Only one quarter of retail banks have adopted an integrated approach to financial crime systems

Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading the pack, according to a survey by Ovum, on behalf of FICO. Responses show tha… Continue reading Only one quarter of retail banks have adopted an integrated approach to financial crime systems

Banks continue to prioritize risk management over customer convenience

Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are transactions completed when neither the card nor the cardholder is physically present (… Continue reading Banks continue to prioritize risk management over customer convenience

Cybersecurity Hygiene: Not a Dirty Little Secret for Long

In October 2018, FICO (a consumer credit scoring specialist) began scoring the cybersecurity of companies based upon a scan of internet facing vulnerabilities. FICO grades companies using the same scoring that is familiar with consumer credit. These me… Continue reading Cybersecurity Hygiene: Not a Dirty Little Secret for Long

Scanning for Flaws, Scoring for Security

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? Fair… Continue reading Scanning for Flaws, Scoring for Security