Emerging malware increasingly puts banks and their customers at risk for fraud. The sooner malware is detected and removed, the less likely banks are to suffer regulatory penalties and fines, and steep losses linked to fraud.
Financial Institutions already apply out-of-band security in many instances. The challenge is: How do we help protect payment cards when they are used at any number of online and brick-and-mortar retailers?
Educating customers about financial fraud and scams is not a nice-to-have; it's a necessity. If your customers won't protect themselves, then no campaign your organization puts forward will succeed, says BankWest's Patti Broer.
While user education is valuable, needed and helpful, there is one problem with this approach - it only partially works, and partially working is simply not good enough, security expert George Tubin contends.
Electronic banking fraud is as rampant as ever because of the failure to address one of the core problems, says security specialist Tom Wills, who describes why focusing only on technology to defeat Trojans will never work.
Smaller nation-states have been upping the ante of cyber-attacks for years, and now one has shown us exactly the kind of cyberdestruction that extremist elements are willing and able to conduct, former-U.S. National Intelligence Director Mike McConnell writes.
How can organizations ensure that their information security staff is mitigating the latest threats? And what truly defines an information security professional? Here are some of the key ingredients.
Anti-fraud professionals often uncover misconduct in the course of our work. What types of ethical dilemmas must we navigate in our efforts to prevent fraud? Here are a few that come to mind.
How can companies and IT security leaders keep a security breach from becoming a long-term problem and stop it from negatively affecting their customer base?
After reviewing the results of the IIA's new Emerging Trends and Leading Practices survey, we must ask ourselves, "Are we doing our absolute best to meet our stakeholders' needs?"
As the use of mobile banking grows, banks and credit unions also should take steps to educate their customers and members about safe e-banking practices.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing ffiec.bankinfosecurity.com, you agree to our use of cookies.
