EBanking Fraud North Carolina

EBanking fraud in North Carolina has become one of the fastest growing crimes today. This is due to the fact that so many of your customers are choosing electronic banking over traditional banking practices. If your business is not properly protected, you can be exposing your business and your customers to such fraud.

Cybercriminals have found ways to steal your customer's money. They have various forms of collecting your customer's private information that include; phishing emails, compromised legitimate websites, fake friend requests on social sites, and malware. They use these tools to commit eBanking fraud in North Carolina.

As soon as they have this information, the sky is the limit as to how they can take your customer's money and identity, and make themselves a small fortune. They actually prefer to target small-to-medium-sized businesses, because these businesses often do not use dual controls on their accounts, nor have they adopted a strong information security posture to mitigate eBanking fraud.

Your business' only line of defense against eBanking fraud in North Carolina, is to make sure you have established a strong information security posture, to avoid this type of fraud from happening to your business and your customers. Not only must you be compliant with industry standards, ever-changing federal regulations and state privacy laws, but you also need the right security programs and safety measures, to protect your customers from eBanking fraud in North Carolina.

In an effort to protect both consumers and businesses from eBanking 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 eBanking 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 eBanking 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 eBanking fraud. These increased security procedures may help reduce the number of incidents, mitigating financial losses, business risks and reputational damage that can result from eBanking fraud attacks. Contact InfoSight to learn more.

Complementary Services
Vulnerability Assessment
Penetration Testing
Intrusion Detection and Prevention