Part III: Can Security Be A Competitive Differentiator For Banks?
Parts I and II of our series on the recent Online Banking Security Survey addressed the technical side of online banking fraud, namely the top threats and mitigation strategies. This post, the final installment in the series, looks at the more human side of the issue – how risk and security impact a bank’s customers. [...]
Part II: What’s Wrong With One-Time-Passcodes?
Part I of our series on the recent Online Banking Security Survey highlighted the shift toward real-time attacks from online banking trojans, such as ZeuS, which are now seen as the greatest threat to online banking. Unfortunately, most of the security measures in place today do not protect against ZeuS-style malware. This post, part two [...]
And the survey says…
The results of our Online Banking Security Survey are in and will be published here as a three part series. The first installment focuses on a clear shift in the threat landscape, the second on what banks are doing to protect their customers, and finally, the series will wrap up with a look at the [...]
PhoneFactor Publishes New Whitepaper on Online Banking Fraud
Incidents of online banking fraud have risen to unprecedented levels, while retail and commercial banking customers are growing increasingly dependent on their trusted service providers to insulate them from the malicious threats that continue to increase in number and severity. A recent study released by the Ponemon Institute and Guardian Analytics (2010 Business Banking Trust [...]
New Partnerships and Products Help Banks Protect Customers from Online Fraud
PhoneFactor has extended its reach into the banking industry by partnering with Fiserv, the leading global provider of financial services technology solutions, providing online banking and bill payment services to thousands of financial institutions, and launching the Universal Banking Gateway. Both will allow PhoneFactor to easily integrate with online banking applications to provide much-needed out-of-band [...]
VirtualBank Adds Out-of-Band Two-Factor Authentication
VirtualBank recently announced that they will be deploying PhoneFactor’s phone-based two-factor authentication to enhance security for their online banking customers. VirtualBank is the Internet Banking Subsidiary of Lydian Trust Company and serves a growing base of banking and lending clients nation-wide. “Security comes first for us at VirtualBank and we are constantly working to make [...]
