The U.S. Financial Services Internet Security, Privacy, and Fraud Report

Abstract

As financial services products and services increasingly migrate to online platforms, financial service providers have had to grapple with evolving security, privacy and fraud issues, which have greatly impeded consumer acceptance of the online product channel (and, consequently, online financial services growth) and have cost both corporations and consumers billions of dollars. However, technologies once under the exclusive domain of the government and the military have finally begun to make their way into the consumer financial services space, with tangible results. Relying on interviews with industry executives, and replete with market size and forecast information on two-factor authentication and biometrics, as well as scores of tables and charts, The U.S. Financial Services Internet Security, Privacy and Fraud Report analyses the causes, consequences, and trends regarding consumer financial privacy and fraud concerns and the evolving technologies, legislation and policies that are emerging to protect financial information.

For example, it assesses different account hijacking strategies, the prevalence of account hijacking, and the financial impact of identity theft. The report also explores how technology is evolving to meet these threats, including scanning tools, e-mail authentication, single-factor and two-factor authentication, and biometrics.

The report takes things a step further by analyzing those financial services companies at the forefront of using new technologies and procedures to thwart Internet privacy and fraud concerns. In doing so, the report provides information on and analysis of scores of technology companies and financial services companies.

Our report will also cover:

• Identity Theft Insurance
• Verified by Visa
• MasterCard SecureCode
• Credit Bureau Initiatives

Technologies from the following companies will be highlighted:

• Actimize
• ActivCard
• Authentify
• Axalto
• Beepcard
• BioPay
• Bioscrypt
• CipherTrust
• CMX Technologies
• Cloudmark
• Cyota
• Diebold Inc.
• Digital Persona
• Entrust
• Fair Isaac Corporation
• Fujitsu Computer Products of America
• Hewlett-Packard
• IBM
• Microsoft
• Nuance
• PassMark Security
• Pay By Touch
• Pen-One Inc.
• Real Time Data Management Service
• RSA Security
• SafLink
• StrikeForce Technologies
• Tools.com Inc.
• VASCO Data Security International
• Verisign
• Whole Security Inc.