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Is your bank stopping fraud?

Banking 2020

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9

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Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

According to the 2015 Society for Information Management (SIM) IT Trends Study, which surveyed more than 1,000 senior IT leaders and CIOs, 63 percent of IT leaders say their IT budget is increasing. The risks that come with not having an application strategy could also spell trouble as cyber security concerns rise.

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What ransomware attacks on vendors mean for banks

American Banker

Here’s how banks can guard against that. Cybercriminals have targeted at least four financial services technology companies in recent months, potentially giving hackers back-door access to clients.