{"id":4607,"date":"2013-07-16T20:26:00","date_gmt":"2013-07-16T20:26:00","guid":{"rendered":"https:\/\/evssolutions.com\/security-strategy-essential-for-reducing-fraud\/"},"modified":"2013-07-16T20:26:00","modified_gmt":"2013-07-16T20:26:00","slug":"security-strategy-essential-for-reducing-fraud","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/security-strategy-essential-for-reducing-fraud\/","title":{"rendered":"Security Strategy Essential for Reducing Fraud"},"content":{"rendered":"

About two years ago, the federal banking regulators updated
\nthe guidelines around online-banking to help enhance and improve
\nauthentication. The FFIEC
\nguidelines<\/a> seemed to a hot topic over the past two years and now experts
\nare evaluating if the updates have actually done what they were implemented for
\n preventing
\nfraud<\/a>. And while they may have helped in some instances to detect account
\ntakeover sooner, some experts argue that the updates have not actually
\ndecreased losses from these incidents. Many banks have invested in other
\ntechnology and mechanisms to become compliant with these guidelines and have
\nfound that while detection has improved, prevention has not. One of the reasons for why detection may have
\nimproved but true prevention has not, is due to new malware being developed
\neveryday.<\/p>\n

<\/p>\n

Online security experts are now advising banks<\/a>
\nto focus more on an integrated fraud prevention solution as opposed to the new
\nguidelines. While this doesnt discredit the updates, it puts more of the
\nresponsibility back on the banks themselves. Relying solely on one solution or
\nservice to provide a full fraud prevention solution is neither realistic nor
\neffective. Preventing online fraud takes a fully integrated strategy from the
\ncompany itself and any of their security providers. Partnering with a third party
\nfraud prevention provider<\/a> that views their clients as partners as opposed
\nto just customers will help to ensure that your solution is catered to your
\ncompany.<\/p>\n

One of the reasons why preventing online fraud is so
\ndifficult is because no two companies need the same solutions and tactics.
\nConstantly reevaluating your companys security needs will help to ensure your
\nstrategy is strong and relevant.<\/p>\n<\/p>\n<\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

About two years ago, the federal banking regulators updated the guidelines around online banking to help enhance and improve authentication. The FFIEC guidelines seemed to a hot topic over the past two years and now experts are evaluating if the<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41,37],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4607"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4607"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4607\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}