RSA's Etay Maor says Citadel malware and ransomware attacks highlight a growing threat banking institutions and consumers must be prepared to fight. What can institutions do to mitigate risk?
Don't be too quick to write off the PATCO court ruling as a victory for banking customers in the debate over ACH/wire fraud liability. The reversal could actually be a win for banks.
The statistics revealed in the ACFE's new 2012 Report on Occupational Fraud and Abuse are all very real. Here are my insights on occupational fraud and steps leaders can take to detect these crimes.
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.
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.
In the PATCO Construction fraud case, attorney David Navetta says the court failed to address two key concerns: reasonable security and good faith. What's next in PATCO's ongoing legal battle?
BITS, the technology policy division of The Financial Services Roundtable, has just named a new VP of cybersecurity and fraud prevention. What's John Carlson's mission, and what's it mean to banks?
Customers want to be involved with their banking security, but few institutions allow them to play active roles in fraud prevention. What has to change?
Bank of America, a pioneer in mobile banking, says mobile is hot, but it also opens financial institutions to unknown risks. What proactive steps should banks and credit unions take to ensure they're ready?
IEEE sees 2012 as a disruptive year of widespread mobile-device intrusions as a growing number of smartphones - now 20 percent of the market - make them an attractive target for hackers.
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.
Roger Baker, CIO at the VA, says desktop computers will eventually phase out, as mobile devices become predominant channels for communication and work. That evolution has made plans for ongoing mobile security a priority for organizations that cross every business sector.
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