Are institutions making the right investments in anti-fraud technologies? As they conform to the FFIEC's updated Authentication Guidance, many could miss the mark, warns Aite's Shirley Inscoe.
Which security concerns should institutions be bracing for, as more consumers adopt mobile banking? BITS offers a collection of recommendations from some of the industry's top institutions.
BITS' new mobile research highlights six key areas of risk every banking institution must consider. Find out what security and fraud-mitigation strategies institutions should be implementing.
What steps can financial institutions take now to control and enhance the security of mobile banking? Brian Pearce and Amy Johnson of Wells Fargo share some of their bank's strategies.
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.
When it comes to curbing ACH fraud, banking regulators and law enforcement agencies have joined forces to keep institutions abreast of emerging best-practices. What are their top recommendations?
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
Few banking institutions see mobile as a means to address security and fraud-prevention. Javelin's Jim Van Dyke tells how institutions - and their customers - can enhance security via mobile.
When it comes to the FFIEC Authentication Guidance, Aite analyst Shirley Inscoe fears too many banking institutions are investing only in achieving compliance - not ongoing security.
How well do banks conform to the FFIEC's updated Authentication Guidance? Gartner analyst Avivah Litan says most have made progress, but they still struggle with the details.
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
Technology is only part of the solution. To truly combat phishing, banking institutions need to address a trickier part of the equation. They need to change human behavior. Here are experts' tips.
Many organizations are still using personal information, such as mother's maiden name and date of birth, to verify user identities. However, personal data is everywhere - in search engines and on social networking and other third-party sites - making the use of these static data elements a less secure measure for...
The FFIEC Authentication Guidance update has been in circulation since mid-2011. But as banking examiners begin testing for conformance, we find:
Only 11% of surveyed institutions have come into conformance since the guidance was issued;
Nearly 30% don't fully understand the guidance;
88% do not believe the...
Banking institutions have fought phishing and ACH fraud, but increasingly fraudsters are exploiting call centers. Where are the vulnerabilities and how can institutions fight back?
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