As small businesses apply for loan forgiveness under the Paycheck Protection Program, and banks who made the loans on behalf of the Small Business Association investigate whether any were fraudulently obtained, fraud-detection technologies will play a critical role, says Frank Mckenna of Point Predictive.
According to analysts, adaptive authentication is at the top of the list of authentication investments for banks - and for good reason.
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An identity and access management strategy for a hybrid cloud environment should include single sign-on as well as multifactor authentication, says Andrew Koh, deputy general manager and regional lead-Risk at Habib Bank Ltd. in Singapore.
The financial services industry has unique challenges that often prevent it from achieving its strategic goals. The keys to solving these issues are hidden in machine data - the largest category of big data - which is both untapped and full of potential.
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How organizations...
60% of organizations were exposed to actual or attempted fraud loss last year. As fraud and risk increases year over year, the amount of data being collected increases as well; looking into this data could provide a wealth of knowledge in supporting your payments risk management efforts.
Leveraging data from...
Card breaches at retailers such as Target and Neiman Marcus will likely be catalysts for improved cyberthreat intelligence and information sharing across the banking and retail sectors, says Mike Braatz of ACI.
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