Early Warning Blog

A Perfect Storm of Identity Fraud is On the Horizon

Posted by Julie Conroy, Aite Group on May 23, 2016

New account acquisition is an increasingly challenging proposition for financial institutions (FIs) of all sizes. Opportunities for new account fraud are further exacerbated by the growing number of digital-native millennials, or consumers that prefer to conduct commerce in the online and mobile channels. Additionally, Dodd-Frank dramatically changed the economics of retail banking in the United States, while the Consumer Financial Protection Bureau (CFPB) is intensely scrutinizing new account risk assessment practices, pushing FIs toward greater financial inclusion.

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Topics: Authentication, Identity

InfoSec Takeaways from the 2016 RSA Conference

Posted by Alan Dundas on Mar 29, 2016

The RSA Conference is one of the largest information security events in the world. 2016 marked the 25th annual RSA conference at the Moscone Center in San Francisco. More than 40,000 InfoSec industry leaders and professionals attended to discuss topics like artificial intelligence and machine learning, privacy, encryption, the Internet of Things, industrial control systems, crowdsourcing, authentication and other industry hot topics.   

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Topics: Authentication

Simplify and Unify the Management of Identity Risk for Payments Today and Tomorrow

Posted by Peter Tapling on Oct 20, 2015

As consumers, we’re using our mobile devices for more payment transactions than ever before. Whether paying with a digital wallet or via an app, it’s becoming more routine to pay for our groceries with a touch of a finger, shop and pay for gifts online, open a new financial account, transfer funds, and pay both our bills and our friends with an ease previous generations couldn’t have imagined.

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Topics: Authentication

Carrier Data Can Help Mitigate Risk for the Mobile Channel

Posted by David Barnhardt on Jun 25, 2014

A recent survey by remotedepositcapture.com revealed that 90 percent of FIs say the benefits of mobile banking far outweigh any risks. This corroborates findings included in the 2013 American Bankers Association Deposit Account Fraud Survey Report that determined 92 percent of FIs attribute no losses whatsoever to remote deposit fraud. However, in that same study, fraud-management executives were asked to identify perceived vulnerabilities and mobile banking topped the list.

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Topics: Authentication