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...
Spear-phishing attacks are up and targeting individuals across all industries, according to a new warning from the FBI. Security experts advise how organizations can better detect and prevent attacks.
A cybergang threatens a blitz of Trojan attacks aimed at 30 U.S. banks, according to RSA. What steps should all banking institutions take now to prepare? RSA's Mor Ahuvia offers insight and advice.
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?
The First Circuit Court of Appeals ruling offers a fascinating look at exactly which security controls Ocean Bank, now People's United Bank, did - and did not - offer to customers such as PATCO.
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?
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?
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.
Anomaly detection and behavioral monitoring are minimum requirements or mitigating online risks, and the newly-issued supplement to the FFIEC Authentication Guidance highlights why banks and credit unions should be doing more, says Terry Austin of Guardian Analytics.
The FFIEC's updated online authentication guidance urges banks and credit unions to do better jobs of authenticating and identifying devices, areas that aren't bolstering the kind of security they could, says security expert Ori Eisen.
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