Gartner's Avivah Litan says banking institutions are spending resources on risk assessments. But what steps will they take next to conform to the FFIEC Authentication Guidance? Litan shares insights.
Are institutions making the right investments in anti-fraud technologies? As they conform to the FFIEC's updated Authentication Guidance, many could miss the mark, warns Aite's Shirley Inscoe.
Which security concerns should institutions be bracing for, as more consumers adopt mobile banking? BITS offers a collection of recommendations from some of the industry's top institutions.
BITS' new mobile research highlights six key areas of risk every banking institution must consider. Find out what security and fraud-mitigation strategies institutions should be implementing.
How can organizations ensure that their information security staff is mitigating the latest threats? And what truly defines an information security professional? Here are some of the key ingredients.
What steps can financial institutions take now to control and enhance the security of mobile banking? Brian Pearce and Amy Johnson of Wells Fargo share some of their bank's strategies.
Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
New advisories from Visa suggest that payments processor Global Payments Inc. may have been breached in June 2011 - nine months earlier than initially reported.
Payments processor First Data warns about an uptick in trolling - hackers sniffing networks for easy access to merchants' point-of-sale systems. What can banks do to help merchants prevent breaches?
Banking institutions expect significant increases in fraud-fighting resources in 2012. But in which solutions should they invest? Banking CTO Michael Wyffels has some prioritized suggestions.
Eighty-five percent of data breaches go undetected, but organizations have a new type of cop on the beat to ferret out these illicit activities - the data scientist, says Phil Neray, head of security intelligence strategy and marketing for Q1 Labs, an IBM company.
When it comes to the FFIEC Authentication Guidance, Aite analyst Shirley Inscoe fears too many banking institutions are investing only in achieving compliance - not ongoing security.
Securing the massive amounts of data swamping organizations, a trend known as big data, can be addressed, in part, by organizations simply getting rid of data no longer needed, Grant Thornton's Danny Miller says.
How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
How well do banks conform to the FFIEC's updated Authentication Guidance? Gartner analyst Avivah Litan says most have made progress, but they still struggle with the details.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.