Upon issuing its 2011 update to online authentication guidance, the FFIEC put banking institutions on notice: Examiners will assess how institutions satisfy these enhanced expectations starting in January 2012. So, how best should banking/security leaders go about meeting these new directives and ensuring the security...
For banking institutions, the release of the 2011 FFIEC Authentication Guidance is a game-changer, handing down new standards for layered security controls, risk assessments, authentication techniques and customer awareness. But what does all this mean to technology vendors and third-party service providers? Attend...
"I think we'll see some additional investments in fraud prevention tools as a result, and it could be EMV tokens or neural networks," says Jim Schlegel of ACI Worldwide, following the Fed's move on debit interchange fees.
The Fed's ruling on interchange cuts mandated by the Durbin Amendment will aid fraud prevention and could accelerate a move to chip-based payments, says Randy Vanderhoof, director of the Smart Card Alliance.
"The FFIEC guidance does a good job of addressing today's and yesterday's threats and suggested techniques, but it is not sufficiently forward-looking," says Gartner's Avivah Litan. "Two years from now, the guidance will be sorely out of date."
Payment card fraud. ACH and wire transfers. ATM skimming. And especially insider crimes. These are among today's top information security threats to institutions, says banking regulator Gigi Hyland in an exclusive interview.
High-profile legal wrangles over ACH- and wire-related fraud remain at a standstill, despite the industry's ongoing discussions about corporate account takeover and how to fight it.
Payment card fraud is a reality the industry is learning to deal with, through stronger analytical tools and transaction monitoring, financial experts says.
Union Bank, a hallowed and service-oriented financial institution, relies on Good Technology to protect bank data on the mobile devices its employees prefer - while delivering the security and management the company requires.
Read this white paper to find out how Union Bank conquered the challenge and derived at...
A U.S.-based hacker just pleaded guilty to stealing more than 675,000 credit cards that led to more than $36 million in fraud. "These SQL injections are allowing someone in through the side fence, not the front door," says information security attorney Randy Sabett.
Smartphones are ubiquitous in organizations across industry today. But how secure are these devices -- and what security and liability vulnerabilities do they expose?
Since the FFIEC guidance in 2005 on "Authentication in an Internet Banking Environment" cybercriminals have evolved significantly, leading the FFIEC to release new guidance for protecting your business and your customers from fraud. Learn about smart device identification technologies banks will need to adopt to...
Mobile devices have forced a radical shift in the way organizations service their customers. Financial institutions are no exception to the pressure of extending their online services to the mobile channel. By 2015 mobile banking could reach one in five adults in the United States. But the growth in mobile devices has...
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