Fraud is on the rise as the volume of security threats in online and mobile channels is growing exponentially. In 2012, fraudsters managed to steal $21B, of which $4.9B involved the takeover of consumer accounts. While there is evidence that bank losses from account takeovers among corporations are on the decline as security features of treasury management e-banking platforms have evolved, banks must remain vigilant. Biometrics solutions are a promising authentication approach, but what type of deployment is each solution best suited for? As Bring Your Own Device (BYOD) becomes increasingly popular, the risks to corporate accounts grow – the security vulnerabilities of these devices expose employers to potential intrusions, data exfiltration, and fraud.

Join Al Pascual and Marc Harrison as they explore the types of controls that financial institutions, regulatory agencies and merchants can use to mitigate these growing security risks. This webinar will highlight a rapidly evolving arena of growing fraud threats, including mobile: anywhere, anytime devices that are forging the new frontier of fraud.

This webinar will address:

  • What are the regulatory expectations, expressed within the 2011 FFIEC supplemental guidance, as they apply to authentication?
  • How can an FI implement a secure authentication solution that satisfies consumers, risk/compliance officers within corporations and regulators?
  • Which “best of breed” features in security, user controls and authentication match with specific consumer and corporate banking interactions?
  • What are the privacy and legal concerns surrounding implementing security controls in both retail and wholesale contexts?
  • What can financial institutions, card issuers, mobile wallet providers, merchants, and users do to protect personal and payment information on the mobile device?