NICE Actimize, a provider of single financial crime, risk and compliance software for the financial services industry, recently announced that its Remote Banking Fraud solution is successfully enabling Malaysia's CIMB Bank to reduce fraud losses.
Remember when you went to the bank with your father to set up that first savings account? Back then, things were pretty simple. You walked in the front door, filled out a paper and voilà, you had your own savings account.
- By Ralph C. Jensen
- Jul 01, 2011
Stanley Black & Decker recently announced that it has made an offer to acquire all of the outstanding common stock and warrants of Niscayah, a commercial security and monitoring company specializing in electronic security services and solutions based in Stockholm, Sweden, for SEK18.00 per share in cash.
The Georgia Center, a conference center and hotel on the campus of the University of Georgia (UGA), is working with Merchant Link, a cloud-based payment gateway and data security solutions provider, to install the company's TransactionShield point-to-point encryption solution ensuring customer data is secure from the moment their credit card is swiped.
U.S. Unisys Security Index finds concern rises to highest levels ever following WikiLeaks incident, new unrest in the Middle East and national and financial security threats.
In the aftermath of the financial crisis, the retail banking sector has found itself face-to-face with negative publicity and a loss in consumer confidence. However, as a new era dawns, renewed thinking is expected to take form -- both in how financial institutions diversify their detection and prevention approaches to securing people, property and assets, and through a renewed focus on customer retention and loyalty.
- By Debjit Das
- Apr 18, 2011
SafeNet’s trusted authentication solutions allow organizations to create and protect sensitive information in a secured environment, leveraging SafeNet’s programmable tokens and hardware security modules for comprehensive protection.
Visa IntelliLink Compliance Management converts commercial card transaction data into information that card program managers at government agencies and private sector enterprises can use to minimize and deter commercial card misuse, such as using cards for personal expenses.
The FBI recently released bank crime statistics for calendar year 2010. Between January 1, 2010 and December 31, 2010, there were 5,546 robberies, 74 burglaries, eight larcenies, and 13 extortions of financial institutions reported to law enforcement. The total 5,628 reported violations represent a decrease from 2009.
ATMIA Europe announced that Oberthur Cash Protection has become the first regional sponsor of the global non-profit trade association, which has more than 2,000 members in 50 countries.
Nearly two-thirds of merchant computer systems store unencrypted payment card data in violation of the Payment Card Industry Data Security Standard (PCI DSS), according to scans of more than 475 merchant networks of all sizes by SecurityMetrics.
Located within ADT’s flagship customer monitoring center, the 6,500-square-foot ISC has three vertical market showrooms.
This sheet material provides an end-of-life solution in addition to the durability, printability and built-in security inherent to the standard Teslin product.
CyberSource, a Visa company, announced availability of the world's largest real-time fraud detection radar, which helps online merchants to pinpoint fraud faster, more accurately and with less manual intervention.
The partnership aims to deliver solutions that will meet the strong global demand for NFC-based services.
Galileo Processing Inc. has announced a new suite of solutions that enable payment card-issuing banks and payment card program managers to leverage the power of cloud computing while ensuring they meet required levels of security, performance, availability and regulatory compliance.
Cachet Financial Solutions has unveiled its CheckReview, which helps financial institutions better identify potential check fraud in remote deposit situations.
March Networks recently announced that Rochester, N.Y.-based ESL Federal Credit Union has standardized on the company’s Financial Solution to secure its corporate headquarters, retail banking branches and standalone ATMs.
For many years now, the promise of biometrics has not been fully realized. This is, in large part, because performance in the lab is not representative of performance in the field. That’s the reason major programs for Citizen ID and others have never really been fulfilled.
- By Phil Scarfo
- Mar 01, 2011
In the autumn of 2009, there was a very special “guest” at the National Museum in Copenhagen. Naturally, security was a top priority for the museum, but it was especially important for the world’s largest gold coin, which weighed 220 pounds and had a value of $2.9 million to $3.2 million.
- By Courtney Pedersen
- Mar 01, 2011