The definition of reasonable security changes over time. And that's something the courts must consider when reviewing legal disputes over fraud liability.
Amidst the hepatitis C outbreak at Exeter Hospital in New Hampshire, we need to ask: How could this happen? How could a medical technician even be hired after being fired at least twice by other hospitals?
Security personnel should be required to prove not only that they know how to do things right, but also that they know how to do the right thing. They must demonstrate commitment to ethical behavior.
How well do U.S. financial institutions conform to the FFIEC Authentication Guidance? One regulatory agency discusses the state of conformance and what its examiners have learned from institutions.
IT security expert Francoise Gilbert says the FFIEC's new resource document on cloud computing understates the risks all banking institutions should consider. What areas is she most concerned about?
Banking institutions are making significant anti-fraud investments as they work toward conformance with the FFIEC's updated Authentication Guidance. But are they investing in the right solutions?
The out-of-court settlement reached in a dispute between Village View Escrow and Professional Business Bank shows it's getting more difficult for banks to avoid liability, experts say.
A lingering legal dispute over a corporate account takeover incident at escrow company Village View has finally come to a close. Find out more about the details of the case and the settlement.
A new survey from FS-ISAC and the ABA finds financial losses linked to ACH fraud are decreasing. What are banks doing differently, and what technology investments are reaping the most rewards?
Israel's intelligence agency supervises commercial banks' IT systems because they're considered part of the critical national infrastructure, and that's okay with the bankers. See why.
Application security is driving demand for highly skilled consultants. It's a challenging profession, and I've broken out five key skills that will distinguish you in the field.
Dollars lost of fraud are one measure of an incident's impact. But the "soft" costs - loss of reputation and productivity - are the ones that most get the attention of Terry Austin of Guardian Analytics.
Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
Banks and credit unions are making investments to prevent ACH/wire fraud. But are they investing in the right solutions? Attorney Joseph Burton says the focus must be on 'reasonable' security.
Banking regulators have begun examining institutions for conformance to the FFIEC Authentication Guidance. What gaps will they find? Terry Austin of Guardian Analytics offers insight and security tips.
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