Regulators have hinted at it, and industry experts say it's coming. U.S. banking institutions can expect to see new guidance for mobile banking. The open questions are: When, and in what form?
IT security provider Symantec says it identified multiple publisher identifications on the Android Market that are being used to push out Android.Counterclank, which it characterizes as a bot-like threat that can receive commands to carry out certain actions, as well as steal information from the device.
Risk assessments are over. Now it's time for institutions to prove they conform to the FFIEC's Authentication Guidance. Fraud expert George Tubin offers tips to prepare for the first regulatory exam.
It's been more than 10 years since enactment of the Gramm-Leach-Bliley Act (GLBA). But the fundamental security tenets of GLBA are just as relevant today - especially as banking institutions look to conform to the recently released FFIEC supplement, "Authentication in an Internet Banking Environment."
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Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
When it comes to employee-owned mobile devices, many organizations want to run away from the security risks of the bring-your-own-device-to-work trend. Intel chose to run toward them.
In an exclusive case study, Intel CISO Malcolm Harkins details the security challenges and business opportunities of BYOD. And he...
Bringing Your Own Device raises jitters among employers, who worry about exposing or losing sensitive data, and employees, who fret about their bosses spying on them. Despite these anxieties, the trend will continue because that's what people want.
The Europay, MasterCard, Visa standard, commonly used in most global markets, is coming to the U.S. The sooner issuers, acquirers and merchants initiate migrations, the better, says Stephanie Ericksen, head of authentication product integration at Visa.
U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
As bank examiners begin applying the updated FFIEC Authentication Guidance, many financial institutions will find that their current security practices do not stand up against the strengthened requirements. Arm yourself with the knowledge you need to begin shoring up your authentication controls before your next bank...
Steven VanRoekel says the mobile revolution will fundamentally change the way the federal government serves the public and its employees. But in outlining the Federal Mobile Strategy, the federal CIO hardly mentions security and privacy.
Intel CISO Malcolm Harkins explains why Intel embraced the bring-your-own-device trend and made it part of a strong mobile technology policy that revolves around employee accountability.
What are consumers looking for when it comes to mobile banking and payments? Javelin's Mary Monahan says security and functionality rank high on the list of mobile demands.
To help prevent breaches, mobile devices should be encrypted even if storage of sensitive information on them is prohibited, says security expert Melodi Mosley Gates.
It's no longer just about mobile banking. Mobile technology today is deployed by leading-edge institutions for out-of-band user authentication, transaction verification and to help prevent fraud via real-time security alerts.
How can your institution crack down on fraud and maximize its mobile investment?
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