First Tech Federal Credit Union announced a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.
Nearly half of all credit card fraud around the world occurs in the U.S., although Americans account for just a quarter of global card volume, according to a recent Barclays report, which claims that the reason for the disproportionate fraud is that the U.S. still relies on outdated magnetic stripes, which are easy for hackers to replicate or manipulate.
Nearly 72 percent of U.S. federal actions involving employee theft in 2014 involved small businesses – organizations with fewer than 500 employees, according to the 2015 Hiscox Embezzlement Watchlist. Within that group, four of every five victim organizations had fewer than 100 employees, and more than half had fewer than 25 employees.
So you want to rob a bank; not saying you should, but... the “best” day is Friday, and the best time is between 9 and 11 a.m. So set your cellphone to an early wake-up call. Concentrate on a branch in a commercial section of the city. Go up to the teller counter and say your threat or hand over a note. Avoid an act of violence; only three percent of incidents of robbery, burglaries and larcenies resulted in violence in 2014. By the way, vastly more perpetrators are killed in a bank robbery compared to customers or employees.
Not all employees are saboteurs or malicious actors, but without education, unwitting employees could cause just as much damage as a targeted data theft in the long run. Read how to prevent this in the August 2015 issue of Security. Also read how building stronger relationships with local and national law enforcement can aid in school security awareness and response, learn about the dangers of continuing to use old credit card terminals, and see the ASIS International 2015 product review.