U.S. banking institutions have money to spend, but do they know where best to invest it? 58% of respondents expect an increase in fraud resources in the coming year. Only 11% have come into conformance to the FFIEC Authentication Guidance since the update was issued. Only 12% foresee a significant reduction in online fraud as a result of the guidance; 29% don’t fully understand the guidance’s expectations; just 12% anticipate a reduction of online fraud. Download this report to learn more about: 2012’s top fraud threats;How banking institutions plan to counter these threats;”]
Source: https://www.healthcareinfosecurity.com/handbooks/faces-fraud-complying-ffiec-guidance-h-36