Risk
7/19/2006
04:27 AM
Connect Directly
RSS
E-Mail
50%
50%

Burton Releases Report

Burton Group released a report that analyzes the FFIEC guidance on authentication for Internet banking

SALT LAKE CITY -- Burton Group, an IT research firm focused on in-depth analysis of enterprise infrastructure technologies, released a report that analyzes the Federal Financial Institutions Examination Council (FFIEC) guidance on authentication for Internet banking and recommends three technologies that can mitigate risks of online fraud.

According to Mark Diodati, analyst with Burton Group's Identity and Privacy Strategies service, the consumer authentication market is growing fast, but not all authentication techniques are created equal. He recommends that financial institutions implement risk analytic engines, out-of-band (OOB) identity proofing and anti-phishing services.

Risk analytic engines help identify potentially fraudulent transactions and allow financial institutions to:
- Stop the transaction
- Let the transaction occur, but increase account activity scrutiny
- Initiate identity proofing processes to verify the user's identity

Out-of-band identity proofing provides higher identity assurance. OOB utilizes channels other than the web session to identity-proof the user at key stages of user interaction with the financial institution's website. Diodati points out that other techniques like device identification and digital watermarking, while valuable, depend upon adequate identity proofing.

Anti-phishing services utilize a real-time network to shares current phishing information with all financial institutions that can reject access from known phishing sites. In addition, many services will work with the major Internet service providers (ISPs) to shut down the site and direct users away from phishing sites.

"If implemented properly, these techniques, along with consumer anti-fraud guarantees, will mitigate the risk of fraudulent transactions on a financial institutions website," says Diodati.

Burton Group

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading, September 16, 2014
Malicious software is morphing to be more targeted, stealthy, and destructive. Are you prepared to stop it?
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-3090
Published: 2014-09-23
IBM Rational ClearCase 7.1 before 7.1.2.15, 8.0.0 before 8.0.0.12, and 8.0.1 before 8.0.1.5 allows remote attackers to cause a denial of service (memory consumption) via a crafted XML document containing a large number of nested entity references, a similar issue to CVE-2003-1564.

CVE-2014-3101
Published: 2014-09-23
The login form in the Web component in IBM Rational ClearQuest 7.1 before 7.1.2.15, 8.0.0 before 8.0.0.12, and 8.0.1 before 8.0.1.5 does not insert a delay after a failed authentication attempt, which makes it easier for remote attackers to obtain access via a brute-force attack.

CVE-2014-3103
Published: 2014-09-23
The Web component in IBM Rational ClearQuest 7.1 before 7.1.2.15, 8.0.0 before 8.0.0.12, and 8.0.1 before 8.0.1.5 does not set the secure flag for the session cookie in an https session, which makes it easier for remote attackers to capture this cookie by intercepting its transmission within an http...

CVE-2014-3104
Published: 2014-09-23
IBM Rational ClearQuest 7.1 before 7.1.2.15, 8.0.0 before 8.0.0.12, and 8.0.1 before 8.0.1.5 allows remote attackers to cause a denial of service (memory consumption) via a crafted XML document containing a large number of nested entity references, a similar issue to CVE-2003-1564.

CVE-2014-3105
Published: 2014-09-23
The OSLC integration feature in the Web component in IBM Rational ClearQuest 7.1 before 7.1.2.15, 8.0.0 before 8.0.0.12, and 8.0.1 before 8.0.1.5 provides different error messages for failed login attempts depending on whether the username exists, which allows remote attackers to enumerate account n...

Best of the Web
Dark Reading Radio