A new survey finds that only 56% of U.S. banking institutions have conducted risk assessments, but 87% have deployed layered security controls. Are banks ready to conform with the FFIEC Authentication Guidance?
In an exclusive interview about the findings of this new survey, Austin discusses:
Banking...
In their efforts to enforce security layers and multifactor authentication, are banks and credit unions still missing a core problem - the real vulnerabilities fraudsters are banking on?
When Liberty Bank began reviewing online risks to conform with the FFIEC Authentication Guidance, layered security came up as a weak spot. So how did this community institution address its risks?
The key message from the recent court ruling on the Hannaford data breach: You don't have to suffer fraud to be a victim. Attorney Ronald Raether explains what this decision means for future breaches.
Drafters of House and Senate bills aimed at protecting intellectual property have overlooked unintended consequences around proposed legislation, says the Brooking Institute's Allan Friedman.
What's the connection between 14 Romanians and an alleged phishing scheme that involved 10 U.S. banks and their customers? A new, unsealed indictment outlines a massive fraud and ID theft conspiracy.
Enforcement and class actions are what the year 2011 will be remembered for in privacy. So, how can pros prepare for the inevitability of a litigious and increased-enforcement environment?
How prepared are most U.S. banks and credit unions are the first wave of exams since issuance of the FFIEC Authentication Guidance? Insights from industry experts might surprise you.
As 2012 nears and federal regulators prepare to examine financial institutions for conformance with the FFIEC Authentication Guidance, just how prepared are banks and credit unions? The answer may surprise you.
As a former victim of online banking fraud, I know: Text alerts and interactive messaging can improve online banking security and also enhance the customer/member relationship.
As legal issues surrounding data breaches become increasingly complex, more organizations are turning to attorneys for post-breach response, says Lisa Sotto, a managing partner for New York-based law firm Hunton & Williams.
Donna Flynn says Liberty Bank discovered three key gaps when it tackled FFIEC authentication guidance compliance. Two were easy to fill. The third required an out-of-the-box solution.
With many questions left unanswered regarding comprehensive cybersecurity legislation, the future seems bleak. But there's hope, says Jacob Olcott, a former top Capitol Hill staffer on cybersecurity matters.
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