As mobile payment usage grows, and as it gains exposure as a increasingly common tool for financial transactions, security breaches can have the potential to grow as well. In this presentation, a technology forensics expert, noted for uncovering security flaws in financial services mobile applications shares recommendations on how to better protect your customers, including:
The types of security breaches and fraud that exist today, and how they'll evolve
The most common mistakes that financial institutions make
How financial institutions can anticipate and prevent security flaws
Troy Bernard Director, Chip Payment Technology, DISCOVER FINANCIAL SERVICES
In this session, youll hear about the the evolution of EMV around the world, and progress so far in the U.S. Attendees will hear various analysts discuss whether the U.S should mandate EMV implementations to simply join the global transition or should it take place as demand actualizes. Who bears the burden of EMV acceptance in the U.S? Is security/fraud protection still the driving force behind EMV smartcard adoption?
Richard Maier Mid-Florida Credit Union, AVP, LOSS PREVENTION AUDITING
Fraudsters lurk near every transaction and financial institutions run the risk of being overrun by payments fraud: the banking industry has witnessed double-digit increases in fraudulent payments transactions in recent years, and this trend is growing unabated. What new shapes is fraud taking -- and what can your financial institution do to recognize it and fight back? This session will talk about the latest fraud trends and strategies you can use to proactively support your payments channels.