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Interview

GDS International Talks with Bank of America on Consumer Scam

Cyber Spam risk to the consumer
By John Funnell
Article Rating:
November 26, 2009 12:00 PM EST
Reads:
 818

Cyber crime is relatively new, but has now grown exponentially.  It is an ongoing issue for financial institutions and with the Bank of America  being one of the biggest in the US combat methods must constantly evolve. So they brought in Ron Green from the US secret Service to secure the Banks customer facing business.

"if I were to grab a group of a hundred people to try and steal their information, there's a good chance that I'll get a good percentage of Bank of America" Ron Green continues "The line between Forensic Murder investigation and bank crime may be closer than we imagined."

Recent surveys show that one of the biggest financial consumer requests is for their service to be available on a mobile platform which is both fast and secure. This is an innovative step in personal finance but the risks are high according to Ron. "Our own infrastructure (Bank of America) is well protected, cared for, maintained, it is pretty hard to target so scammers are shifting to the softer targets - the customers"

This shift is concern for all banks, a customer does not have the resources of a large institution to protect their devices, leaving them and their finances open to scammers, and it is at this juncture where information will be compromised.

You can see the full interview with Ron Green here.

Published November 26, 2009 – Reads 818
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John Funnell has worked in online media for ten years, after achieving his First Class BSC Hons Degree and Masters he worked for the BBC before setting up the ‘Beat’ franchise (Beat Club, Beat TV, Beat Mag and Beat Online), utilising the power of Web 2.0 John then set up Clean Living Records Ltd with great success having many acts that charted in Europe. After selling half of the business John looked for a new challenge and joined GDS International as Event Director, forging contacts with some of the biggest technology names in the world, this lead to John having a lead role in the Creation of MeettheBoss.com and MeettheBoss.tv – the largest exclusive Senior executive online network in the world.