A Framework for Financial Institutions of all Sizes and Maturity Levels
Phishing is the most reported of all crimes, says the US Federal Bureau of Investigation, and financial firms and their customers are frequent targets. Along with the severe financial losses -- which financial services firms can be legally required to compensate -- phishing erodes customers' trust in the sector.
Recently, three large FS-ISAC member US banks implemented an approach that reduced phishing reports by half or more in a matter of months. One bank reduced reports by 90%.
These member firms shared the enhancements and controls they implemented with the FS-ISAC Fraud Strategy Working Group, which collaborated to develop this Phishing Prevention Framework to help institutions stop the scam and preserve the trust the sector has earned.
