Securites Industry Next Target of Online Fraud - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Government // Cybersecurity

Securites Industry Next Target of Online Fraud

Securities and brokerage survey shows firms take page from banks in fight against online fraud and identity theft

ATLANTA -- Securities and brokerage firms use lessons learned from the banking industry to take a more proactive stance against online fraud and identity theft, according to a recent survey conducted by Digital Resolve, a leading provider of online authentication and fraud detection solutions.

Although a majority of security professionals at these firms say they have already implemented technology to proactively address the growing issue of online fraud and identity theft, almost one-third have not yet employed solutions to address these threats — many are still evaluating options or taking a “wait-and-see” approach.

“We conducted this study to examine the issues of online fraud within the securities and brokerage industry as well as to evaluate the marketplace’s readiness to circumvent the attacks associated with this fraudulent activity,” said Dennis Maicon, executive vice president of Digital Resolve. “A secondary goal was to look at the type of solutions security professionals were employing. In today’s rapidly changing online criminal environment, effective security cannot be a ‘one-size-fits-all’ solution. It is important to implement technologies that address all of a firm’s top security concerns while covering every customer touchpoint.”

Digital Envoy

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Preparing for the Upcoming Quantum Computing Revolution
John Edwards, Technology Journalist & Author,  6/3/2021
How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
White Papers
Register for InformationWeek Newsletters
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll