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It's about how you can keep your money in information safe while banking online but how do you know what your bank is doing to protect you my next guest helps bank.
Banks do exactly that -- ask Terry this year guardian analytics Terry thank you for joining us today.
Right up about one of the top stories of the year was a big hacking scandal at Citigroup where customers lost millions of dollars -- software with.
What have software.
Been able to prevent.
That -- well I don't know all the specifics of the Citibank case they're not our customer but we do have a under financial institutions in the country.
Using our solution.
To monitor account holders detailed behavior.
And from that -- able to very effectively so spot spot suspicious activities operate cans and stop fraud before money can we against.
You know this is something that big banks are.
Certainly focusing on Wells Fargo was just on Citigroup obviously in light -- the news we just talked about.
What -- not smaller and medium sized companies is this something that is -- threat to every one today.
It's absolutely a threat to everyone you know the cyber criminals are really good at stealing your credentials and finding out your challenge question answers in your passwords.
And getting -- your -- you know it's not the consumer's fault anywhere they go social networks innocent looking web sites email -- used to steal this stuff.
Our solution is really built for a bank of any size so we have banks all the way down to small community banks and credit unions up to.
You know fifty billion dollar asset based banks and and higher so.
Is something that we should be looking at now for example when we start to go check out.
I checking account terms and saving account terms -- -- something that we also need to be putting on our checklist is how secure maybe what sort of safety protest protection.
And precautions banks are taking.
No that's absolutely right you should there should be a checklist that you go through around security with your bank and I want to point out particularly if -- small business.
Small business -- the you know the 23 million small businesses in this country.
Our prime targets for cyber fraud and they don't get the same legal protection as consumers of their stolen from -- not necessarily gonna get reimbursed.
So you should ask your bank what to do and what they are doing about security.
And in fact.
Were publishing on our website today a checklist that you can use to go specifically question your bank about these them.
Our solutions certainly doesn't you know one top one fraud -- stop more than pays for our solution so.
I don't think they -- get passed on the consumer.
Terry Austin garden analytics very happy happy on today thank you thanks very much.
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