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Download presentations from Financial Information Security Decisions 2009
Download a number of the compelling presentations from the 2009 Financial Information Security Decisions conference. Conference supplement
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Aite Group: Take action now to manage remote deposit capture risks
Fraud losses involving RDC technology have the potential to skyrocket if banks don't work proactively to deal with the risks, research firm says. Article | 11 May 2010
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Regulators revisit authentication advice to thwart online banking fraud
t's been nearly five years since the Federal Financial Institutions Examination Council (FFIEC) issued its authentication guidance for online banking. Since then, cybercriminals have developed sophisticated malware that can circumvent multifactor aut... Interview | 25 Mar 2010
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Gartner's Avivah Litan on the online banking fraud surge
The recent surge in online banking fraud and unauthorized Automated Clearing House (ACH) transfers has led to an astounding $100 million in attempted losses from small and midsize businesses so far this year, according to the FBI. SearchFinancialSecu... Interview | 30 Nov 2009
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Five mistakes banks make in pandemic planning
Experts cite five areas where financial institutions could improve their planning for a potential H1N1 outbreak Article | 13 Oct 2009
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Data breach lawsuit puts spotlight on bank's security measures
Couple victimized by a data security breach alleges their bank's online security lagged industry standards. Article | 08 Oct 2009
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Get ready for remote deposit capture risk management scrutiny
Industry experts expect federal banking examiners to pay more attention to how banks manage remote deposit capture risks Article | 05 Oct 2009
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Defendants in banking fraud scheme accused of exploiting regulation
Alleged bank-fraud ring stole more than $422,000 by claiming their ATM cards had been lost or stolen after draining their accounts. Article | 03 Aug 2009
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Swine flu: Pandemic planning wake-up call
It's unclear how big a threat the swine flu represents, but it serves as a reminder of how critical pandemic planning is, David Schneier says. News | 27 Apr 2009
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The truth about vendor management
There are a lot of misconceptions floating around in the industry about vendor management, David Schneier argues. In this blog post, he explains what's really required in vendor management. News | 13 Apr 2009
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FFIEC releases risk management guidance for remote deposit capture
The highly anticipated guidance is expected to help financial institutions understand and manage risks associated with RDC systems. Article | 19 Jan 2009
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New FFIEC exam procedures for remote deposit capture risks
Learn how to prepare for new exam procedures on managing remote deposit capture risks that are included in the updated FFIEC IT examination handbook for retail payment systems. Tip
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Multifactor authentication options to secure online banking
Banks are required to deploy multifactor authentication to secure online banking and meet FFIEC requirements. In this tip, Dave Shackleford describes some of the pros and cons associated with traditional forms of multifactor authentication as well as... Tip
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FTC Red Flags Rules: How to create an identity theft prevention plan
Under FTC's Red Flags Rules, all financial institutions and creditors with covered accounts are required to create an identity theft prevention plan. But who is a creditor and what is a covered account? Learn more in this expert tip. Tip
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Vendor audit and monitoring contractual rights
Federal regulations, state laws and industry standards all stress the need for financial institutions to audit and monitor third-party security as part of their vendor risk assessment. Consequently, third-party contracts must include vendor auditing ... Tip
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Vendor contract management: Regulatory guidance is risk-based
From federal guidance and industry standards to state laws, financial-services firms are subject to a variety of requirements for managing vendor information security risks by contract. Andrew M. Baer explains how the regulatory guidance is risk-base... Tip
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How AML compliance applies to remote deposit capture
Financial institutions rushing to deploy remote deposit capture (RDC) need to consider how the Bank Secrecy Act and anti-money laundering regulations apply to the technology. In this tip, Dan Fisher explains what measures institutions need to take to... Tip
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Book chapter: Remote deposit capture risks
Remote deposit capture isn't without its risks. In Chapter 6 of his book, "Capturing Your Customer! The New Technology of Remote Deposit," author Dan Fisher reviews RDC risks. Tip
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Understanding the FFIEC remote deposit capture guidance
Federal banking regulators recently released guidance for assessing and managing risks associated with remote deposit capture. In this tip, Dan Fisher explains the key components of the guidance, including its definition of RDC and how it emphasizes ... Tip
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Using the FFIEC Examination handbooks to produce a harmonized audit guide
In the final piece of our FFIEC series, compliance expert Dorian Cougias explains how a harmonized audit guide can save financial firms some headaches. Tip
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How the FFIEC's Information Security and Operations Handbooks complete each other
The FFIEC handbooks on Information Security and Operations are helpful resources for financial firms. However, compliance expert Dorian Cougias explains how they're even more powerful when used together. Tip
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Financial Crimes Enforcement Network (FinCEN)
Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN was established in 1990 to safeguard financial systems from abuse by promoting transparency in the U.S. and international financial syst... Word
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Bank Secrecy Act (BSA)
The Bank Secrecy Act (BSA), also known as the Currency and Foreign Transactions Reporting Act, is legislation passed by the United States Congress in 1970 that requires U.S. financial institutions to collaborate with the U.S. government in cases of s... Word
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Suspicious Activity Report (SAR)
A Suspicious Activity Report (SAR) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering or fraud. Word
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remote deposit capture (RDC)
Remote deposit capture (RDC) is a system that allows a customer to scan checks remotely and transmit the check images to a bank for deposit, usually via an encrypted Internet connection. When the bank receives a check image from the customer, it post... Word
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Class C2
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FFIEC compliance (Federal Financial Institutions Examination Council)
FFIEC compliance is conformance to a set of standards for online banking issued in October 2005 by the Federal Financial Institutions Examination Council (FFIEC)... (Continued) Word
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Podcast: What is FFIEC compliance?
