Javelin expert urges financial institutions to take several steps to ensure their effectiveness.
Crooks and straights to follow new trails blazed by EMV. "Passwords ... have a foot in the grave."
First comes the notification that your personal data have been compromised in a data breach. And as sunset follows sunrise, increasingly that notification is followed by actual dollar losses in fraud on personal accounts, said Javelin Strategy and Research in its recently released 2013 data breach fraud impact report.
Think firm finds that 23% of data breach victims in 2012 then became fraud victims.
The time may be nigh when cyber hackers let loose on that weak link in mobile banking: the browser.
Experts have been quick to weigh in with opinions on the usefulness of NCUA’s counsel.
Technology writer Robert McGarvey looks this week at whether denial of service attacks could invade mobile banking next.