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Home » Topics » Sectors » Banking/Finance/Insurance

Banking/Finance/Insurance
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47% of the World’s Credit Card Fraud Happens in the US

June 1, 2015

According to a new report from Barclays, 47% of the world’s credit card fraud happens in the United States, even though Americans only account for 24% of the total credit card volume.


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Transition Times for Bank and Financial Services Security

zalud-2016-200px.jpg
Bill Zalud
June 1, 2015

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.


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Survey Reveals Time to Identify Advanced Threats is 98 Days for Financial Services Firms, 197 Days for Retail

May 19, 2015

Financial Services and Retail organizations struggle to identify advance threat attacks once they are inside their network, according to a new Ponemon Institute Survey.


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Survey Finds Median Employee Theft Loss of $280,000 for US Organizations

May 14, 2015

 US organizations with less than 500 employees experienced a median loss of $280,000 per year due to employee theft across a wide range of industries  


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Study Finds Merchants Lag Behind Mobile Growth

April 22, 2015

As the mobile commerce channel continues to surge, a new study finds that merchants are not keeping pace with growth when it comes to fraud and mobile payment adoption.


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Banks Must Tighten Security for Their Vendors

April 9, 2015

 Wall Street banks and other financial institutions need further strengthening of their cyber security measures.


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Halifax to Test Biometric Wristband for Identity Verification

March 17, 2015

The wristband would identify a customer's unique heartbeat to verify his or her identity when using a banking app on a smartphone.


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Eighty Percent of Global Merchants Fall Short on Card Data Security Compliance

March 11, 2015

Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards.


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Microsoft Sues Hackers

March 4, 2015

 Microsoft has sued a group of hackers who have allegedly stolen millions of dollars from computer users and financial institutions using malware disguised as its Windows software.


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Hospital Sues Bank of America Over Cyberheist

March 4, 2015

A public hospital in Washington state is suing Bank of America to recoup some of the losses from a $1.03 million cyberheist.


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