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Bank Systems & Technology May 8, 2007 Deena M. Amato-McCoy |
Fear Of Identity Theft Discourages Consumers From Banking Online Proactive security measures increase online banking confidence and use, study says.  |
InternetNews May 26, 2005 Tim Gray |
BofA Steps up Authenticity Plan Bank of America moved quickly to restore its reputation this week, announcing a new online authentication service it says will help prevent online fraud and identity theft.  |
Wall Street & Technology March 18, 2008 Cory Levine |
Identity Fraud on the Decline Despite the hype, identity fraud is on the decline, according to a new survey. But as fraudsters return to traditional channels, such as phone lines, to steal the trusting public's personal information, few financial institutions have implemented multifactor authentication for telephone banking.  |
Bank Systems & Technology November 20, 2008 Orla O'Sullivan |
Best Practices on Data Breaches The task of informing consumers of a breach falls on banks. How the institutions do that is key to how they will be perceived by their customers.  |
InternetNews August 18, 2005 Tim Gray |
Consumers' Online Security Concerns Rising A new study suggests that authentication technologies may help regain online users' trust.  |
Wall Street & Technology November 18, 2005 |
Stronger Authentication Single-factor authentication is insufficient for online financial services, according to the Federal Financial Institutions Examination Council (FFIEC).  |
InternetNews October 24, 2005 Tim Gray |
Companies Bid for Authentication Compliance Work Financial institutions are getting started on security compliance regulations.  |
Bank Technology News June 2006 Rubina Johannes |
The Demographics Of ID Fraud Not every group is victimized, or protected, in the same way or at the same level. Javelin examines how incidents and precautions differ based on age, income and ethnicity.  |
Bank Technology News February 2007 Andrea Klein |
Losses Rise If Reputation is Compromised The banking industry has begun to recognize the true cost of a tarnished reputation. The next and more challenging step for many is mitigating reputational risk, especially as it relates to online security breaches.  |
Bank Systems & Technology February 10, 2010 Penny Crosman |
ID Fraud Grew 12% in 2009, But Wells Fargo's Fraud Losses Are Down Javelin Research's latest fraud survey finds identity fraud continues to rise, but losses are down at some banks due to fraud detection technology improvements.  |
Bank Technology News December 2008 Glen Fest |
The Paradoxes Of Mobile Adoption A new Javelin Strategy & Research report reveals layers of paradox involving mobile banking security.  |
Bank Systems & Technology April 7, 2006 Peggy Bresnick Kendler |
Security Outlook A plethora of high-profile data breaches and concerns about identity theft have put the banking industry on high alert. To secure their information assets, banks must implement a cross-channel, multilayered approach that extends beyond technology.  |
Wall Street & Technology August 22, 2007 Melanie Rodier |
Employee Fraud Not Being Properly Addressed By Financial Industry, Government, Survey Says Financial institutions widely believe employee fraud to be driven by increased access to technology, poor hiring and screening practices, and organized crime, according to a new survey.  |
Bank Systems & Technology May 26, 2010 Matt Gunn |
Fiserv, PhoneFactor Partner For Phone-Based Multi-Factor Authentication Authentication services provider PhoneFactor and Fiserv announced a partnership that makes phone-based multi-factor authentication available through Fiserv's Corillian Online banking solution.  |
Bank Technology News March 1, 2008 Glen Fest |
Thwarted On-Line, Crime Looks to Past A new identity theft report survey finds a continuing overall decline in fraud numbers and victims, but unfortunately a rapidly rising number of "vishing" and other hands-on alternatives to catching consumers off guard.  |
Bank Technology News January 2009 Rebecca Sausner |
Banks Beef Up The Locks Many U.S. banks are now taking another look at their online authentication technology, and increasingly adding layers that involve out-of-band techniques and stronger fraud-detection engines.  |
Bank Systems & Technology April 13, 2010 Matt Gunn |
