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Bank Systems & Technology
December 1, 2005
Eileen Colkin Cuneo
Dealing With Data Theft After the Fact When a security breech occurs, a company handling it right can flip the negative into a positive and earn customers' respect and appreciation. If they handle it wrong, and the business will fight the stigma of being an untrustworthy organization indefinitely. mark for My Articles similar articles
Bank Systems & Technology
June 26, 2006
Deena M. Amato-McCoy
Closing the Door on Criminals Banks need a consistent approach to fraud assessment and prevention, otherwise they will never truly get ahead of the problem. mark for My Articles similar articles
Bank Systems & Technology
August 24, 2006
Nancy Feig
Banks Scramble to Meet FFIEC Online Banking Authentication Guidelines by Yearend Less than four months remain for banks to meet the Federal Financial Institutions Examination Council's year-end deadline for Internet banking authentication, but some confusion remains over what is an acceptable solution. mark for My Articles similar articles
OCC Bulletin
September 8, 2004
FFIEC Customer Brochure To assist depository institutions' efforts in raising customer awareness of identity theft and similar crimes, "Protecting Customers' Personal Financial Information" outlines steps bank customers should take to reduce the risk of identity theft. mark for My Articles similar articles
Bank Systems & Technology
August 24, 2006
Peggy Bresnick Kendler
Identity Management Addressing the biggest threats to information security for banks. mark for My Articles similar articles
Bank Systems & Technology
November 26, 2007
Maria Bruno-Britz
Javelin Finds More Banks Using Multi-factor Authentication With the FFIEC deadline for implementing multifactor authentication now but a memory, banks have improved their efforts to secure customers' information, according to a study. However, there is more banks can do. mark for My Articles similar articles
Bank Technology News
September 2006
Homeland Insecurity One of the toughest battles for bankers may be in combating online security breaches and sophisticated money laundering schemes. mark for My Articles similar articles
InternetNews
October 24, 2005
Tim Gray
Companies Bid for Authentication Compliance Work Financial institutions are getting started on security compliance regulations. mark for My Articles similar articles
Bank Technology News
December 2007
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance? mark for My Articles similar articles
Bank Systems & Technology
August 30, 2005
Maria Bruno-Britz
Maximum Security Although all industries are susceptible to data theft, the costs in terms of reputation and dollars are particularly steep in financial services, and most banks are taking measures to reduce the risks associated with handling consumer data. mark for My Articles similar articles
Bank Systems & Technology
May 8, 2007
Deena M. Amato-McCoy
Fear Of Identity Theft Discourages Consumers From Banking Online Proactive security measures increase online banking confidence and use, study says. mark for My Articles similar articles
Bank Systems & Technology
May 5, 2007
Maria Bruno-Britz
Fraud Techniques Evolve in Parallel with Bank Products and Defenses As fraudsters' techniques evolve alongside the products and services offered by financial institutions, new steps must be introduced to stop them. mark for My Articles similar articles
Bank Systems & Technology
August 2, 2005
Phil Britt
Fighting the New Face of Fraud Technology plays a critical role in banking fraud, both in creating new opportunities for fraud and offering new methods to defend against it. Financial services institutions must take a holistic approach to combating fraud. mark for My Articles similar articles
Bank Systems & Technology
February 18, 2009
Ashfield & Shroyer
Security Management: An Ongoing Challenge for Banks Banks face a difficult challenge in the area of security management. mark for My Articles similar articles
Bank Technology News
August 2006
Glen Fest
Multi-Factor Authentication: Two-Factor Timing Twists Up Bankers The FFIEC's guidelines for adopting multi-factor authentication includes a hard deadline with apparently soft parameters. But will haste end up producing waste? mark for My Articles similar articles
Bank Technology News
April 2006
Glen Fest
Fraud Prevention: Engaging More Than The Enemy Banks could improve anti-fraud measures if they provided tools that draft customers into the battle. But it's not that simple for an industry still rife with soft spots. mark for My Articles similar articles
Bank Technology News
November 2007
Glen Fest
Online Authentication: Multifactor Race Nears Finish Line Nearly a year after half of all U.S. institutions missed the deadline to adopt stricter FFIEC guidelines for online authentication, analysts say that banks have finally, and almost universally, put their multifactor and other risk-mitigation layers in place. mark for My Articles similar articles
