Tag: Ebanking

Patco ACH Fraud Case: Banks Need To Take Stronger Security…

What’s a “commercially reasonable” amount of security for a bank? We got one answer last week when a federal appeals court reversed a lower court’s ruling on the Automated Clearing House (ACH) fraud dispute between Patco Construction and Ocean Bank.  Patco sued Ocean Bank for having “commercially unreasonable” security in place after Patco lost more […]

Payback time: eBanking and mobile payments in the USA

If you’re an avid reader of the Gemalto blog, it won’t surprise you to learn that digital commerce and eBanking adoption has risen significantly in the past few years, across the globe, from Turkey to Brazil. So how about the US? Well last year alone, the American Bankers Association found that some 62% of US […]

Are there limits to NFC and mobile payments?

As a regular follower, you’ll have read a post on the rise of eBanking and mobile payments in the USA. You might also have crossed the Atlantic (via social media) to see for yourself whether London is NFC-ready with our Contactless Challenge – encouraging two mobile influencers to compete to complete several NFC tasks with […]

Would NFC and mobile banking be better targeted at emerging…

Continuing our series of responding to mobile questions from influential bloggers, our latest question comes from our good friend, Jon Choo. Jon has more experience than most in the field of NFC payments, having recently taken part in Gemalto’s Contactless Challenge. For this, Jon (and his opposing number, Mobile Industry Review’s Ewan MacLeod) was tasked with carrying out a […]

Fraudsters can’t Bank on eBanking

As our use of the internet and eBanking services has advanced, so have the methods that criminals use to target our personal information. The number of attacks rose sharply in 2012 due in large part to shared server hacks, which are gaining in popularity (they accounted for 47% of all phishing attacks in the second […]

How Banks Can Fight the DDoS Wars

Last month I wrote about alarming trends in eBanking fraud, and how banks are staying ahead of fraudsters.  Some of the largest cyber threats have come from Distributed Denial of Service (DDoS) attacks, so this time around I wanted to look at why these are so threatening to banks. DDoS attacks have reached new levels […]