Banks face pressure to take action against identity theft

Tuesday, 16 November 2004, 12:11 AM EST

Mounting concerns over stolen identities are prompting banks to review account-access policies and implement sophisticated fraud-detection systems. Banks have unleashed a panoply of technology against the problem, such as pattern-recognition software to flag suspicious transactions or new accounts. They're also requiring customers at times to verify online credit-card purchases with IDs and passwords, equipping customers with anti-spam software to thwart phishing, and setting up shared databases for reporting and exchanging information about ID crimes.

By Steven Marlin at InformationWeek.

[ Read more ]

Related items




Spotlight

Staples customers likely the latest victims of credit card breach

Posted on 21 October 2014.  |  Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. office supply locations in the Northeastern United States are currently dealing with a data breach.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Wed, Oct 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //