Wire Fraud Indiana

Infosight Security Awareness

Wire fraud in Indiana is on the rise and you, as a business, need to do everything you can to protect your customers and their finances. With the growth of eBanking, your customers need to know that their vital information is well protected.

Today, there are a new form of criminals that have powerful tools to help them steal and lie, to get your customer's personal information. These cybercriminals use phishing emails, compromised legitimate websites, fake friend requests on social sites, and malware, with the sole intent of committing wire fraud in Indiana.

All they need to do is obtain the proper information, and they will simply transfer money out of your customer’s bank account, and into theirs. Small-to-medium-sized businesses are the perfect target for them, because these businesses often do not use dual controls on their accounts, nor have they adopted a strong information security posture to mitigate wire fraud in Indiana.

Your business needs to put in place a strong information security program to help prevent this wire fraud in Indiana. Unfortunately, many businesses believe, that as long as they comply with industry standards, ever-changing federal regulations, and state privacy laws, they are keeping their customer's vital data safe. This is not true. Businesses must have the right security in place, to fight off these cybercriminals.

In an effort to protect both consumers and businesses from wire fraud, the Federal Financial Institutions Examination Council (FFIEC) has implemented new security guidelines for financial institutions in January 2012. These guidelines describe the measures financial institutions should take to protect Internet banking customers from wire fraud and other forms of financial fraud. Three key components were addressed:

    1. Risk Assessments covering changes in threats, technology, and customer adoption of
      eBanking; transaction volume; actual incidents of security breaches, ID theft or wire
      fraud
    2. Layered Security and Anomaly Detection through Multi-Factor Authentication
    3. Customer Security Awareness and Education

InfoSight can assist you by providing:

    1. Your annual eBanking risk assessment
    2. A GAP analysis
    3. A restructuring of your entire risk management program
    4. A Security Review of your eBanking solution including online banking, MFA
      technologies and other associated eBanking products and applications
    5. Your Customer Security Awareness Program
      • Security Awareness “customer-ready” content for use as part of your consumer and
        commercial clients’ security awareness initiative.
      • Live webinar and onsite workshop education for your customers
      • Security Awareness Newsletter Production to reinforce your organization’s Security
        Program
      • Video “Quick Clips” for Website and e-Delivery
      • ISA Website Content
      • Polls and Surveys
      • Digital Banners for your website or ATMs
      • “On Hold” Telephone Messaging
      • Annual Progress Report to present to examiners

By implementing these sound business practices, financial institutions are able to safeguard their customers against wire fraud. These increased security procedures may help reduce the number of incidents, mitigating financial losses, business risks and reputational damage that can result from wire fraud attacks. Contact InfoSight to learn more.

Complementary Services
Vulnerability Assessment
Penetration Testing
Intrusion Detection and Prevention

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