For banks, advanced algorithms hold the keys to keeping customer data safe—an imperative as high-profile hacks continue to make headlines.
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.
While data proliferation helps banks make the right offers at the right time, privacy and fraud issues are also increasing the complexities of data governance.
One Time Passwords (OTPs) can make a big contribution to mobile authentication security and convenience if handled properly.
Effective digital identity management is the key to controlling the proliferation of money laundering crimes worldwide.
While no security defense to cyberattack is foolproof, financial institutions can benefit from a comprehensive framework that crosses divisional and operational lines.