{"id":4734,"date":"2012-02-22T17:59:00","date_gmt":"2012-02-22T17:59:00","guid":{"rendered":"https:\/\/evssolutions.com\/new-fraud-threats-require-new-protection\/"},"modified":"2012-02-22T17:59:00","modified_gmt":"2012-02-22T17:59:00","slug":"new-fraud-threats-require-new-protection","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/new-fraud-threats-require-new-protection\/","title":{"rendered":"New Fraud Threats Require New Protection"},"content":{"rendered":"

Technology is constantly evolving which sparks consumer
\nbehavior to adjust accordingly. <\/span>The newest trend in banking<\/a>
\nand payment processing<\/a> is mobile banking. This may mean greater convenience for
\nconsumer and business account holders but it also creates a new threat in fraud
\nprevention. Consumers are now entering in their personal information into their
\nmobile phones in order to bank on-the-go. Customer information has the
\npotential to be stored on their phone or go unprotected due to processing
\nthrough a different platform. As Julie McNelley of the Aite Group estimated,
\naround 44 million consumers will be using some means of mobile banking<\/a>.<\/p>\n

<\/p>\n

So what does this mean for changing your security measures?
\nAs mentioned in Cross-Checking Fraud Prevention for FFIEC Compliance<\/a> the biggest concern is making sure
\nsecurity measures are implemented along all channels. This also involves
\nmonitoring any fraud prevention<\/a> means that link online to mobile banking. Another important step
\nis analyzing and preparing for all risks in offering mobile services before
\nlaunching any type of platform. After surveying 24 global financial executives,
\n75% of them agree that mobile poses fraud risks. Mobile banking opens the
\nopportunity for solely mobile and cross channel fraud.<\/p>\n

Many mobile platforms are connected to online security and
\ntherefore, this is where many companies are starting. It is important to ensure
\nthat your online security strategy<\/a> is implemented and most importantly, complete. Many
\nbusinesses believe that ID verification will solve all the problems involving
\nonline fraud. This is a great starting point, but not the whole story. ID authentication<\/a> is the key to making sure the information is coming from the
\ntrue identity. Mobile banking also relies heavily on real time fraud prevention
\nin order to deliver timely access to accounts. If you need more information in
\nID authentication or real-time transactions, contact EVS<\/a>
\ntoday.<\/p>\n

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

Technology is constantly evolving which sparks consumer behavior to adjust accordingly. The newest trend in banking and payment processing is mobile banking. This may mean greater convenience for consumer and business account holders but it also creates a new threat<\/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":[34],"tags":[],"class_list":["post-4734","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4734","targetHints":{"allow":["GET"]}}],"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=4734"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4734\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}