Bank Systems & Technology Mobile Security and Fraud Prevention Special Report
As banking channels continue to expand to mobile devices, banks and credit unions have come under an onslaught of sophisticated and persistent attacks from cyber criminals. To remain competitive in this space, banks must continue to offer innovative mobile solutions and services in a secure way without disrupting the seamless customer experience that is being demanded.
Banks must have a solution in place to prevent and deter attacks, but must also have the means to detect fraudulent activities in real-time if layered security levels are compromised.
This report will look at the methodologies needed for a Front Door / Back Door approach that includes securing the mobile channel through multi-factor and layered security while also building a comprehensive fraud detection platform to protect the consumer in the mobile space.
This digital issue supplement will look at best practices for banking executives and discussion
points will include:
Implementing a comprehensive layered security approach by using different controls at different points in the mobile transaction process (Fraud Detection and Monitoring, Dual Authorization, Control of Administrative Activities)
FFIEC guidelines in the mobile channel
User device recognition and remote verification in an iOS 5 and Android world
How to develop and deploy consumer education programs
Anomaly detection and identifying high risk logins and transactions