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Bank security executives work to mitigate a number of physical security threats, from theft and insider risk to fraud, workplace violence and terrorism.
Security leaders at Ecuadorian bank Banco Guayaquil use security officers and a physical security operations app to secure the multiple bank facilities.
Marco Maiurano has joined First Citizens Bank as Chief Information Security Officer. He is responsible for overseeing the company’s information security operations, identity and access management, information security architecture and security consulting solutions.
Jeffrey Feinstein, Vice President of Global Analytic Strategy, LexisNexis Risk Solutions, had the honor of serving on a Federal Reserve committee this past winter to define synthetic identity fraud. The result of this effort was the release of a paper that defines it for the industry, an essential step forward in the fight against this pervasive threat.
Feedzai has announced its Quarterly Financial Crime Report, an analysis of over 12 billion global banking transactions from January – March 2021. The report identifies trends in spending and in fraud attempts to show that this past quarter, as consumer activities increased, fraudsters attempted to hide their fraudulent transactions in legitimate banking. In fact, combining all banking fraud – internet, telephone, and branch – attacks grew a whopping 159% in Q1 2021 compared to Q4 2020.
Owing to the increasing frequency, diversity and sophistication of ATM attacks, banks must rethink and modernize security in order to better circumvent ATM crime and protect their bottom line
Unfortunately, the unquestionable convenience and accessibility of ATMs is also the source of their greatest downfall. Being both unguarded and money-loaded, they are an obvious target for criminal activities and low-risk, high-reward theft opportunities for perpetrators. It is for this reason that 2020 experienced a drastic uptick in the number of ATM heists across the United States.
The Office of the Comptroller of the Currency (OCC) reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2020.