Tag: Online banking

Banks Are Up to the Challenge of Combating Fraud

When it comes to online banking fraud, the numbers tell the story: $21 billion: The amount stolen due to identify fraud. $3 billion: The amount stolen by cybercriminals from US banks, businesses and municipalities using financial malware. 39 percent: The amount of all computers infected with financial malware. 150 percent: The rate at which online […]

Linking up the debate

Following my recent post on just how free America is when it comes to enterprise security and the CIO responsibility I had an interesting exchange on LinkedIn with a peer, Anders Rundgren of PrimeKey Solutions, who evolved the discussion. I like to share these conversations on our blog as I advocate the education and analysis […]

What are you revealing online?

Social networks have led us to share more than perhaps others would care to know: your state of mind at that party last week; the apple pie you just baked; or the exciting fact that gray clouds are hovering overhead. But there are people out there who are very interested in seeing exactly what you […]

Patco ACH Fraud Case: Banks Need To Take Stronger Security…

What’s a “commercially reasonable” amount of security for a bank? We got one answer last week when a federal appeals court reversed a lower court’s ruling on the Automated Clearing House (ACH) fraud dispute between Patco Construction and Ocean Bank.  Patco sued Ocean Bank for having “commercially unreasonable” security in place after Patco lost more […]

Would NFC and mobile banking be better targeted at emerging…

Continuing our series of responding to mobile questions from influential bloggers, our latest question comes from our good friend, Jon Choo. Jon has more experience than most in the field of NFC payments, having recently taken part in Gemalto’s Contactless Challenge. For this, Jon (and his opposing number, Mobile Industry Review’s Ewan MacLeod) was tasked with carrying out a […]

How to use your mobile authentication

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 […]