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