
This white paper from VASCO will help you explore:
Today's mobile application ecosystem;
The risks and challenges faced in today's mobile marketplace;
Guide you on your way to an application security strategy that strengthens protection, reduces...