Bank Technology News
June 2006
If It's Loyalty You Seek, Forget Fees For Credit Monitoring At a time when customers are worried about becoming victims of ID theft, banks have a huge opportunity to cement relationships by offering free credit monitoring services to all customers. mark for My Articles similar articles
U.S. Banker
October 2007
Lee Conrad
Privacy Push: Banks Chafe Against Move To Block Use of SS Numbers Two major federal efforts to curb the widespread use of Social Security numbers are putting banks-the largest private-sector users of those nine sensitive numbers-on defense. mark for My Articles similar articles
Bank Systems & Technology
November 7, 2007
Nancy Feig
Bank of America Tops Large Banks in Combating Identity Fraud Bank of America ranked the highest in identity fraud protection, detection and resolution, according to a Javelin Strategy & Research study of the top 25 U.S. banks. mark for My Articles similar articles
Bank Systems & Technology
January 31, 2006
Maria Bruno-Britz
Fortifying Online Banking The Federal Financial Institutions Examination Council (FFIEC) issued guidance to the financial services industry for data security in the online banking environment. Banks must perform the mandated risk assessments by the end of 2006. mark for My Articles similar articles
Bank Systems & Technology
February 10, 2010
Penny Crosman
ID Fraud Grew 12% in 2009, But Wells Fargo's Fraud Losses Are Down Javelin Research's latest fraud survey finds identity fraud continues to rise, but losses are down at some banks due to fraud detection technology improvements. mark for My Articles similar articles
Bank Technology News
May 2007
Glen Fest
Identity Fraud: Banks Offer ID Theft Resolution Services A Tennessee bank gets surprising demand for an ID theft resolution service it is private labeling from Worldwide Assistance. Customers are even willing to pay for the luxury. mark for My Articles similar articles
Bank Systems & Technology
May 3, 2005
Deena M. Amato-McCoy
Creating Virtual Value By integrating business channels, consolidating customer histories and beefing up security, banks are improving their online offerings to provide customers with all the conveniences of branch banking in the comfort of their own homes. mark for My Articles similar articles
Bank Technology News
August 2006
Glen Fest
Choosing Authentication Solutions: Vetting Vendors, Soothing Customers Banks face tough choices today in building anti-fraud resiliency, from selecting providers to meeting user preferences. Will they be happy with those choices tomorrow? mark for My Articles similar articles
Bank Systems & Technology
March 7, 2005
Cynthia Ramsaran
ID Theft Hits Paper Harder Despite growing fears of online fraud related to Web-based banking services, the increase in identity theft is hitting consumers closer to home than in cyberspace. Identity theft crimes are more often committed off-line rather than online. mark for My Articles similar articles
Bank Systems & Technology
February 29, 2008
Nancy Feig
Internal Fraud Still a Danger as Banks Adjust Strategy Internal fraud occurs every day at banks across the world. New internal fraud-detection technologies allow banks to identify suspicious employee behavior. mark for My Articles similar articles
InternetNews
August 18, 2005
Tim Gray
Consumers' Online Security Concerns Rising A new study suggests that authentication technologies may help regain online users' trust. mark for My Articles similar articles
U.S. Banker
July 2005
Holly Sraeel
Want to Make a CEO Wince? Talk About Fraud. When bankers refer to fraud in public, it often comes off as if the theft does not involve a human being. Behind the financial losses and data breaches are people-on both sides of the problem. mark for My Articles similar articles
Bank Systems & Technology
May 24, 2007
Maria Bruno-Britz
Banks Using Security to Increase Customer Trust and Their Bottom Lines Banks realize that information security can increase client loyalty and lower costs. mark for My Articles similar articles
InternetNews
May 26, 2005
Tim Gray
BofA Steps up Authenticity Plan Bank of America moved quickly to restore its reputation this week, announcing a new online authentication service it says will help prevent online fraud and identity theft. mark for My Articles similar articles
Bank Technology News
February 2002
Maria Bruno
Security Won't Wait for Upturn in Wake of Fraud and Terrorist Attacks A sober financial industry takes stock of its data safeguards... mark for My Articles similar articles
Bank Technology News
June 2006
Rubina Johannes
The Demographics Of ID Fraud Not every group is victimized, or protected, in the same way or at the same level. Javelin examines how incidents and precautions differ based on age, income and ethnicity. mark for My Articles similar articles
