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Finance and Banking Security

 

WorkLight encourages banks to take up Web 2.0 technology

Web 2.0 for wholesale banking is the way forward according to recent analysis and should be adopted by leading banks, says WorkLight

30 July 2008: WorkLight

 

Pick up zero day phishing attacks in real time

PhishLock from SentryBay enables e-commerce web site operators to provide real time protection for their customers from zero day phishing attacks

30 July 2008: SentryBay

 

e-banking not as secure as it could be

GrIDsure examines APACS report on online banking and identifies remaining areas of insecurity in terms of user authentication

25 July 2008: Gridsure

 

American post offices get desk top PIN payment systems

Vx610 Wireless payment systems equipped with PIN entry to be used for customer counters in US post offices

24 July 2008: VeriFone

 

Behavioural analysis as a way of overcoming banking fraud

Increased sophistication in e-banking fraud methods drives additional requirement for innovative methods of preventing losses including the use of behavioural analysis methods

24 July 2008: Tier-3

 

Contactless payment system recognised in awards

VX510 countertop payment system with contactless technology wins recognition in the European Retail Solutions Awards 2008.

17 July 2008: VeriFone

 

Assistance for banks in staying ahead of phishers and hackers

As hackers become more sophisticated with such techniques as “man in the browser” attacks, Cronto offers banking institutions a method of staying one step ahead and maintaining high security levels for their customers

11 July 2008: Cronto

 

Remote attack on ATM communications leads to large financial loss

Phion recommends the use of secure VPN communications between ATM dispensers and central servers after Citibank loses out to financial fraud

07 July 2008: Phion

 

ATM hack puts banking customers at risk

With US hackers having found a way to crack PIN codes for cash machines, GrIDsure proposes hardware independent one time authentication to protect bank accounts

04 July 2008: Gridsure

 

Unencrypted backup brings FSA wrath on stock broker

Despite no security breaches having taken place, Stock broking firm Merchant Securities is fined by the FSA for having unencrypted back up tapes

19 June 2008: PGP (GB)

 

GrIDsure warns of fraud concerns over high speed banking transactions

A new approach to authentication could solve problems associated with trends in performing higher value and faster banking transactions over the internet

13 June 2008: Gridsure

 

Banking security award for Veracode

Banking industry award recognises Veracode SecurityReview as Information Security Project of the Year for its comprehensive testing capabilities

02 June 2008: Veracode

 

Major UK bank partners with PGP for banking security

Barclays Bank and PGP enter partnership agreement for securing customer records and sensitive banking information

22 May 2008: PGP (GB)

 

Digipass for Brazilian retail banking sector

Retailing e-banking in Brazil to be secured using Digipass strong authentication technology from Vasco.

08 May 2008: Vasco

 

Finance industry abdication of fraud responsibility lacks support for customers.

Online research reveals that shifting the onus of responsibility for fraud protection onto consumers by financial institutions is only workable with improved assistance in security IT assets.

01 May 2008: dns

 

Free phishing prevention guide from Cronto

Fraud related to internet banking is a complex and changing threat which Cronto is helping to clarify with free downloadable guide.

30 April 2008: Cronto

 

Phishing protection gains award for MarkMonitor customer.

Nationwide gains anti-fraud strategy award using Phishing protection technology supplied by MarkMonitor.

23 April 2008: MarkMonitor

 

E-banking losses through unsecured computer could be liability of user.

Banking code report brings to light the intention of banks to make users liable for losses incurred through e-banking if the computer doesn’t have adequate protection.

16 April 2008: Finjan Software

 

Security of Instant Messaging is going unnoticed.

FaceTime Communications warns that with one in four employees admitting to sending information about company plans, finances or password/login credentials via instant messaging, organisations need to wake up to the use of real-time communications within the workplace.

20 March 2008: FaceTime Communications

 

Screening software for investment management company

Brewin Dolphin ensures EU money laundering compliance with adoption of PEP screening tools from Datanomic.

04 March 2008: Datanomic

 

E-banking remains safe despite more sophisticated ID theft techniques.

Fortify Software continues to believe in the safety of internet banking provided that sufficient security software is installed and kept up to date.

29 February 2008: Fortify

 

US banks should bolster security skills to prevent intrusions.

Good governance and adequate security resources are needed to reduce the levels of successful banking system intrusions according to ISACA.

29 February 2008: ISACA

 

Banking ATM security white paper available.

Network Box white paper shows that banks could do much more to ensure the protection of their ATMs from IP worms, denial of service attacks and other threats.

22 February 2008: Network Box

 

French certification for Vx range from VeriFone.

Payment authorisation and PIN verification functions approved by French Cartes Bancaires providing VeriFone with a route into the European Market.

19 February 2008: VeriFone

 

EFT authorisation technology for Barbados Bank.

Record implementation time for electronic funds transfer authentication and execution technology from Alaric in Credit Union of Barbodos.

19 February 2008: Alaric International

 
 
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