One financial institution going down will not pull the whole of the banking industry under with it, not if the public has confidence that the others are sound. Michael Foot, the managing director of the Financial Services Authority (FSA...
The financial institution added that education will continue to be an essential component in fraud prevention for both staff and customers. It comes as the financial institution moves to integrate the National Bank of New Zealand (NBNZ), acquired...
Adding tracking chips to banking brochures and burying RFID sensors within the walls of the branch itself would allow banks to identify which customers are interested in mortgages and enable the bank to target screen advertising accordingly when a...
On the issue of monitoring, Young added: "Consumers seem to feel comfortable with the notion of their financial institution monitoring their online activity and contacting them when something suspicious is detected, just as they have become...
RSA's security products for the web are used by 35 of the top 100 US financial institutions and some large banks in Europe, the company said. Christopher Young, an RSA vice president, said in the statement: "As we are strengthening security for the...
The survey for May showed, while the number of phishing attacks is on the increase, the number of institutions being targeted has decreased, indicating fraudsters are concentrating their efforts on particular banking brands.
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