Thieves attempt to steal close to $100 million in ACH fraud every year, and according to the FBI, the majority of the attempted fraud is on accounts from local community banks and credit unions. In ... Read More »
Data encryption is the use of computer programs to turn plain text into cipher text. In other words, encryption uses mathematical algorithms to turn regular words and numbers into secret codes based on ancient Egyptian ... Read More »
Recently, the media seems very focused on ransomware, and both businesses and financial institutions need to be aware of those risks, but in most cases, malware presents an even bigger threat than ransomware. There were ... Read More »
Banks spend a lot of time and money protecting themselves from data breaches and hacks, but if you run a financial institution, it's now time to add another threat to the list: data manipulation. Most ... Read More »
In the wake of the widely publicized Equifax data breach, more and more people are starting to think about data security. If you own, manage, or sit on the board of directors of a financial ... Read More »
Paperless banking is an area in which online services have shown dramatic improvements in efficiency, cost, and security. Yet many financial institutions have moved slowly into online banking and many customers have kept paper statements ... Read More »
Managing a financial institution is more challenging than ever with today’s advanced technology. New regulations put in place after the 2008 financial crisis, rapidly evolving technology, and the ever-present threat of cybercrime keep management busy ... Read More »
Every organization is potentially at risk for fraud. While fraud can be devastating for any company, the financial industry is particularly at risk when things go wrong. The recent Equifax data breach is a prime ... Read More »
Mobile devices are quickly becoming the technology of choice for users’ online needs, including web browsing, shopping and even banking. In fact, BGR, a leading online publisher of news and commentary in the mobile and ... Read More »
Fraudulent checks can pose a significant threat to banks and financial institutions. If they’re cashed unknowingly, the institution could be held responsible for the funds. It’s important for financial institutions to proactively verify all checks ... Read More »