A multi-layered approach known as "context-aware security" is the most effective strategy for fighting both insider and external cyberthreats, says Gartner analyst Avivah Litan, who explains how this strategy works.
Fraud Summit - San Francisco 2014 - The hackers get the headlines, but behind the scenes the stealthy insiders continue to pose huge fraud risks to banking institutions. And often the fraudsters are senior, trusted employees with privileged access to accounts and competitive data. Register for this session to learn...
Fraud Summit - San Francisco 2014 - Could artificial intelligence have been used to prevent the high-profile Target breach? The concept is not so far-fetched. Organizations such as MasterCard and RBS WorldPay have long relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud....
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?
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.
"Organizations are putting in layers of security and tools to safeguard information and assets, however, the fraudsters are attacking our weakest link, the consumer," says Anthony Vitale of Patelco Credit Union.
"With a company-issued device, you can issue a policy that says users have no rights of privacy over information on the device," says Javelin's Tom Wills. But with employee-owned devices? A whole new set of issues.