In this WhatIs.com podcast, you'll learn about this attempt to modernize existing banking practices in the context of new online threats like phishing. To learn more about FFIEC compliance, Assistant Site Editor Alex Howard interviewed Patrick Audley... Word
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FFIEC guidance on RDC: Risk management basics
Remote deposit capture can create a lot of risk for financial institutions. In part two of this three-part series, Dan Fisher gives insight into RDC risk management basics. Video
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FFIEC guidance on RDC: Top five RDC mistakes
How do financial institutions slip up when it comes to remote deposit capture? In the final part of this three-part series, Dan Fisher discusses the top five RDC mistakes companies make, and how to avoid them. Video
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FFIEC guidance on RDC: Guidance overview
Working with remote deposit capture can leave some financial institutions vulnerable to fraud. In part one of this three-part series, Dan Fisher explains the FFIEC's guidance on how to handle RDC risk. Video
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Evolving authentication methods in the financial industry
Paul Smocer, vice president of security at BITS, discusses the challenges financial institutions face in authenticating their customers and the latest methods available. Video
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Industry reaction to FFIEC remote deposit capture guidance positive so far, says FDIC official
The FFIEC in January released guidance for managing risks associated with remote deposit capture systems. In this podcast, which is about 8 minutes long, Michael Jackson of the FDIC talks about the industry's reaction to the guidance and his sense of... Podcast
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New FFIEC exam procedures for remote deposit capture risks
Learn how to prepare for new exam procedures on managing remote deposit capture risks that are included in the updated FFIEC IT examination handbook for retail payment systems. Tip
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Aite Group: Take action now to manage remote deposit capture risks
Fraud losses involving RDC technology have the potential to skyrocket if banks don't work proactively to deal with the risks, research firm says. Article
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Regulators revisit authentication advice to thwart online banking fraud
t's been nearly five years since the Federal Financial Institutions Examination Council (FFIEC) issued its authentication guidance for online banking. Since then, cybercriminals have developed sophisticated malware that can circumvent multifactor aut... Interview
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Gartner's Avivah Litan on the online banking fraud surge
The recent surge in online banking fraud and unauthorized Automated Clearing House (ACH) transfers has led to an astounding $100 million in attempted losses from small and midsize businesses so far this year, according to the FBI. SearchFinancialSecu... Interview
-
Multifactor authentication options to secure online banking
Banks are required to deploy multifactor authentication to secure online banking and meet FFIEC requirements. In this tip, Dave Shackleford describes some of the pros and cons associated with traditional forms of multifactor authentication as well as... Tip
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Financial Crimes Enforcement Network (FinCEN)
Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN was established in 1990 to safeguard financial systems from abuse by promoting transparency in the U.S. and international financial syst... Word
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Bank Secrecy Act (BSA)
The Bank Secrecy Act (BSA), also known as the Currency and Foreign Transactions Reporting Act, is legislation passed by the United States Congress in 1970 that requires U.S. financial institutions to collaborate with the U.S. government in cases of s... Word
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Suspicious Activity Report (SAR)
A Suspicious Activity Report (SAR) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering or fraud. Word
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FTC Red Flags Rules: How to create an identity theft prevention plan
Under FTC's Red Flags Rules, all financial institutions and creditors with covered accounts are required to create an identity theft prevention plan. But who is a creditor and what is a covered account? Learn more in this expert tip. Tip
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Five mistakes banks make in pandemic planning
Experts cite five areas where financial institutions could improve their planning for a potential H1N1 outbreak Article
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About FFIEC compliance guidelines
Information on Federal Financial Institutions Examination Council (FFIEC) compliance guidelines, including two-factor and multifactor authentication, remote desktop capture (RDC) and online banking security.