FICO

JUNE 9, 2022

Rules-based Systems Continue to Underperform. Artificial intelligence (AI) and machine learning (ML) technologies have long been effective in fighting financial crime, used more than 30 years for fraud detection. Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence. Scott received his Ph.D.

Analytics 52

Analytics San Diego Cyber Security Data 52

NCR

DECEMBER 7, 2016

Pelican founder and CEO Parth Desai said: “We hope this survey serves as a wake-up call to an industry still relying heavily on manual processes and legacy systems. “At the same time, they can introduce context and human-like understanding to their payments and compliance processes.

Innovation 40

Innovation Cyber Security Fraud Industry 40

NCR

MAY 3, 2016

Once inside the bank’s system, the GozNym trojan transfers financial data and screenshots back to the attacker, who then can use that information to steal directly from the bank customer’s account. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy.

Policies 40

Policies Security ATM System 40

Fintech Labs Insights

APRIL 27, 2016

.” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. “FinTech continues to be at the forefront of innovation, and that requires equally innovative RegTech solutions for risk management, security, and fraud,” Zac Cohen, Trulioo General Manager said.

Innovation 12

Innovation Fintech San Jose Cyber Security 12

American Banker

JANUARY 2, 2017

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

Strategy 56

Strategy Cyber Security System Analytics 56

PYMNTS

MAY 8, 2017

The firm released its 2016 Financial Institutions Security Risks report last week, which found that even for non-U.S. financial institutions, the cost of a single security incident could top nearly $1 million. Point-of-sale system attacks can top $2 million, attacks on mobile devices leave a $1.6 80 percent of U.K. ”

Data 101

Data US Guidelines Cyber Security 101

FICO

AUGUST 4, 2020

Traditionally the vendor security risk assessment process has involved a manual and cumbersome spreadsheet-and-email system that is typically slow, labour-intensive, and potentially inaccurate. The score reflects key risk indicators including the health and hygiene of IT systems, network infrastructure and software and services.

Security 52

Security Risk Management Cyber Security System 52

American Banker

SEPTEMBER 6, 2016

The sheer amount of data created in recent years has exploded, leaving banks with a tremendous amount of data sets to mine through. Community banks need to utilize analytics to stay competitive with their big-bank peers.

Big Data 28

Big Data Data Analytics Community Bank 28

American Banker

JULY 22, 2016

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

Cyber Security 28

Cyber Security System Security Fraud 28

American Banker

JULY 15, 2016

Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.

Cyber Security 28

Cyber Security System Analytics Fraud 28

FICO

AUGUST 28, 2020

The SMS messaging system was never intended to be used in this way and texts can be intercepted or spoofed. While username/password plus OTP via SMS does provide a level of security, it is certainly not infallible and other methods must be considered. Solutions such as the FICO Cyber Risk Score have been built with this in mind.

Management 52

Management Security Cyber Security social media 52

Fintech Labs Insights

OCTOBER 3, 2016

Quoted in eWeek on the problem of app security. Announced its Cyber Security scholarship program. Extended its app-security protection to Apple TV. Added to its Compliance Document Management Solution, CertCapture. Acquired Aurora Financial Systems. Forte Payment Systems ( FD15 ). Arxan ( FD15 ).

San Francisco 18

San Francisco Taxes Lending Colorado 18

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. FFIEC’s Cyber Security Self-Assessment Tool. Somebody-Call-the-Whaambulance Award. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

FICO

JANUARY 5, 2023

Just in the last few months, both Freddie Mac and Fannie Mae announced that their respective automated underwriting systems will consider consumer-permissioned cash flow data in the assessment process that will provide key benefits for first-time homebuyers and underserved communities. FICO is not alone in these efforts. See all Posts.

Policies 52

Policies Company Regulation Risk Management 52