ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
Banks and credit unions are feverishly working to meet the FFIEC's authentication compliance deadline next year. But experts say institutions should be looking beyond the guidance, by making investments in cross-channel fraud detection.
The arrest of six international suspects is being touted as one of the biggest Internet crime takedowns in history. But how much of a deterrent will Operation Ghost Click be for other cybercriminals?
The bust of six Estonians for one of the biggest online frauds ever is reminiscent of another type of organized crime: drugs. Despite the similarities, there's one big difference between drugs and online crimes.
Mobile banking is a 'must-have' today, but the foray into this new financial-services arena comes with risk. Consistent review and implementation of security layers and controls is the only strategic way to tackle emerging mobile offers.
Ramped up HIPAA enforcement is a big reason behind the No. 1 information security priority for the coming year: improving regulatory compliance, says attorney Adam Greene.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.
Security concerns are the top barrier between consumers and mobile banking. Yet, only 17 percent of institutions have integrated consumer education into their mobile strategies. Javelin's Mary Monahan offers three tips to improve awareness.
The payments system is broken, opening consumers, financial institutions and retailers to endless incidents of card fraud. So, what can be done? Gray Taylor has some suggestions.
An estimated 650,000 customers have recently switched from big banks to community banks and credit unions. But are these smaller institutions prepared for the new demand for security and fraud prevention?
Improving regulatory compliance efforts is the No. 1 information security priority for healthcare organizations in the year ahead. That's a key finding of the inaugural Healthcare Information Security Today survey.
Online risks, card skimming and data leakage are the top threats to Asia Pacific and Indian banks, and financial institutions are just starting to implement security measures and regulations to combat the growing threat landscape, says Gartner's Matthew Cheung.
Harry Raduege sees the nascent field of cyber intelligence as a way for governments and businesses to be proactive, and not reactive, to today's sophisticated digital threats.
Switzerland-based UBS says an internal assessment has identified two financial controls that were not effective and ultimately resulted in losses totaling $2 billion in unauthorized trades.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.asia, you agree to our use of cookies.