Financial institutions are not investing in security and fraud-prevention tools that today’s electronic-transaction environment demands. The biggest threats are going to continue to be the cyberthreats and those types of techniques that get around current authentication procedures, says George Tubin. Tubin is a senior research director for TowerGroup’s Delivery Channels and Financial Information Security research services. As the survey’s results reveal, banking institutions continue to rely on outdated technology that exposes them to serious security threats, Tubin says.”]
Source: https://www.careersinfosecurity.com/handbooks/faces-fraud-2011-h-27