Latest Security - Authentication Topics

ACH Fraud Suits

08/29/2011

I know there have been lawsuits against banks due to fraud involving unauthorized ACH debits on business accounts. What is the status of those suits?

Regulation J - Security Procedures

05/30/2011

Is the Bank required to have a special procedure section on the DATA form? Should we give the client the option to decline the use of the security procedures that are offered by the bank?

Automated Telephone Banking Systems

10/04/2010

Regarding automated telephone banking systems, customers can currently inquire (get account balance and info) by phone with their account number and last four digits of their SSN. If they want to transfer funds between their accounts, they must complete an application. My bank wants to give automatic access to transfers too. I'm concerned about Reg E issuing access device rules. Is calling the number and following the steps, "requesting" the access? We have new operations personnel who say all banks do this automatically. Other banks don't have customers fill out a form or call and talk to someone, it is all done through the automated phone system. Does this comply?

Does Log On = E-SIGN?

04/06/2009

Will having the customer log on to internet banking suffice for their digital signature if we want to change the terms of an electronic agreement or make some other product or service available?

Securing Remote Deposit Capture Scanners

12/26/2008

How do you recommend that a Remote Deposit Capture customer secure its scanner? Is the scanner itself a security risk?

Red Flag Rule Compliance: 5 Things You Need to Know

10/13/2008

On What do Red Flag Examiners Focus?

10/13/2008

Financial Crisis: Identity Theft Puts Banks at Greater Risk

10/06/2008

Guarding Against Phishing Scams

09/29/2008

Silver Lining in Red Flag Rule: Bankers Can Generate Revenue and Increase Customer Satisfaction

09/29/2008