126 Results from 2013, /security
Pat Carroll Founder/Executive Chairman at ValidSoft
This survey from Avaya and Sabio caught my eye recently as it shows how concerned consumers are about data privacy and security. And it is an unfortunate fact that financial institutions are the ones that consumers trust less with their personal information. Essentially, the survey shows that (1) customers feel that giving a call centre operator ...
10 April 2013 /security Disruption in Retail Banking
Retired Member
The financial services industry is increasingly reliant on multiple digital channels to facilitate business growth. While this provides significant opportunities, it also comes with increasing threats. The industry is now more vulnerable than ever before to attacks from individuals and groups with a range of motives. Large scale businesses with hi...
03 April 2013 /security
The fact that ING is considering the use of biometrics for customer authentication is unsurprising. However, the fact that the industry is not already at the stage where this is commonplace perhaps is. The inherent insecurity of all current counter-fraud systems is that they aren’t directly attached to the individual. Passwords, PIN numbers, magn...
28 March 2013 /security
Part 2 - A new approach is needed In the first part of my series of blog posts, I have analysed how Master Data Management can help financial institutions to extract the information hidden as “unstructured data” in their legal agreements. In this part I will talk about how a new approach to enterprise content management (ECM) supports Master Data ...
20 March 2013 /security /regulation XBRL Discussion Group
Part 1 – From 'war room' to Master Data Management I want to start my blog with a series of posts that analyse how modern enterprise content management systems can help the Financial Service Industry to stay on top of its information 'War room' The 2008 credit crisis highlighted the importance of global financial institutions being able to manage ...
Eric Smith Senior Pre-Sales Consultant at Dynamic Partners
Let me start by saying what wonderful things mobile payments and mobile banking are. You can’t deny the convenience of being able to bank, pay for goods and services, and perform P2P payments while “on the go”. It is these little conveniences that help turn train and bus travel into something more useful than simply reading the newspaper. With the ...
18 March 2013 /security
David Divitt Senior Fraud Product Manager at VocaLink
In the past, risk and fraud systems were managed separately, by different teams with different strategies and objectives. It’s been that way for many years, but we’re now starting to see a softening of the boundaries, especially at PSPs and merchant acquirers. Many of these firms are pioneering the drive to bring together risk and fraud into one co...
11 March 2013 /security /regulation
Robert Siciliano Security Analyst at Safr.me
It seems that almost every site on the Web requires a password. At least twice a week, I get an email from someone who wants me to join yet another site, which requires yet another username and password. You can cop out and use the same username and password combination, but that’s always possible since some sites let you use numbers and symbols in...
07 March 2013 /security
Time isn’t just money. Time is what you spend with your family, on a vacation or watching a kid’s dance recital. Time can be gained or lost based on how efficiently or inefficiently you use and implement mobile technology. First and foremost, your mobile phone is a communication tool. It should be set up to access and communicate with everyone in y...
A good friend of mine called me recently to ask what I knew about scams from online sales. He had placed an ad on CraigsList for something he was trying to sell and had asked for $150 for the item. He had received a call from a woman and she offered to send him a check for the item. Shortly thereafter, he received a $2,400 check from a major chemi...
05 March 2013 /security
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