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FICO Survey: Only 41% of APAC banks have a cyber-incident response capability in place

SINGAPORE — July 27, 2015  

SURVEY HIGHLIGHTS:

  • 55% of senior APAC bank executives were unsure if their organization currently ran regular audits of data and networks to check if the company had suffered data loss.
  • 73% of respondents said their CEO/Company board had prioritized a review of cybersecurity in the last 3-6 months
  • 58% of respondents said they had not heard of a predictive analytics alternative to traditional rules-based SIEMs (security information and event management).

For more information: http://www.fico.com/en/fraud-security/cyber-security

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NEW YORK | MUMBAI, July  24, 2015: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced a new global partnership with FICO, a leading analytics software company, to enable clients to purchase and implement FICO solutions through TCS. This alliance will accelerate the development of innovative decision centric applications, enable faster turnaround for implementation and increase user productivity for agile digital transformation programs.

TCS and FICO will develop a Center of Solutions Excellence (COSE) across TCS’ global delivery centers to allow installation of FICO’s solutions provided to TCS. The COSE will provide an environment for training, application development, integration practices, delivery resources, testing, support, and maintenance.

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FICO report shows cross-border and card-not-present fraud predominate

LONDON — July 22, 2015

Highlights:

  • Card fraud losses rose six percent across Europe in 2014, and in UK
  • 70 percent of UK card fraud losses were due to card-not-present fraud
  • Cross-border fraud dominates in UK
  • France had highest card fraud losses relative to sales
  • Analytics, EMV are key to controlling card fraud
  • FICO analysis of fraud in 19 countries is based on data from Euromonitor International

Card fraud losses across 19 countries in Europe rose an average of 6 percent in 2014, according to a new report from analytic software company FICO based on data from Euromonitor International. But the low overall rise masks large shifts in so-called "cross-border" fraud, where criminals use data on cards from one country to commit fraudulent transactions in another country.

Download the Insights white paper: www.fico.com/europeanfraud

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