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Online Fraud Victims Need More Help from Banks to Recover

American Banker

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

Fraud 28
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Are You Really There? U.S. Bank Tries Geolocation to Stop Fraud

American Banker

Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.

Fraud 28
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Terror Attacks, Panama Papers Show Cracks in Post-9/11 Monitoring

American Banker

Requirements that banks share anti-money-laundering information should extend to fraud and cyber risks, to connect the dots between bad actors and their transfer of money.

Fraud 28
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Bring on the Bots

American Banker

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.

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Cyber Threats Prompt Run on Tech Experts for Bank Boards

American Banker

Huntington Bancshares is the latest institution to add a cybersecurity expert to its board, highlighting the growing importance of guarding against hackers and other online dangers.

Online 34
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Uber's Phishing Tale Can Teach Banks a Lot About Security

American Banker

Some days the ride-sharing app receives more than a million phishing emails — a stat to which large banks can relate. But after deploying common protocols and open-source software, Uber now rejects most bad emails.

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Real Breach in Swift Heists May Be Banks' Complacency

American Banker

The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have been a wake-up call for banking executives, but it's unclear how many of them answered it. Is it too late for them to shore up their defenses?

System 28