Wire Fraud Tampa

Infosight Security Awareness

With more customers choosing eBanking services, they are opening themselves to cyber thieves who can get hold of their hard earned money. One way cyber thieves do this, is with wire fraud in Tampa.

These cybercriminals use an array of techniques to infiltrate your customer's accounts. They compromise bank accounts through the use of: phishing emails, compromised legitimate websites, fake friend requests on social sites, and malware, thereby obtaining your customers’ bank logon credentials. Once they have this information, they easily create a transfer and wire fraud in Tampa has been committed.

These cybercriminals often 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 wire fraud in Tampa.

Your business must make sure it has a strong information security posture in place. Being compliant with industry standards, ever-changing federal regulations, and state privacy laws, is definitely not enough to keep vital data safe. You must make sure that your business has the right security systems in place.

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
    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
      • 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