Articles Tagged with ''bank security''

The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.

The University of Nevada, Reno is establishing a Cyber Security Center.

A fake ATM was found behind a real one in a Bank of Brazil branch in Curitiba, Brazil.

Nearly half of financial frauds being uncovered involve criminals trying to use someone else’s stolen personal details, Experian warns. The credit checking company says that identity theft is a “significant and rising threat,” accounting for 46 percent of financial frauds detected this year – that’s almost double the rate of cases seen in 2012 (27 percent).

New York financial regulators have surveyed more than 200 banks and other financial institutions about their cyber security and will soon expand their analysis to insurers with trillions of dollars of assets, according to an Associated Press report.

Security forces in Libya are searching for heavily armed men who seized a truck carrying more than $50 million in cash in the city of Sirte, according to the state news agency LANA.

To minimize risk, two-factor authentication has become a necessity and is now generally being adopted. Two-factor authentication is the combination of two out of the three possible methods (something you know, something you have, something you are).

The island nation has hired nearly 300 additional security personnel to ensure bank safety during the national reopening. 

Nearly 700 tons of gold bars will be returned to the Bundesbank in Frankfurt, Germany, after it was stored abroad for protection during the Cold War. 

If you are experiencing trouble getting your bank to work for you, it turns out that was not the case with Iran, the Sudan and Mexican drug cartels, who all used some world banks to launder their money.