Faces of Fraud: Complying with the FFIEC Guidance

Faces of Fraud: Complying with the FFIEC Guidance

U.S. banking institutions have money to spend, but do they know where best to invest it? That's the question begged by the results of the 2012 Faces of Fraud Survey.

Following a year of high-profile fraud incidents, anti-fraud budgets have been fattened. Asked how their fraud resources will change in the coming year, 58% of respondents expect an increase.

Yet, in a year when U.S. banking institutions are expected to conform to the FFIEC Authentication Guidance, respondents also say:

  • Only 11% have come into conformance since the update was issued;
  • 29% don't fully understand the guidance's expectations;
  • Just 12% foresee a significant reduction in online fraud as a result of the guidance.

So, where are institutions spending their money? This is the question answered and analyzed in our research report, 2012 Faces of Fraud Survey: Complying with the FFIEC Guidance. Download this report to learn more about:

  • 2012's top fraud threats;
  • How banking institutions plan to counter these threats;
  • Top security investments to fight fraud and conform to the FFIEC Authentication Guidance.
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