Navi Mumbai, Maharashtra India (PressExposure) October 01, 2007 -- Bharat Book Bureau, a leading market information aggregator has put forth a report-Security in Retail Banking (Review Report) [http://www.bharatbook.com/detail.asp?id=52914]
Security is a fundamental requirement for all banks as customers expect their investments, personal information and credit details to be secure. Fraud continues to be an issue for retail banks across the world. The majority is currently related to cards and payments, however, identity theft and account breaches are on the rise. As a result, banks are fighting an ongoing battle on all fronts.
Scope of this report Covers the European and North American retail banking security IT markets Discusses implications and industry dynamics of security IT on retail banking institutions Research and analysis highlights Against a backdrop of tightening regulatory controls, fraudsters' increasingly sophisticated methods, growing commercial losses and concerns about customer retention, banks are being driven to implementing stronger security environments.
The number of individuals with access to a bank's internal operations is growing all the time, thus increasing the complexity of ensuring that access is tracked and that customers, staff and contractors alike all have access to what they need, while unfriendly parties are intercepted and access is blocked.
While banks need strong security solutions in place to manage individual elements of their operations, it is critical that these are combined with a cohesive security infrastructure that enables them to have a clear view of the threats they are exposed to at any given point in time across the entire enterprise.