Banking 2020 Fraud Management Security 
Banking 2020
NOVEMBER 24, 2015
First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. 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
Banking 2020
NOVEMBER 19, 2015
Biometric authentication has rightly been hailed as a safer and more secure way to verify the person initiating a payment. But is biometric data as secure as we imagine it to be? However, a major data breach at the US Office of Personnel Management (OPM) has cast this into doubt. million individuals. million individuals.
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Banking 2020
JANUARY 29, 2016
By Damien Hugoo, Director of Product Management, Easy Solutions. Protecting a financial services organization against fraud requires much more than a strong password policy and client education. The risk of fraud is high and so are the costs. Increasingly, fraud attacks are conducted online.
Banking 2020
NOVEMBER 28, 2015
As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. These were card-present frauds that managed to nullify the PIN. CDA explained.
Banking 2020
AUGUST 27, 2015
One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. Security and mitigating losses from skimming ultimately will be what banks care about most.
Banking 2020
DECEMBER 16, 2014
To get a better sense of what adopting Apple Pay actually looks like, we chatted with Brice Mindrum, mobile services manager for America First Credit Union. Are you adding any additional security or authentication on top of provisions within the Apple Pay service? You can see the full list of participating issuers here.
Banking 2020
SEPTEMBER 14, 2015
Losing your phone is bad enough without identity fraud on top of it. Yes, entering your username and password every time you log in to a mobile banking app (or any app that involves payments) can be a hassle, however, if anyone gets their hands on your phone, they have total access. . Opting out of alerts.
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