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News arrow Articles arrow Issue 4 - April 2008
Bankwide Articles: January 2008 - Volume One - Issue One - The War on Cybercrime
Bank Management
State of Security 2007
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The War Drags On – Costly, Consuming, and No End In Sight.


Headlines sent shockwaves of paranoia and all hope seems lost.  2007 was the worst year in history.  Scared? Apparently not scared enough!  Bankwide.com takes a look at the year in data security, and it’s appalling.  The State of Security report says it all.

2007 featured headlines from two wars: a real world war in Iraq, and a virtual war in cyberspace.  This year governments set out to
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Bank Security
A Letter From Hackers: Thanks for Multifactor Authentication

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The FFIEC requirement for Multifactor Authentication was designed to make online banking more secure, one analyst says it's making things worse.

At DefCon (an annual gathering of security professionals and hackers) security researcher Brendan O'Connor presented several scenarios in which online banking security has gotten worse.  As of last year banks were required to comply with the FFIEC guidelines to provide multi-factor authentication.


Designed to help combat p

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Banking Articles
Bank Management
The 2015 Banking Paradox Approaches - Is your bank ready?
Three years ago IBM wrote a study entitled "The paradox of Banking 2015: Achieving more by doing less" (complete article).  In this article a simple question was posed - "Will future customers still need banks?".  It basically concluded that the...
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Bank Compliance
Loving Your Auditor?
How to bridge the gap between IT professionals and those hired to apply audits. Auditors often arrive at a location expecting the cold shoulder and friction with internal IT personnel.  IT personnel often assume that auditors are "out to get them".  The loser: everyone. ...
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Bank Management
Bank websites are not satisfying customers needs
Customers are increasingly turning away from bank websites and towards call center operators for help.A recent survey by Transversal shows that bank's static web pages just aren't satisfying customers needs.  Thirty percent of bank web pages struggle to answer more than 2 of 10 product ...
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Bank Technology
Portable Storage Threatens Your Bank's Data
Where is your data going? Portable Storage threatens Your Data's Security.A recent survey in Business Week says that 50% of CIO's are concerned with the growing threat from portable storage.  From iPods to thumb drives these devices are posing a real threat to your network security.&nbs...
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Bank Security
Internet Sabotage - Securing your bank's online reputation
Every day banks are assaulted with attempts at gaining customer information.  Phishing schemes require little if any programming experience, a stolen credit card number and a quick hop onto a website - the results can be devastating.  The good news is that most banks have a proacti...
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Bank Technology
Web 2.0
Implementing Web 2.0 for Banks In today's high paced and high energy world, banking is quickly realizing the need to keep in step. Several articles have surfaced regarding the need for banks to begin using the newest Web 2.0 technologies. Bank's have never been kn...
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