ISMG Announces Release of 2012 Faces of Fraud Survey Results ISMG Announces Release of 2012 Faces of Fraud Survey Results

Information Security Media Group (ISMG) will announce results of its 2012 Faces of Fraud survey in the upcoming webinar, 2012 Faces of Fraud Survey: Complying with the FFIEC Guidance, which debuts April 10 at 1 p.m. ET.

The annual survey reveals the latest fraud trends and how institutions are fighting back, as well as their progress with creating and maintaining layered security controls in conformance with the FFIEC Authentication Guidance.

The updated guidance has been in circulation since mid-2011, but as banking examiners begin testing for conformance, the Faces of Fraud survey results show:

  • Only 11% of surveyed institutions are currently in conformance;
  • More than 30% don't fully understand the guidance;
  • 89% do not believe the guidance will result in a significant reduction of online fraud.

Join a distinguished panel of fraud experts for an exclusive first look at the eye-opening survey results and how institutions can act upon them, including:

  • A look at 2012's top fraud threats;
  • How banking institutions are countering these threats;
  • Top security investments to fight fraud and conform to the FFIEC Authentication Guidance.

Faces of Fraud is an annual study, providing insights that can be tracked and measured over time. Results are analyzed and disseminated through a variety of electronic media, including audio interviews, this webinar and presentations at major industry events.

About the Sponsors:

Authentify pioneered using the telephone as an authentication layer in out-of-band, 2nd factor authentication schemas. Today Authentify provides global authentication services (SaaS) which span the security spectrum. Services include secure logons, real-time out-of-band transaction verification and other processes in order to meet the most demanding security, risk and fraud prevention needs.

Guardian Analytics offers the industry's most sophisticated behavior-based fraud prevention solution. Nearly 150 financial institutions use FraudMAP® anomaly detection to detect and prevent account takeover, reconnaissance, and payments fraud, thereby increasing customer trust, securing online channels, and protecting brand reputation while conforming to the updated FFIEC Guidance.

i2, an IBM company, expands big data analytics software for smarter cities by helping both public and private entities in government, law enforcement, retail, insurance and other industries access and analyze information they need to combat crime, fraud and other security threats.

RSA, The Security Division of EMC, is the premier provider of security, risk and compliance management solutions for business acceleration. RSA helps organizations solve their most complex and sensitive security challenges. These challenges include managing organizational risk, safeguarding mobile access and collaboration, proving compliance, and securing virtual and cloud environments. www.RSA.com

Wolters Kluwer Financial Services provides industry-leading analytic tools for the financial crimes professional. Our solutions, infused with actionable financial crime and regulatory intelligence, enable collaboration to better manage risk, protect customers, and secure institutional assets and reputation. We understand the challenges of preventing financial crime and achieving regulatory compliance. To learn more, visit www.wolterskluwerfs.com/bankingrisk.

About ISMG:

Information Security Media Group publishes BankInfoSecurity, CUInfoSecurity, GovInfoSecurity, HealthcareInfoSecurity, InfoRiskToday, DataBreachToday and CareersInfoSecurity. These digital media sites offer news, views, research and education on the top industry, security, regulatory and technology challenges facing information security leaders worldwide. Each site is guided by an advisory board of renowned thought-leaders from business, government and education.

ISMG's suite of educational webinars offers hands-on training by knowledgeable practitioners and is available to individual and corporate subscribers.

ISMG's custom research, including the annual "Information Security Today" and "Faces of Fraud" surveys, is routinely featured at leading industry events such as RSA Conference and BAI Payment Connect.



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