ID Theft, Card Fraud Top Consumer Concerns, Unisys Survey Finds Banks need to go beyond "traditional" fraud prevention efforts, report authors find.  |
Bank Systems & Technology May 21, 2008 Paula Damiano |
Consumers Have Great Expectations for Online Security Despite banks' best efforts to improve online security, their defenses are only as strong as their customers' security habits. Unfortunately, many don't take the necessary precautions.  |
CRM September 1, 2005 David Myron |
Online Banking: Consumer Trust Versus Loyalty Identity theft victims' assurance of security reflects comfort levels with online banking, and not their loyalty to a particular bank.  |
InternetNews February 12, 2010 |
Study Puts Identity Theft Cost at $54B in 2009 Research firm Javelin estimates that more than 11 million Americans were victims of identity theft last year, a 12 percent increase that led to tens of billions of dollars in costs.  |
InternetNews April 2, 2006 Roy Mark |
DoJ: 3.6M Households Hit With ID Theft Identity theft hit an estimated 3.6 million households - approximately three percent - during a six-month period in 2004, according to the Justice Department's Bureau of Justice Statistics, released Thursday.  |
InternetNews November 8, 2005 Clint Boulton |
Liberty Needs to Know Who You Are The Liberty Alliance Project creates a group to help companies bring authentication into their folds.  |
Bank Technology News April 2009 Rebecca Sausner |
Compliance, IAM Top Security Plans Security regulatory compliance and identity and access management were the top two security initiatives in financial services in 2008, just as they were the year before.  |
Bank Technology News February 2007 Holly Sraeel |
ID Theft Needs Little Fuel to Fan The Flames. Or Does It? With financial crime -- particularly cybercrime -- becoming more sophisticated among for-profit criminals, some industry observers argue that ID fraud is rising, and that many victims are still unaware of it.  |
Bank Systems & Technology July 12, 2007 Larry Greenemeier |
Link Between Data Breaches And ID Theft Unclear, GAO Reports A U.S. Government Accountability Office report indicates that while the amount of information lost or stolen is disturbing, it's difficult to prove that these breaches lead to identity theft.  |
InternetNews January 30, 2006 Sean Michael Kerner |
ID Theft And Internet Fraud Declining? New studies indicate that the Internet isn't as dangerous as other places.  |
Bank Systems & Technology October 30, 2007 Nancy Feig |
Banks Using Mobile Phone for Out-of-Band Authentication Amid increasing pressure to protect customers online, some of the largest global banks are turning to out-of-band authentication to fortify their Web banking services.  |
Bank Technology News October 2009 James Van Dyke |
Consumers Do Want to Be Partners in Security While many bankers and technology professionals profess a belief that individuals can't be motivated to protect themselves, new Javelin research shows that more than eight in 10 online bankers view security as a shared responsibility.  |
Bank Technology News August 2006 Glen Fest |
Choosing Authentication Solutions: Vetting Vendors, Soothing Customers Banks face tough choices today in building anti-fraud resiliency, from selecting providers to meeting user preferences. Will they be happy with those choices tomorrow?  |
InternetNews January 16, 2006 Sean Michael Kerner |
Online Shopping Boosted By Security Confidence According to a new survey, security concerns did not inhibit consumers from making online purchases.  |
Bank Systems & Technology March 7, 2005 Cynthia Ramsaran |
ID Theft Hits Paper Harder Despite growing fears of online fraud related to Web-based banking services, the increase in identity theft is hitting consumers closer to home than in cyberspace. Identity theft crimes are more often committed off-line rather than online.  |
Bank Systems & Technology August 2, 2005 Phil Britt |
Fighting the New Face of Fraud Technology plays a critical role in banking fraud, both in creating new opportunities for fraud and offering new methods to defend against it. Financial services institutions must take a holistic approach to combating fraud.  |
BusinessWeek July 3, 2006 Dean Foust |
ID Theft: More Hype Than Harm Law enforcement officials say the criminals tend not to follow through after stealing personal data.  |
Bank Systems & Technology February 22, 2007 Michael Singer |
