From making payments online to depositing checks via iPhones and communicating through Facebook, financial institutions have introduced many new services to make their customers' lives easier. To maximize the impact of trends such as mobility and social media while minimizing their risk, institutions must be...
2011 is the 20th anniversary of the RSA Conference, and the theme is "Giants Among Us," celebrating the luminaries who founded information security.
Here at ISMG, we've been around for about one-quarter of RSA's annual events, and we easily could declare 2011's theme as "Giant Challenges to Tackle." From the...
The Experi-Metal Inc. vs. Comerica Bank case is just one of several high-profile incidents of corporate account takeover -- but it's the first to finally head to court.
Why Banks Must Improve Fraud Detection
Interview with George Tubin of TowerGroup
Fraud detection and lack of cross-channel integration pose big security challenges for financial institutions. And according to results from Information Security Media Group's new Faces of Fraud Survey, a lack of resources and...
The Federal Financial Institutions Examination Council is expected to issue new security guidance that revisits online banking and strong authentication, according to industry experts who have been involved in recent meetings with the FFIEC.
From payment cards to checks, ACH transactions to phishing, there's no question that fraudsters have waged war on banks. And now the institutions are fighting back.
Anti-fraud activist Jim Woodhill is a man with a plan - or at least he soon will be. By the end of March, he expects to have a task force and plan in place to help banks and businesses conquer ACH fraud and corporate account takeover.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
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