The PATCO Construction Inc. case, recently reversed by a U.S. appeals court, is seen as a win for fraud victims. But what are the takeaways for banking institutions? Attorney Joe Burton offers insight.
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
The U.S. Federal Financial Institutions Examination Council has issued a resource document to help financial institutions better understand and address unique risks posed by outsourced cloud-based services.
The draft guidelines recommend developing system threat models, instituting a mobile-device security policy, implementing and testing a prototype of the mobile-device solution and securing a device before allowing user access.
How are banks addressing mobile security risks? Bank of America's Keith Gordon says most are just beginning to forge ahead in the mobile space, and new security gaps are areas for which institutions have to prepare, proactively.