To Keep Consumer Trust, Try Tokens and Smart Cards Banks and other financial institutions should adopt stronger authentication measures, such as security tokens and smart cards, if they want to increase customer satisfaction with Internet banking, according to a panel of industry analysts.  |
U.S. Banker July 2005 Holly Sraeel |
Want to Make a CEO Wince? Talk About Fraud. When bankers refer to fraud in public, it often comes off as if the theft does not involve a human being. Behind the financial losses and data breaches are people-on both sides of the problem.  |
Bank Technology News June 2006 |
If It's Loyalty You Seek, Forget Fees For Credit Monitoring At a time when customers are worried about becoming victims of ID theft, banks have a huge opportunity to cement relationships by offering free credit monitoring services to all customers.  |
Bank Technology News July 2005 |
Securing Customer Data Gets Tougher Each Day When bankers refer to fraud publicly, it often comes off as if the theft does not involve human beings. But behind the recent spate of data breaches are people-on both sides of the problem. Want to make a CEO wince? Talk about fraud in real terms.  |
Bank Technology News December 2008 Holly Sraeel |
ID Fraud Resolution? Yes. But Banks Need To Prevent It. But a greater focus on prevention, detection and resolution of ID fraud over the past four years has translated into big advances for banks.  |
Wall Street & Technology November 21, 2006 Gregory Framke |
Ask The Experts: Customer Account Security Security risks are very real for financial institutions, whether they serve customers at a retail branch or over the Internet.  |
The Motley Fool February 23, 2007 Mary Dalrymple |
Hassled to the Maxx The identity theft saga involving T.J. Maxx continues: Consumers need to be on the lookout for evidence that their identity, credit card, or debit card information has slipped into the wrong hands.  |
U.S. Banker March 2004 John Engen |
Identity Victims Get Badly Needed Help Bankers view the industry's first stab at forging a unified response to the problem as a strong signal-sender. "Customers can see that we're banding together to stop this, and we can send a message to criminals that we're not working in a siloed fashion," says Mary Blegen, head of US Bancorp's fraud liaison center.  |
Bank Systems & Technology September 1, 2003 Cynthia Ramsaran |
Consumers Feeling More Comfortable with Banking Online Consumer attitudes towards the safety and security of Internet banking have improved dramatically since 2001  |
Inc. August 2003 Robert X. Cringely |
They've Got Your Number Identity theft using a combination of computer technology and government information is a major crime just waiting to happen.  |
Bank Technology News April 2006 Glen Fest |
Fraud Prevention: Engaging More Than The Enemy Banks could improve anti-fraud measures if they provided tools that draft customers into the battle. But it's not that simple for an industry still rife with soft spots.  |
Bank Systems & Technology January 31, 2006 Maria Bruno-Britz |
Fortifying Online Banking The Federal Financial Institutions Examination Council (FFIEC) issued guidance to the financial services industry for data security in the online banking environment. Banks must perform the mandated risk assessments by the end of 2006.  |
AskMen.com Michael Hirsch |
How To: Deal With Identity Theft You probably don't think about it, but transactions you take for granted every day put you at risk for identity theft.  |
U.S. Banker July 2006 Michael Dumiak |
For Victims of ID Fraud, Losses are Not the Same Age, income and ethnicity factor into who is most vulnerable to identity fraud. The demographics of ID fraud are a call to action for institutions to analyze the trends closely so they can better educate customers.  |
Bank Systems & Technology February 5, 2009 Maria Bruno-Britz |
Deloitte Says Financial Crisis May Lead to Security Crisis for Banks Problems with liquidity and customer retention aren't the only challenges that banks will face in 2009. The pressures brought on by the financial crisis are actually increasing banks' vulnerabilities to data breaches.  |
Bank Technology News May 2011 Penny Crosman |
The Check-Kite Fight That Never Ends Beach Business Bank has been working to improve online banking transaction authentication to prevent check and wire fraud from occurring again.  |
Bank Technology News December 2007 |
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance?  |