Security is never far from the lips when any new technology developments arise, and technology developments were, as always, at the heart of many a discussion a the AFP conference. It was the message of a presentation led by Aaron Bills, founder and COO of cybersecurity firm 3Delta Systems. “Financial institutions should implement layered security, utilizing controls consistent with the increased level of risk for covered business transactions,” he noted.
Some banks are already making use of multilayered security, or a “security cocktail”, as Lloyd O’Connor, Managing Director, J.P. Morgan Treasury Services, described it during an onsite interview with Global Finance. J.P. Morgan’s latest launch of its ACCESS platform will soon boast just such a blend: promising encrypted technology, voice recognition and biometrics, and fingerswipe patterns to enhance multichannel security.