FSTC Gets into Biometrics

The Financial Services Technology Consortium has launched an initiative aimed at helping the financial industry understand how biometrics can be used to combat fraud. Specifically, biometrics' role in identification and verification will be examined. Dan Schutzer, Executive Director of FSTC, said one of the expectations is to develop a methodology to help members select, specify, evaluate and deploy biometric applications with greater customer acceptance.

Configuration's Critical in Name only

New research from Shavlik Technologies suggests IT and security execs view configuration management as critical, but organizations still aren't investing to support it. About 87 percent of IT managers say configuration management is an important part of security, but less than 10 percent have automated solutions for the complex, error prone task. CEO Mark Shavlik said the attempt to manage configuration settings using free tools or ad hoc processes has created a false sense of security and lack of visibility.

Consumers Want Mobile for Free

Nearly 90 percent of U.S. customers believe mobile banking is important, but they won't pay for it, according to a survey from KPMG LLP - which reported only 7 percent are willing to pay a fee to access mobile banking. The study also found customers still wary of mobile transactions: only 20 percent are "somewhat likely" to use their phone for online banking in the next year.

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