Top 5 Security Practices for Financial Institutions to Defeat Online Identity Attacks
The Bank of England (BoE) recently simulated a major cyber-attack against the British financial system that yielded some disturbing results: many of the UK’s largest financial institutions are unprepared for large-scale online identity-based attacks. More surprisingly, many of them are also uneducated on how to detect and report cyber security breaches. The Telegraph UK reported [Read More...]
Delight or Disappoint? FIs Balance Security and Customer-Experience Paradigm.
As mentioned in my last post, with organized crime groups clearly focused on the mobile channel, financial institutions will increasingly need to roll out strong security. But, they also need to be mindful of the impact that security has on the user experience. At a recent conference, I had the pleasure of attending a session [Read More...]