Matt Gunn, Managing Editor | TechComply
Hope everyone had a happy and safe Fourth of July! Even though it’s been a holiday-shortened week, there’s still been plenty of interesting news these past several days that has been worth reading. Here are a few highlights:
With so much concern over fraud and stolen identities, many customers now expect their banks to get actively involved in mining data and preventing fraud. However, Bank Systems & Technology points out, as many as a third of customers don’t feel like their bank is doing enough.
Bank Technology News: The Cost of Online Banking Fraud… for the Perpetrator
We often hear stories about the cost of fradulent activity for customers and for financial institutions. But what about the people who perpetrate these thefts? Bank Technology News explores the price bad guys pay for the opportunity to hack unsuspecting victims’ networks and accounts.
Cybersecurity has been a hot topic among financial institutions and industry analysts for several years. Now one of the big regulatory agencies has come around to the threat. The Office of the Comptroller of the Currency has identified cyber threats as a growing area of concern in its semiannual risk report, writes BankInfoSecurity. And these threats are evolving at a rapid pace.
InformationWeek: Microsoft Ends TechNet Subscriptions
An old friend to IT professionals everywhere, Microsoft’s TechNet Subscriptions service will soon be riding off into the sunset, reports InformationWeek. Microsoft announced it will stop selling TechNet Subscriptions at the end of August, and that the service will cease to exist as of Sept. 30, 2014.
Safe Systems’ own Zach Duke, executive v.p. of business development, contributed this piece focusing on vendor management to the ABA Banking Journal. In it he shares advice on risk-rating vendors, why it’s important to verify independent audits are taking place, the importance on disaster recovery testing and more.