Email Alerts
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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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Fraud against business banking accounts leads customers to switch banks
Business banking survey shows customer trust is easily broken after online banking fraud Article | 09 Mar 2010
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Check fraud scams: Old problem that isn't going away
Despite the decline in checks, check fraud remains a big problem for banks and experts say the evolution of checks has made it difficult for legacy systems to keep up. Article | 16 Dec 2009
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NACHA offers tips for financial institutions to combat ACH fraud
Organizations that oversee the ACH network says banks should deploy multi-factor authentication and take other steps to curb the increase in fraudulent transfers. Article | 11 Dec 2009
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FDIC: Educate business customers about the need for security
Criminals are targeting banks' business customers and stealing their online credentials to make fraudulent wire and ACH transfers, agency says. Article | 02 Sep 2009
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Financial institutions reported more suspected fraud in 2008
FinCEN report shows the number of Suspicious Activity Report filings related to mortgage fraud and other types of fraud increased last year. However, experts say banks are cutting back on AML compliance programs this year. Article | 07 Jul 2009
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Controls monitoring helps with governance, risk and compliance
Gartner says continuous controls monitoring for transactions is a GRC technology that promises to reduce compliance costs and improve financial governance. Article | 21 May 2009
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Diebold ATMs in Russia targeted with malware
Company issued a security update after criminals attacked its Windows-based ATMs in Russia and installed malware. Article | 18 Mar 2009
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IBM USB banking device stops keyloggers, malware
A new USB stick, developed by IBM researchers, sets up a secure banking connection bypassing computer software and drivers. Article | 29 Oct 2008
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Community banks to increase security spending, survey finds
Smaller banks place a priority on protecting customer data and plan to spend more on security technology, according to a new survey. Article | 27 Oct 2008
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Evaluating tools for online bank security
Criminals are hijacking online bank accounts with sophisticated bank Trojans but a variety of technologies promise online bank security. In this tip, Dave Shackleford examines the pros and cons of tools designed to thwart online banking fraud. Tip
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Identity management for financial firms in turbulent times 2
Tough times and ongoing challenges in the financial services industry have led many organizations to step up their identity management efforts. In this tip, Mark Diodati explains how financial firms are using authentication and provisioning tools to ... Tip
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How to communicate the value of security controls for online transactions
Selling security to financial business managers always seems like a losing battle. A better approach is to draw analogies to the physical world to convey the importance of encryption and other security controls for online transactions. Tip
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Mobile payment adoption risks
As mobile banking grows in popularity, financial institutions need to weigh the adoption risks to determine whether it's a product they want to offer. Rick Lawhorn lays out the top three risk factors and what your company should do to help overcome t... Tip
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Protecting third party processes on all levels
Financial firms have numerous third party partnerships, but these partnerships come with security risks. Compliance expert Richard Mackey explains how to assess the risk and ensure your partnerships are secure. Tip
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Case study: How outsourcing services enable PCI DSS compliance
When PCI compliance gets overwhelming, why not hand some of the responsibility off to someone else? That's just what ACME Bank did when it began an online expense management initiative. Qualified Security Assessor Spyro Malspinas recounts his consul... Tip
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How enterprises can prepare for Project Blitzkrieg-style DDoS attacks
Expert Nick Lewis offers security measures that enterprises, particularly financials, can utilize to fend off Project Blitzkrieg-style DDoS attacks. Answer
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How to ensure the security of financial transactions online
Financial transactions are some of the most high-risk activities performed online. Expert Nick Lewis gives advice to financial firms on how they can prevent online transaction fraud. Answer
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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... Definition
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RASHport (Routing and Special Handling)
RASHport, also called RASH (Routing and Special Handling), is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities Dealers Automated Quotations) to conduct business in the options market... (Contin... Definition
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OUCH protocol
OUCH is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities Dealers Automated Quotations) to conduct business in the options market... (Continued) Definition
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FIX protocol (Financial Information Exchange protocol)
The Financial Information Exchange (FIX) protocol is an open specification intended to streamline electronic communications in the financial securities industry... (Continued) Definition
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QIX (NASDAQ Information Exchange protocol)
QIX (NASDAQ Information Exchange protocol) is a proprietary specification intended to streamline automated trading in the financial industry... (Continued) Definition
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Secure Electronic Transaction (SET)
Secure Electronic Transaction (SET) is a system for ensuring the security of financial transactions on the Internet. Definition
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SAML (Security Assertion Markup Language)
SAML (Security Assertion Markup Language) is an Extensible Markup Language (XML) standard that allows a user to log on once for affiliated but separate Web sites. Definition
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DROP (delivery of real-time execution information protocol)
DROP (delivery of real-time execution information protocol) is a feature of various NASDAQ (National Association of Securities Dealers Automated Quotations) protocols that allows a subscriber to continuously view vital information about trades includ... Definition
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CTCI (Computer-to-computer interface)
Computer-to-computer interface (CTCI) is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities Dealers Automated Quotations) to conduct business in the options market... (Continued) Definition
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OTTO protocol (OUCH To Trade Options)
OTTO (OUCH To Trade Options) is a digital communications protocol that allows customers of the NASDAQ (National Association of Securities Dealers Automated Quotations) to conduct business in the options market... (Continued) Definition
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How enterprises can prepare for Project Blitzkrieg-style DDoS attacks
Expert Nick Lewis offers security measures that enterprises, particularly financials, can utilize to fend off Project Blitzkrieg-style DDoS attacks. Answer
-
How to ensure the security of financial transactions online
Financial transactions are some of the most high-risk activities performed online. Expert Nick Lewis gives advice to financial firms on how they can prevent online transaction fraud. Answer
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Evaluating tools for online bank security
Criminals are hijacking online bank accounts with sophisticated bank Trojans but a variety of technologies promise online bank security. In this tip, Dave Shackleford examines the pros and cons of tools designed to thwart online banking fraud. Tip
-
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
-
Fraud against business banking accounts leads customers to switch banks
Business banking survey shows customer trust is easily broken after online banking fraud Article
-
Check fraud scams: Old problem that isn't going away
Despite the decline in checks, check fraud remains a big problem for banks and experts say the evolution of checks has made it difficult for legacy systems to keep up. Article
-
NACHA offers tips for financial institutions to combat ACH fraud
Organizations that oversee the ACH network says banks should deploy multi-factor authentication and take other steps to curb the increase in fraudulent transfers. Article
-
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... Definition
-
FDIC: Educate business customers about the need for security
Criminals are targeting banks' business customers and stealing their online credentials to make fraudulent wire and ACH transfers, agency says. Article
-
Financial institutions reported more suspected fraud in 2008
FinCEN report shows the number of Suspicious Activity Report filings related to mortgage fraud and other types of fraud increased last year. However, experts say banks are cutting back on AML compliance programs this year. Article
- See more All on Financial transaction protocols and security
About Financial transaction protocols and security
Find information on integrating security with common financial transaction protocols like FIX, QIX, OUCH, OTTO, RASHport, DROP, CTCI, ITCH or SAML, as well as financial transaction management.