From state-backed hackers to call-center cracks, the threats have multiplied in sophistication and number. But smart banks can fight back.
To ward off cyber fraud, banks need to deploy proactive detection systems, give the chief information security officer enterprise-wide authority and improve customer education.
Credentialing customers via biometrics offers banks a way to improve security for customers while increasing their own market share.
Protecting a customer’s vital financial information requires that financial institutions encrypt and track the flow of that data.
As the nation’s largest banks settle mortgage fraud-related cases, evidence mounts that federal prosecutors will turn their focus next to regional banks.
While cyberattacks get the most attention, much data theft at banks occurs at the branch level and can be mitigated by applying appropriate digital security measures.
Protections from check fraud should start at the printer level with a multi-layered security program.
To combat an increasing array of fraud threats, financial institutions need to deploy layered defenses, artificial intelligence and monitoring of criminal websites.