Financial Institutions Urged to Look Beyond FFIEC Rules

Because the focus is largely on front-end access controls — and less on what happens at the transaction level — the FFIEC guidance by itself is inadequate against emerging security threats, said Don Phan an analyst with Javelin Strategy & Research in Pleasanton, Calif.  Read more….

Avoiding Smart Phone Identity Theft

With over 220 million U.S. cell phone subscribers there exists a huge opportunity for identity thieves as the average consumer resells or recycles their phone as part of an upgrade decision every 1.5 years.  Read More….

ID theft: Two-factor authentication won’t stop identity theft

Many banks already issue business customers password-generating tokens to access online accounts. However, the skill of modern identity thieves has some in the industry worried they will soon work out how to penetrate such two-factor authentication.  Read more….