Nothing regular about RegTech

If necessity is the mother of invention, then there’s a new child in financial services that reconciles compliance and regulation with a seeming opposite: efficiency. RegTech—or regulatory technology—arguably represents the fastest growing segment in the scorching-hot FinTech arena. RegTech aims to take the ever-changing, complicated and constant demands of banking compliance and automate them. That means a Read More

By |2020-05-27T17:59:48-05:00March 14th, 2017|Comments Off on Nothing regular about RegTech

Lights, cameras, inaction threaten banking security

Back in the good old days, robbers had to show up at banks, guns drawn, to make illicit withdrawals. Good thing that security cameras were in place to catch the bad guys. But now—in an ironic, 21-Century feat of high-tech swindling—fraudsters can use those same cameras to access millions and millions of dollars, and escape without so Read More

By |2020-05-27T17:59:48-05:00March 6th, 2017|Comments Off on Lights, cameras, inaction threaten banking security

The road not token: How fraudsters beating EMV could hit a dead end in 2017

EMV has been a much-discussed payments topic in recent years. And when the EMV liability shift occurred in 2015, millions of mag-stripe debit and credit cards were traded in for chip-enabled cards. The goal: to prevent consumer data theft and tighten security at point-of-sale terminals. Despite some slow rollouts of EMV-capable retail terminals, the shift to more Read More

By |2020-05-27T17:59:51-05:00January 12th, 2017|Comments Off on The road not token: How fraudsters beating EMV could hit a dead end in 2017

Fake folks, real threat: How synthetic fraud fools financial institutions

Parker Conrad’s LinkedIn page shows he has a thriving IT business, a loving family with “two princesses,” an electric car (a Chevy Volt, to be precise) and more than 500 connections. But here’s one thing it doesn’t show: Parker Conrad doesn’t exist. He is a fake persona, created by a Florida cyber security firm to show just Read More

By |2020-05-27T18:00:03-05:00December 2nd, 2016|Comments Off on Fake folks, real threat: How synthetic fraud fools financial institutions

Bank fraud fighter to underscore risks to millennials in BAI Beacon presentation

Christopher DeAngelis is convinced that Millennials—notoriously loose with their personal information—make it much too easy for fraudsters to separate them from their money.  And a very few bad apples of the Millennial sort, all too aware of this, are moving into new forms of fraud themselves befitting a generation that’s grown up digital. But for DeAngelis, who Read More

By |2020-05-27T18:00:06-05:00September 9th, 2016|Comments Off on Bank fraud fighter to underscore risks to millennials in BAI Beacon presentation

Lessons from SWIFT’s warning: Three steps to head off cyberfraud

Controversy. Doomsday scenarios. Industries in crisis. The media is often accused of thriving on these dire topics, and many more. But in one recent case, the alarm bells did a tremendous service to the global financial community:  It gave a platform of urgency to SWIFT, a global member-owned cooperative leading the way in secure financial messaging services Read More

By |2020-05-27T18:00:07-05:00August 31st, 2016|Comments Off on Lessons from SWIFT’s warning: Three steps to head off cyberfraud