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Fighting digital banking fraud – Part 1: Know the threat

NCR

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

Fraud 74
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Microsoft Says Computer Bug Could Be Exploited By Malware

PYMNTS

The bug affects Windows 7, Windows Server 2008, Windows 2003 and Windows XP. This is certainly one to take seriously,” said Chris Coulter, vice president of technology with BlackBerry’s Cylance security group. Computers at Nissan, FedEx and England’s National Health Service were all affected.

Security 115
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Deep Dive: The Latest Initiatives To Expand Mobile IDs

PYMNTS

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. Mobile devices enable fast and secure access to services, many of which are solely available online.

Mobile 108
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NSA Issues Warning About BlueKeep

PYMNTS

The National Security Agency (NSA) has released an advisory, urging Microsoft Windows administrators and users to make sure they are using a patched and updated system to stay protected against cyber threats. The NSA noted that, while Microsoft has issued a patch, millions of machines could still be vulnerable.

System 101
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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The Future of Checks – Tales From The Crypt

South State Correspondent

The banking industry, pushed by the events of 9/11, moved to check imaging by the Check 21 Act in 2003. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. In addition to the logistics of check clearing and the availability of fraud, settlement is no easy feat.

Fraud 195
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Springboard to Excellence

Independent Banker

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. Andrew Huffman, compliance officer of $319 million-asset First National Bank of Las Animas, in Las Animas, Colo., Bank security. By Ed Avis.