Visa, Consumer Advocacy Group Partner on Phishing Education May 17, 2013The card company and the Consumer Federation of America have outlined common fraud tactics for consumers to be aware of.
Q&A: Banks Must Take a Holistic Approach to Cybersecurity May 16, 2013As cybercrime becomes more prevalent, due to the widespread access to technology that criminals now have, banks must remain eternally vigilant, says Booz Allen Hamilton's Bill Stewart. Don’t Break the Bank: Back up Your Files May 10, 2013The loss of sensitive and confidential information, be it by theft, accident or natural disaster, can be devastating.
Why Bank Security Questions Need An Overhaul now May 09, 2013Long considered a fortress of protection, the challenge questions used by many financial institutions today are weak and ineffective. Fundtech, Guardian Analytics Announce New Fraud Prevention Solution April 23, 2013The two companies announced a jointly owned product at NACHA Payments 2013 designed to deliver behavior-based, real-time fraud prevention.
Big Data: Uncovering Newer Dimensions in Fraud Preemption April 10, 2013Big data is opening up new opportunities for financial institutions to combat external and internal fraud by beginning to monitor user behavior in addition to tracking account activity. Does Your Vendor Management Program Prevent or Promote Cyber Attacks? April 05, 2013With cyber attacks a growing concern for financial institutions, here are some steps banks can take to ensure security against such attacks in their vendor chain. Six Ways Banks Can Defeat Hackers and Reduce Data Breaches April 04, 2013Hackers and data breaches make a lethal combination for smaller banks. Here's how to defend your bank.
Big Data: Where to Begin? April 01, 2013 Bank Systems & Technology got an early exclusive look at a report to be released tomorrow by Celent that highlights the difficulties many financial institutions are facing in moving towards a data-driven business model. The Cyber Stick-Up – Making Sure Your Endpoints are Protected March 22, 2013Today’s cybercriminals are much more effective than the masked robber holding up a teller; they’re very good at finding and exploiting an organization’s weakness and often even better at being able to get in and out of a computer network Top Quotes From BAI Payments Connect March 15, 2013Six quotes on fraud, mobile and all things payments from this past weeks' BAI Payments Connect conference. Proactively Adopting AML Best Practices Saves Money and Averts Government Headaches March 15, 2013Most financial institutions have the same issue -- the AML department has more work than it does resources. How does a bank solve this?
Banking Industry Proactively Developing Anti-Fraud Measures for Mobile March 13, 2013The industry, having experienced so many online attacks, is proactively developing strategies and solutions for mobile fraud – many of which have been on display at BAI Payments Connect. 7 Big Data Players To Watch March 05, 2013New York City, IBM, State Street and four other organizations are developing innovative ways to leverage the ever-increasing volumes of data they're amassing. Identity Fraud at a Three-Year High February 20, 2013A report from Javelin Strategy & Research finds that more than $21 billion was stolen due to identity fraud in 2012.
Mobile Commerce Brings Opportunity And… Cyber Crime February 15, 2013Mobile payments adoption can gain a significant boost if customers are sure that it is secure, but increased adoption will also create new opportunities for fraudsters, which banks - and customers - must be prepared for. How Fraud Rings Evade Detection And What Banks Can Do To Stop Them February 14, 2013As last week’s big card fraud bust revealed, fraud rings are becoming more sophisticated in how they avoid detection. New Threats, New Solutions: Combating Cyber Attacks January 31, 2013Small to medium-sized financial institutions need to reevaluate their own security controls.
Check Scanners That Detect Fake I.D.'s Help One Bank Fight Fraud January 30, 2013Check scanners from CTS North America have been enabled with technology that detects fake I.D.'s that have helped one community bank secure branch transactions and can authenticate remote check deposits. The Treasury's Most Wanted January 25, 2013These criminal organizations are being targeted by the U.S. Department of the Treasury for financial and other crimes.