From sophisticated malware to socially-engineered schemes, banking institutions of all sizes are under constant, multi-channel attack. How can they respond? Daniel Ingevaldson of Easy Solutions shares ideas.
If President Obama's second term were a movie sequel, I'd call it "Unfinished Business." It's time to step up and see through the cybersecurity initiatives Obama spoke about when he first took office.
William Henley, a financial services regulator for over 20 years, has just returned from a brief stint in the private sector. Learn how that experience re-shaped his thoughts on regulatory compliance.
William Henley of the FDIC has just returned to banking regulation after a two-year stint working in the private sector. How did his business experience influence his approach to enforcing compliance?
Organizations using semantics and big data tools are creating a new position called data scientist to help uncover fraud and identify undetected vulnerabilities. Here are profiles of three leaders who have embraced this role.
When Joseph Bognanno of Wolters Kluwer Financial Services examines 2012's financial fraud trends, all he sees is more - more of everything, from schemes to new guidance. How can banks stay ahead?
When Joseph Bognanno of Wolters Kluwer Financial Services examines 2012's financial fraud trends, all he sees is more - more of everything, from schemes to new guidance. How can banks stay ahead?
The FFIEC Authentication Guidance update has been in circulation since mid-2011. But as banking examiners begin testing for conformance, we find:
Only 11% of surveyed institutions have come into conformance since the guidance was issued;
Nearly 30% don't fully understand the guidance;
88% do not believe the...
As part of the updated FFIEC Authentication Guidance, U.S. banking regulators mandate that financial institutions conduct periodic risk assessments of their electronic banking services.
But in the face of evolving threats, a growing online customer base and emerging mobile technology, what is the most effective...
Online risks, card skimming and data leakage are the top threats to Asia Pacific and Indian banks, and financial institutions are just starting to implement security measures and regulations to combat the growing threat landscape, says Gartner's Matthew Cheung.
Since the summer of 2009, financial institutions and their corporate customers have been defrauded by increased incidents of account takeover. These incidents have pitted banks and customers against one another in court, and they were a key impetus behind the release of the new FFIEC Authentication Guidance. So, how...
Fraud is winning in the fight against cybercrime. Why? Because financial institutions continue to rely on ineffective technology and controls, says fraud analyst Tom Wills says.
Layered security is one of the core tenets of the new FFIEC Authentication Guidance - and it's perhaps the most effective strategy for detecting and preventing banking fraud schemes. But what are some of today's most mature approaches to layered security, and how are banking institutions employing them to detect and...
Page 5 of the June FFIEC Guidance Supplement states that financial institutions need layered security controls that "include processes designed to detect anomalies and effectively respond to suspicious or anomalous activity." This is commonly referred to as anomaly detection. But what is anomaly detection and how does...
Today, financial institutions offering internet-based and mobile-banking services face increasing pressure to provide enhanced consumer protection against phishing, sophisticated malware and other fraudulent activities. The FFIEC's guidance for financial institutions took a strong stance in support of the deployment...
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