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Biometric Security for Financial Meltdown Solutions

Risk control procedures are not enough to mitigate fraud at banks and financial institutions.

The latest financial meltdowns on Wall Street and around the world provide further evidence of the devastating consequences of failures to invest in good security and internal control systems. Even the dishonest actions of only one employee have caused companies to go out of business or to suffer massive financial losses. It is incredible that executives and audit committees at major firms are still relying upon passwords for security. Biometric solutions represent an example of security technologies available today to mitigate the risks of future financial meltdowns and frauds.

SAP

 

Need Improvement

Controls for cancelled or modified transactions

Controls for transactions over certain limits

Procedures to act on alerts.

For more information, please send your e-mails to swm@infothe.com.

¨Ï2007 www.SecurityWorldMag.com. All rights reserved.--

 
 

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