Pradeep Moudgal of California-based SVB says the bank's decision in June to migrate commercial credit cards over to EMV was easy. "The biggest advantage of the chip card, at the end of the day, is to reduce fraud," he says.
Many organizations have the expertise required to implement cyber intelligence but have yet to learn how to integrate those skill sets into an effective, end-to-end process, says Intelligence and National Security Alliance's Terry Roberts.
Banking institutions are focused on preparing for 2012 and their first examinations on conformance with the FFIEC Authentication Guidance. But beyond the exams, what are the fraud trends they need to prepare to face?
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.
How much crossover should banking institutions rely upon as they evaluate authentication standards for retail vs. commercial accounts? Online security expert Christopher Beier offers insights.
A hacker anywhere in the world could easily track the whereabouts and file-sharing habits of a Skype user and use the information for purposes of stalking, blackmail or fraud.
Chief Risk Officer is one of the emerging roles in global business. But what does it take to succeed? "You have to go through the school of hard knocks -- have experience and have made mistakes along the way," says Kevin Blakely, CRO at Huntington Bank.
Four banks were closed on Fri., Oct. 21, by state and federal banking regulators. These latest failures bring the year's tally to 102 failed banking institutions.
Wells Fargo says a printer malfunction caused a bank statement mix-up that resulted in the exposure of bank account details for what could turn out to be thousands of bank customers.
The BlackBerry disruption strikes at a core IT security precept: availability. Yet, as cybersecurity and IT architecture practitioner Winn Schwartau points out, it also raises the less-often talked about proposition of accountability.
Global events, especially those involving the deaths of politically exposed individuals, have significant impacts on individual banking institutions and the global financial infrastructure.
What fraud and security issues does Paul Smocer, the new president of BITS, see as being top concerns in the coming year? Mobile payments, social media, and a strong need for institutions and organizations to comply with existing guidance top the list.
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