Bank Technology News
March 2007
Holly Sraeel
Protecting Data Online Is a Top Priority for Consumers Today, consumers recognize that fraud is no laughing matter. According to a study, 41% of respondents would decrease their use of online banking or switch institutions in the wake of a data breach. mark for My Articles similar articles
Bank Systems & Technology
December 21, 2009
Nathan Conz
Fraud: Social Media Heightens New Threats As fraudsters increasingly seek to exploit weaknesses in consumers' defenses through social engineering schemes rather than hack vulnerabilities in banks' security systems, the need for enterprisewide solutions to detect fraud across channels is greater than ever. mark for My Articles similar articles
InternetNews
March 18, 2005
Erin Joyce
Bruce Schneier, CTO, Counterpane Internet Security An interview covering the weakness of 2-factor authentication on the Internet, managed security services, software insecurity, and advice for lawmakers. mark for My Articles similar articles
Wall Street & Technology
November 21, 2006
Gregory Framke
Ask The Experts: Customer Account Security Security risks are very real for financial institutions, whether they serve customers at a retail branch or over the Internet. mark for My Articles similar articles
Bank Technology News
March 2007
John Adams
Offline Fraud Continues to Flourish in an Online World Web fraud gets the headlines, but offline fraud accounts for a high percentage -- almost 70% -- of operating losses. It's a problem that IT pros ignore at their peril. mark for My Articles similar articles
Bank Technology News
March 1, 2008
Glen Fest
Thwarted On-Line, Crime Looks to Past A new identity theft report survey finds a continuing overall decline in fraud numbers and victims, but unfortunately a rapidly rising number of "vishing" and other hands-on alternatives to catching consumers off guard. mark for My Articles similar articles
Wall Street & Technology
November 18, 2005
Stronger Authentication Single-factor authentication is insufficient for online financial services, according to the Federal Financial Institutions Examination Council (FFIEC). mark for My Articles similar articles
InternetNews
January 30, 2006
Sean Michael Kerner
ID Theft And Internet Fraud Declining? New studies indicate that the Internet isn't as dangerous as other places. mark for My Articles similar articles
InternetNews
November 8, 2005
Clint Boulton
Liberty Needs to Know Who You Are The Liberty Alliance Project creates a group to help companies bring authentication into their folds. mark for My Articles similar articles
Bank Systems & Technology
February 10, 2004
Jim Eckenrode
The More Things Change... For big banks, retail's over half the pie. mark for My Articles similar articles
U.S. Banker
February 2006
ID Theft Insurance: Community Banks Seek To Protect Themselves Banks are taking out new insurance policies to protect themselves against the financial losses stemming from identity fraud. mark for My Articles similar articles
Bank Technology News
September 2005
Giving Enterprise Security a Bigger Spotlight Financial IT Security's mission is to provide insight, analysis and commentary about the security challenges before financial institutions - and the innovative technologies and services designed to thwart security breaches. mark for My Articles similar articles
Bank Systems & Technology
December 1, 2003
Jim Middlemiss
Fifth Third Stays Seven 'Steps' Ahead of Fraud Bank implements seven new fraud-detection systems to fight check and ID fraud. mark for My Articles similar articles
Bank Technology News
July 2005
Securing Customer Data Gets Tougher Each Day When bankers refer to fraud publicly, it often comes off as if the theft does not involve human beings. But behind the recent spate of data breaches are people-on both sides of the problem. Want to make a CEO wince? Talk about fraud in real terms. mark for My Articles similar articles
InternetNews
November 11, 2005
Jim Wagner
Report: ID Theft Haunting Bank Customers Banks need to address the growing concern among their customers over ID theft, or risk losing them. mark for My Articles similar articles
Wall Street & Technology
March 21, 2006
Paul Allen
Add Another Bolt to the Cyber Door Due to enhanced and evolving cyber-threats, financial institutions now must implement some form of multifactor authentication or layered security to protect sensitive customer data. mark for My Articles similar articles
Bank Systems & Technology
October 30, 2007
Nancy Feig
Banks Using Mobile Phone for Out-of-Band Authentication Amid increasing pressure to protect customers online, some of the largest global banks are turning to out-of-band authentication to fortify their Web banking services. mark for My Articles similar articles