Posts Tagged ‘online banking’

Power to the bank customer

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Posted on 8th Nov 2011 by in Corporate

The Credit Union National Association recently reported that, in the month of October alone, more than 650,000 customers joined credit unions – which is roughly equal to all of the customers that moved in 2010 combined. Is this the return of the thrift bank?

How can we fight online banking fraud?

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Posted on 20th Oct 2011 by in Enterprise

Online banking fraud is down by nearly a third in the UK, according to banking industry group Financial Fraud Action (FFA) UK.  This is quite an astonishing figure, which the FFA attributed to a rise in anti-fraud software and chip-and-pin technology. It is great to see the UK demonstrating how to attack online banking fraud […]

How your wallet (and your bank) are going mobile

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Posted on 12th Oct 2011 by in Corporate

Mobile banking is a high priority for financial services organizations especially with the arrival of the Internet generation. Mobile services are now moving away from a stripped down version of the banks’ web sites but towards an app-based approach. What does this mean for banks and what will be the impact of the arrival of NFC?

It’s good to talk: communication is key to tackling cybercrime

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Posted on 20th Sep 2011 by in Enterprise

Recently, @briankrebs highlighted a Trojan attack which showed quite how sophisticated some cyber attacks are now becoming. The case in question is being investigated by German police, and involves a new piece of malware which convinces online banking customers to willingly transfer their own money into the accounts of criminals. This particular case shows that, sometimes, even a layered […]

How to use your mobile authentication

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Posted on 12th Sep 2011 by in Telecom

Mobile phones are fast moving beyond communications, beyond gaming, social and productivity tools, to take on a vast number of new applications thanks to the use of NFC-based technology and data services. We’re theoretically able to unlock hotel rooms, pay for groceries, secure deals with location-based vouchers and work on the go. We can do […]

SpyEye targets security blindspots

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Posted on 1st Sep 2011 by in Enterprise

According to this article from USA Today last week, cyber-attacks are set to increase over the remainder of this year due to the widespread availability of a new SpyEye hacker toolkit. The software allows hackers or cybercriminals to control a network of up to thousands of botnets, which can then be used for spamming, DDOS […]

Why use secure eBanking devices?

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Posted on 1st Sep 2011 by in Corporate

Using secure eBanking devices reduces online fraud because a hacker cannot access (or take) money from your online banking accounts using only your stolen login information. The hacker would also need the device, a smart bankcard and reader or a secure USB token. Still not convinced you should use secure eBanking devices? Read on!

Pros and cons of mobile tokens in authentication

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Posted on 31st Aug 2011 by in Enterprise

I recently discussed the future of the online banking industry and how the FFEIC should shape its next set of guidelines to ensure the safety of both banks and their customers in the years ahead. However, one area which I didn’t explore in that post is the mobile platform, and the role it has to play […]

Banking Fraud: $1 billion per year and rising

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Posted on 18th Aug 2011 by in Corporate

It’s fair to say that last week’s Bloomberg article, claiming that banks in the US are charging their clients for up to $1 billion of losses incurred through online banking fraud, has provoked a frenzied reaction from those in our field. While much of what the article covered was well-known to us already, with many […]

mBanking’s Big Advantage

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Posted on 3rd Aug 2011 by in Corporate

As one billion people turn to mobile phones and tablets to access the Internet, eBankers are seizing the opportunity to significantly enhance the security of their online banking and e-commerce, enable peer-to-peer mobile money, and develop a new mBanking channel.