Old Second Bank of Ill. Adds Security from IronKey

Old Second Bancorp Inc. has agreed to use IronKey Inc.'s Trusted Access security with its online banking and payments offerings.

Old Second, of Aurora, Ill., will offer IronKey's secure browser to business clients. This software prevents malicious programs from taking over an online banking session by creating a virtualized read-only environment on the user's computer for banking transactions.

Trusted Access "helps protect customers even if criminals have managed to install crimeware on their PC," says James Eccher, president and chief executive of Old Second, in a press release.

IronKey is based in Sunnyvale, Calif.

Daniel Wolfe

Content Director, Payments and Credit Unions, American Banker

MORE FROM AMERICAN BANKER

Payments

Bread Financial 'feverishly' preps for CFPB late-fee rule scenarios

Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.

By Kate Fitzgerald

1h ago
Artificial intelligence

Banks don't talk about the energy AI guzzles. Here's why they should.

Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.

By Penny Crosman

1h ago
Regulation and compliance

FDIC board debates, then withdraws asset manager control proposals

The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.

By Ebrima Santos Sanneh

3h ago
Regulation and compliance

Why Texas has its own account with the Federal Reserve

The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?

By Kyle Campbell

3h ago
Originations

Mortgage rates rise on weak economic news

Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.

By Brad Finkelstein

3h ago
Fraud

Mortgage fraud attempts surge by more than one-third

While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.

By Spencer Lee

5h ago

	About Daniel
twitter	wolfewriter
mailto	daniel.wolfe@arizent.com
linkedin	daniel-wolfe-5947087