Banking & Financial Archive
Report Says Security Boosts Payment Cards Market
Apart from replacing the cumbersome and often risky paper-based transaction system, electronic payments have boosted business prospects of organizations worldwide according to the report titled "Payment Cards: A Global Outlook," published by Global Industry Analysts Inc....
Survey Finds Most Banking Web Sites Have Dangerous Flaws
More than 75 percent of the bank Web sites surveyed in a University of Michigan study had at least one design flaw that could make customers vulnerable to cyber thieves after their money or even their identity....
Banking Networks Victims Of Security Flaws And Holes
TraceSecurity contends that the case of Citibank customers--whose funds were hacked--is just the tip of the iceberg when it comes to the overall security and compliance of the networks that process ATM transactions....
Identity Theft, Financial Fraud Remain Top Concerns For Consumers
Fears about identity theft and financial fraud are top global concerns for consumers, according to the latest results of the Unisys Security Index....
Bank Employs New Security Tactics
Once inside First Mutual Bank's main branch in Bellevue, Wash., people might wonder where the windows are....
As Good as Gold
By Ashley Roe
As the largest financial institution headquartered in the Western United States, Wells Fargo & Co. was founded in 1852 by Henry Wells and William Fargo...
Banks Could Increase Profitability With Stronger Security Measures
Consumers would take advantage of more online banking services if banks provided stronger identity protection, suggests TriCipher, a Los Gatos, Calif.-based provider of authentication solutions to protect against fraud and identity theft....
Information theft highlights the latest bank security problems
The Biometric Clock
By Carol Carey
For International Bank of Commerce (IBC), the decision to invest in a biometric computer security system has brought both expected and unexpected rewards....
Where the Money Is
By Randy Southerland
People rob banks because that's where the money is. Not much has changed in the decades since the infamous Willie Sutton uttered his oft-quoted rationale...
The Virtual Bank Vault
By Sandra Kay Miller
Walk into a bank and, chances are, you will see the standard vault, complete with massive steel door armed with thick, cylindrical pins. Unseen are the...
Specialized hacks against banks and utilities on the rise
New Rule Requires Banks To Disclose IT Security Breaches
Four federal agencies have issued rules requiring U.S. banks to inform customers when their personal data has been made public because of an information...
Eyes On the Transactions
By Randy Southerland
A woman walks into a bank and up to a teller. She is clearly upset. Speaking quickly, she begins telling a bank official that someone stole her ATM card...
DON'T MESS With This Texas Bank
At 11:42 a.m. on Dec. 5, 2003, a man dressed in dark pants, a white shirt, black gloves and a black mask walked into Citizens National Bank (CNB) in Mount...
Take It To The Bank
By Joanne L. Harris
Cash isn't the only asset that financial institutions have to worry about protecting. Critical customer identification and personal financial information...
FINANCIAL INSTITUTIONS: KNOWLEDGE OF SECURITY
A survey of the financial services industry asks: How informed are top executives about security threats? Board Members CEO VERY INFORMED 18% 34% SOMEWHAT...
Monitoring a Financial Hub
The next time you stop at an ATM machine, think of Genpass Inc., Irving, Texas, an electronic funds transfer (EFT) processing company that might be handling...
Bank Sees Digital Dividends
Liberty Bank and Trust serves more than 40,000 customers at 10 locations in Louisiana and one in Mississippi. Large customers include American Express,...
Credit Union's Digital Video Keeps Members' Money Safe
Financial institutions tend to be proactive about security. Yet their protection can only be as good as the equipment available on the market. Consider...
Teamwork and Innovation Lead to Success for Regions Financial Corp.
Regions Financial Corp., one of the 25 largest financial services companies in the nation, ranks on both the Forbes 500 and Fortune 500 listings of America's...
Unified Approach
By Corrina Stellitano
Like many large corporations today, First Data Corp., an electronic commerce and payment services provider, requires multiple company divisions to provide...
Banking On Quiet Surveillance
The 48-story BankOne Tower in Indianapolis, the tallest building in Indiana, has selected surveillance and monitoring consoles from Middle Atlantic Products,...
Horizon Gives Big Banks A Run For Their Money
By KATE HENRY
Increasingly rare and therefore all the more valuable, Horizon Bank, Pembroke Pines, Fla., was chartered in 1999 to serve as an independent, local bank...
Risk Management Crosses Disciplines at PNC Bank
By JACQUELINE EMIGH
Every day, banks are faced with security hazards ranging from robberies to hacker attacks all while complying with an increasingly complicated regulatory...
