Why Banks Must Improve Fraud Detection
Interview with George Tubin of TowerGroup
Fraud detection and lack of cross-channel integration pose big security challenges for financial institutions. And according to results from Information Security Media Group's new Faces of Fraud Survey, a lack of resources and...
When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
A Florida hospital is notifying approximately 40,000 of its emergency room patients about a breach incident involving stolen paper records that it believes might have affected about 1,500 of those patients.
Whether it's from treacherous insiders stealing data or malicious cybercriminals hacking into company resources, financial institutions face risk from both inside and outside the organization. While each side of the coin poses unique threats, the financial sector can minimize the double-sided risks with very similar...