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How to Protect Your Financial Institution From Fraud on Open Banking Applications
Open banking is quickly changing the landscape of retail banking and lending. Open banking presents a host of advantages for your financial institution and your customers. It also brings a new set of cybersecurity challenges ... Read More »
What Can a Cyber Security Breach Cost?
In the United States, businesses incurred average costs of $8.19 million per data breach in 2018. On average, businesses lose $150 per record - the average breach includes over 25,000 records. Financial institutions in particular ... Read More »
The Importance of Solid Cyber Security for Financial Institutions
Financial firms in the United States face a staggering 1 billion cyber-attacks every year. This is 250 times more attacks than the average business. If you run a financial institution, you need a solid cyber ... Read More »
How to Assess the Health of Your Bank’s Cyber Security Efforts
When you're running a financial institution, your cyber security efforts are critical to your productivity levels, reputation, and bottom line. But how do you know if you're doing enough to protect your bank from cyber ... Read More »
Are Your Financial Institution’s Emails Safe from Hackers?
If a hacker accesses your financial institution’s emails, they may steal private information. They may send fraudulent emails to customers or members of your organization to gain valuable data. They may also wreak havoc in ... Read More »
5 Essential Cyber Security Tools for Banks
Banks and other financial institutions face more cybercrime than businesses in any other industry. To protect your bank from cybercrime, you need proactive cyber security tools and technologies. They can help you detect and respond ... Read More »
How to Protect Your ATM From Skimmers
A skimmer is a device that can be placed over the card reader, and is most commonly utilized on an ATM. The device "skims" the information from cards put into the reader, and it sends ... Read More »
How to Protect Your Bank from Credit Card Application Fraud
Scam artists don't just steal credit cards or take over accounts. They also steal people's identities and apply for credit cards or loans in their names. Once the thief obtains the new credit card, they ... Read More »
How Your Debit Card PIN Prevents Card Fraud
Personal Identification Numbers (PINs) help to reduce fraud with Automatic Teller Machine (ATM) and debit cards — and even with credit cards, to a certain extent. Usually, when you issue these types of cards to ... Read More »
Credit and Debit Card Fraud Penalties
What happens if someone commits debit or credit card fraud? What are the penalties for card fraud? People who commit credit or debit card fraud can face jail time and fines, but the exact penalties ... Read More »
