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A Word for the Authentication Stragglers
Cory Levine, Wall Street & Technology
In just a few short weeks, stronger user authentication should be in place for the online financial services industry, or so the Federal Financial Institutions Examination Council (FFIEC) is hoping. According to research from Aite Group, the retail brokerage community should be ready for the FFIEC's
Vanguard Signs On for Knowledge Based Authentication
Mutual fund giant Vanguard has implemented the Knowledge Based Authentication (KBA) platform from Verid to reduce fraud risk. The firm will use KBA as part of the account opening process in the online and phone channels with certain types of accounts.
U.K. Law Enforcement Impotent to Fraud
Cory Levine, Wall Street & Technology
A report from U.K. newspaper The Guardian reveals that financial institutions in the country are purposefully choosing not to report instances of online fraud and financial crime because they don't want to risk public exposure by law enforcement bodies that can do little or nothing about the crime - this from the mouth of a Metropolitan Police Detective Russell Day!
Discover Or Else: New Rules On Electronic Evidence
As of Dec. 1, companies and their IT departments must produce more kinds of information earlier in the litigation process--and if they can't, they'd better be ready to explain the reason
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