Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
Bringing Your Own Device raises jitters among employers, who worry about exposing or losing sensitive data, and employees, who fret about their bosses spying on them. Despite these anxieties, the trend will continue because that's what people want.
The Europay, MasterCard, Visa standard, commonly used in most global markets, is coming to the U.S. The sooner issuers, acquirers and merchants initiate migrations, the better, says Stephanie Ericksen, head of authentication product integration at Visa.
U.S. banking institutions could learn a great deal about incident response from how one Singapore bank recently responded to a data breach with customer alerts, and even an apology from the CEO.
U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
Steven VanRoekel says the mobile revolution will fundamentally change the way the federal government serves the public and its employees. But in outlining the Federal Mobile Strategy, the federal CIO hardly mentions security and privacy.
Intel CISO Malcolm Harkins explains why Intel embraced the bring-your-own-device trend and made it part of a strong mobile technology policy that revolves around employee accountability.
What are consumers looking for when it comes to mobile banking and payments? Javelin's Mary Monahan says security and functionality rank high on the list of mobile demands.
To help prevent breaches, mobile devices should be encrypted even if storage of sensitive information on them is prohibited, says security expert Melodi Mosley Gates.
John Carlson sees the evolution of technology introducing new threats to financial institutions. So, how will BITS' new VP of cybersecurity and fraud prevention help banks mitigate those risks?
As U.S. banking institutions work to conform with the FFIEC Authentication Guidance, are they now doing better jobs of detecting and preventing incidents of ACH and wire fraud?
Outrageous Facebook behavior by a contractor at a California hospital offers an eye-opening reminder about the need for a zero-tolerance policy when it comes to privacy violations.
What can information security leaders do to minimize the risks involved in enabling staff members to use personally-owned tablets, smart phones and other mobile devices for business purposes?
Financial institutions still have a long way to go to fight fraud and mitigate online banking vulnerabilities. But what exactly are the top vulnerabilities, and what can institutions do about them?
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