Layered Security for Mobile Banking
American Banker published a great article last week covering some of JPMorgan’s security strategies for mobile banking. Lloyd O’Conner explained the importance of layering multiple security technologies to protect their clients — as well as their own company — from the growing cyberthreats that not only target the online channel but are zoning in on [Read More...]
State of the Union
I’ve been working in the authentication and fraud detection space for close to ten years now and I find it both fascinating and scary. And the more knowledgeable I get, or maybe just the more I read about it, the scarier it gets. At our recent sales conference we had a number of speakers who [Read More...]
Is traditional strong authentication dead with the new Man-in-the-Browser attacks?
I wrote last week (see: ‘Old school’ fraud detection not making the grade in the new world of online attacks) about the importance of behavioral fraud detection in the fight against Man-in-the-Browser attacks. Does this mean that strong authentication is out of the picture? Nope! Like all good security strategies, it’s important to take a multi-layered [Read More...]
‘Old school’ fraud detection not making the grade in the new world of online attacks
Times they are a changin’. It used to be that checking transactions when they happened (or shortly after) was enough to make sure that online fraud didn’t happen. Banks using sophisticated (or sometimes not-so-sophisticated!) systems for detecting fraud by integrating with banking applications can check for anomalies…but only if something seems ‘off’ in the transaction [Read More...]