Posts by Fraud Management

The 5 Basic (but Important) Questions Banks Need Answered Regarding FFIEC Regulatory Compliance

- by Chris RyanThis is last question in our five-part series on the FFIEC guidance on what it means to Internet banking, what you need to know and how to prepare for the January 2012 deadline.  Q: How are organizations responding?Experian estimates that less than half of the institutions impacted by...read more

The 5 Basic (but Important) Questions Banks Need Answered Regarding FFIEC Regulatory Compliance

- by Chris RyanThis is fourth question in our five-part series on the FFIEC guidance and what it means Internet banking. Check back each day this week for more Q&A on what you need to know and how to prepare for the January 2012 deadline.  If you missed parts 1-3, there's no time to waste, check...read more

The 5 Basic (but Important) Questions Banks Need Answered Regarding FFIEC Regulatory Compliance

-by Chris RyanThis is third question in our five-part series on the FFIEC guidance and what it means Internet banking.  If you missed the firstand second question, you can still view - our answer isn't going anywhere.  Check back each day this week for more Q&A on what you need to know and how to...read more

The 5 Basic (but Important) Questions Banks Need Answered Regarding FFIEC Regulatory Compliance

- by Chris RyanThis is second question in our five-part series on the FFIEC guidance and what it means Internet banking.  If you missed the first question, don't worry, you can still go back.  Check back each day this week for more Q&A on what you need to know and how to prepare for the January...read more

The 5 Basic (but Important) Questions Banks Need Answered Regarding FFIEC Regulatory Compliance

- by Chris RyanThis first question in our five-part series on the FFIEC guidance and what it means Internet banking.  Check back each day this week for more Q&A on what you need to know and how to prepare for the January 2012 deadline.     Question: What does “layered security” actually mean?      ...read more

FFIEC, KBA and the rest of the alphabet soup

--by Monica Pearson  With the most recent guidance newly issued by the Federal Financial Institutions Examination Council (FFIEC) there is renewed conversation about knowledge based authentication. I think this is a good thing.  It brings back into the forefront some of the things we have discussed...read more

Best Practices in Out-of-Wallet Questions and Device ID

--by Keir Breitenfeld As I’m sure you are aware, the Federal Financial Institutions Examination Council (FFIEC) recently released its, "Supplement to Authentication in an Internet Banking Environment" guiding financial institutions to mitigate risk using a variety of processes and technologies as...read more

Definition of Existing Account Fraud

-- by Kennis Wong On the surface, it’s not difficult to define existing account fraud. Obviously, it is fraud perpetrated against an existing account. But the way I see it, existing account fraud can be broken down into four types. The first type is account takeover, which is what most organizations...read more

Existing Account Fraud - a topic of interest at the CFCA conference held last week

-by Matt Ehrlich The Communications Fraud Control Association’s annual meeting and educational event was held last week (June 14 – 16) at the Allerton hotel in Chicago, IL.   The Communications Fraud Control Association is made up of communications and security professionals, fraud...read more

Corporate account takeover is a serious fraud risk; but good resources are available

-by Matt Ehrlich Whether you call it small business, commercial, or corporate account takeover, this form of existing account fraud has been in the headlines lately and seems to be on the rise. While account takeover happens to individual consumers quite frequently, it’s the sensational loss amounts...read more