Aired: Thursday, Aug 12, 2010
Newshour correspondent Spencer Michaels provides an in-depth look into how online banking fraud is committed, how it's currently being combatted, and why, according to Financial Times reporter Joseph Menn, those safeguards are inadequate. Includes an interview with Guardian Analytics CEO Terry Austin and footage from our July Industry Roundtable in San Francisco.
The conclussion is clear. Current safeguards aren't working and something completely different is what is required. Which is precisely what Guardian Analytics offers. Avoid the "cat & mouse" game described by Candace Worley of McAfee Security by using behavior analytics to detect fraudulent behavior before the money ever leaves the bank.