The first step to prevent online banking fraud is to secure the log-in process. It's not a difficult concept to comprehend. Instead of giving away Smokey Joe's, Toasters, Fans, Tupperware, etc. banks need to start giving away something that will benefit their consumers and protect their valuable data and money. Until financial institutions instruct their customers to "stop typing" and "start swiping" hackers will be the ones doing the swiping. In the meantime, we can listen to webinars like the one below on how to try and "trace" these "sophisticated attacks." Trace? How about "eliminate?"
Guardian Analytics to Speak About Online Banking Security at CUIAA Conference
Stephen Kiel will reveal the latest multichannel fraud schemes and provide advice on online fraud prevention strategies.
San Diego, CA (PRWEB) August 17, 2009 -- Stephen Keil, senior solutions architect at Guardian Analytics, a provider of online fraud prevention software for the financial services industry, will deliver a presentation at the CUIAA 19th Annual Internal Auditor and Supervisory Committee Conference today at 1 p.m. entitled "Online Banking: Gateway to Fraud." The conference, organized by the Credit Union Internal Auditors' Association (CUIAA), takes place from Sunday, Aug. 16 through Wednesday, Aug.19 at the Embassy Suites Hotel San Diego Bay in San Diego.
The effects of phishing, malware and other Internet banking fraud schemes are felt far beyond the online channel.
In his presentation, Kiel will discuss a variety of fraud schemes that have online account takeover at their roots, and how they are used to execute sophisticated attacks that are difficult to trace.
Editor's Note: Why are we trying to "trace them" when we can eliminate them...by eliminating typing? Can somebody please explain this to me! Data sniffers don't work if there's no stink...Type Stinks!
Specific anecdotes shared will include multichannel fraud, pump-and-dump scams and Automated Clearing House (ACH) fraud. Kiel will also outline strategies for financial institutions in combating today's threats for the ongoing development of their online banking security solutions.
Online Banking: Gateway to Fraud. 
For more information about Guardian Analytics, visit: http://www.guardiananalytics.com/.
Who: Stephen Kiel, senior solutions architect at Guardian Analytics
What: Session entitled "Online Banking: Gateway to Fraud"
Where: CUIAA 19th Annual Internal Auditor and Supervisory Committee Conference, Embassy Suites Hotel San Diego Bay, San Diego
When: Monday, Aug.17 from 1:00 to 2:30 p.m.
About Guardian Analytics
Headquartered in Los Altos, Calif., Guardian Analytics is focused on the prevention of online account fraud. The company's real-time risk management approach to fraud detection, forensics and risk monitoring is built on strong analytics and predictive models of individual behavior. Leading financial services institutions rely on Guardian Analytics to protect individual account assets and the integrity of their online channels. Founded in 2005, Guardian Analytics is privately held with venture funding from Foundation Capital.
For more information, please visit www.guardiananalytics.com.
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