Safety & Soundness articles

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How your bank can fight first-party fraud

How your bank can fight first-party fraud

First-party fraud puts banks in the tough position of deciding which account applicants are synthetic and which are real. But experts agree that there are ways to can use technology and collaboration to mitigate this growing type of fraud. By Colleen Morrison It’s a crime that can take months or even years to pull off. […]

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Put your finger on biometrics compliance

Today’s community banks have a full suite of resources to keep their customers and their information secure, including biometric authentication. But in the past decade, states have been eyeing new laws to regulate the use of this growing cybersecurity technology. By Mary Thorson Wright The federal Gramm-Leach-Bliley Act (GLBA) requires financial institutions to protect the […]

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How to defend your bank from ransomware

Cybercriminals are taking advantage of ransomware’s low barrier of entry to compromise data and networks from banks, service providers and even customers. But experts say community banks can protect themselves with education, data management and security procedures. By Karen Epper Hoffman Cybercrime often mirrors crime in the physical world, and nowhere is this more apparent […]

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