As online financial threats evolve, from low-tech phishing attacks to sophisticated banker Trojans and Points-of-Sale (POS)-skimming malware, so do authentication measures that are geared toward reducing fraud and decreasing potential monetary losses to consumers and financial institutions alike.
Securing consumers financial information and transactions nowadays involves backend protection of databases and payment processing systems, which may reside within merchant/banks¹ four walls, or as hosted servers outside an entity¹s establishment. No less important are security measures employed by financial institutions to protect the Œfront-end¹ of financial transactions, where the consumer interfaces with merchants and bank services, including POS at brick-and-mortar merchants, merchant websites, and the bank¹s web services portal.
Addressing external, web-borne threats nowadays requires in-depth understanding of the cybercrime landscape and source of intelligence able to provide meaningful insight into the risk faced by each organization.
