Banking institutions are focused on preparing for 2012 and their first examinations on conformance with the FFIEC Authentication Guidance. But beyond the exams, what are the fraud trends they need to prepare to face?
The FFIEC Authentication Guidance has resulted in a cottage industry of anomaly detection solutions. But look carefully before you buy - separate myth from reality - says Terry Austin, CEO of Guardian Analytics.
Another myth is that it's easy to do the math and spot the anomalies. But, in fact, this process...
We all know the online shopping risks consumers face on CyberMonday. But how does the BYOD mobile computing trend impact risks to organizations from their own employees shopping on the job?
How did fraud specialists at Chase successfully thwart an alleged ATM skimming scheme that impacted 1,500 customers? The bank's fraud-detection efforts draw praise from Gartner's Avivah Litan.
Two years after his business was a victim of ACH fraud, PATCO's Mark Patterson doubts whether most small business owners are yet aware of the risks they face. And he doesn't think the FFIEC guidance will help.
The FFIEC Authentication Guidance has resulted in a cottage industry of anomaly detection solutions. But look carefully before you buy - separate myth from reality - says Terry Austin, CEO of Guardian Analytics.
ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
Layered security is one of the core tenets of the new FFIEC Authentication Guidance - and it's perhaps the most effective strategy for detecting and preventing banking fraud schemes. But what are some of today's most mature approaches to layered security, and how are banking institutions employing them
to detect and...
A warning issued this week by the OCC about a fake banking website highlights the need for stronger domain-naming practices, especially in the financial space.
Many businesses are turning to mobile device management (MDM) solutions to better secure, manage, and support the variety of mobile devices their employees use. In many instances, MDM alone is not enough to protect against data loss and leakage.
This paper introduces a unique approach to managing security on...
Too many of today's firewalls are out of date and opening organizations to unacceptable business risks, says Chris King of Palo Alto Networks.
So, how do we quickly get to the next-generation firewall - and what are the key qualities it will need to embrace?
In an interview about the future of firewalls, King...
Banks and credit unions are feverishly working to meet the FFIEC's authentication compliance deadline next year. But experts say institutions should be looking beyond the guidance, by making investments in cross-channel fraud detection.
When bankers contemplate risk, says Edward DeMarco Jr. of the Risk Management Association, what dominates headlines in the financial press should be of paramount concern.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
