{"id":4730,"date":"2012-03-08T21:19:00","date_gmt":"2012-03-08T21:19:00","guid":{"rendered":"https:\/\/evssolutions.com\/ach-fraud-increases-online-fraud-prevention-in-texas\/"},"modified":"2012-03-08T21:19:00","modified_gmt":"2012-03-08T21:19:00","slug":"ach-fraud-increases-online-fraud-prevention-in-texas","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/ach-fraud-increases-online-fraud-prevention-in-texas\/","title":{"rendered":"ACH Fraud Increases Online Fraud Prevention in Texas"},"content":{"rendered":"

Online security has increasingly become one the biggest
\nthreats across all industries especially with financial institutions. Every day
\nmore banks are entering the online space in order to keep up with ever changing
\nindustry. In recent news, the state of Texas has undergone serious measures to
\ndecrease the amount of ACH and wire fraud<\/a> in 2012. The Texas Department of Banking, in partnership with a
\nnumber of local and federal organizations, has pledged to make online security
\na priority in the coming year. Even with the issuance of the FFIEC Authentication Guidance<\/a>, small and local banks are still having issues defending against online attacks.<\/p>\n

Texas may have been one the first states to show significant
\nstatistics on ACH fraud, but that does not mean this issue is exclusive to
\nTexas. Community financial institutions all over the country and dealing with
\nissues in banking fraud<\/a> but Texas has taken the extra steps to implement more specific
\nguidelines to fight back. This plan is designed integrate all industry risks
\nassociated with electronic crimes by putting an emphasis on sharing
\ninformation.<\/p>\n

Sharing information may seem like a contradicting way to
\ntighten security but the fact of the matter is, collaboration can go a long
\nway. If bankers are able to understand their security measures from a holistic
\nmanner, they may be able to see the breaks in the system more clearly. By
\nunderstanding the whole picture, institutions can better implement practices
\nsuch as ID verification<\/a> and authentication into these gaps to better protect
\nthemselves from online fraud.<\/p>\n

[Contributed by, EVS marketing]<\/p>\n<\/p>\n

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

Online security has increasingly become one the biggest threats across all industries especially with financial institutions. Every day more banks are entering the online space in order to keep up with ever changing industry. In recent news, the state of<\/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":[38,37],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4730"}],"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=4730"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4730\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}