FDIC Fraud Symposium: 'A First Step'

Interview with Tiffany Riley of Guardian AnalyticsThe FDIC's one-day symposium focused on combating commercial payments fraud was a good first step, but what has to happen next to further the discussion?

Tiffany Riley of Los Altos, Calif.-based Guardian Analytics says the FDIC's next steps should:

  • Include focused, regional forums that discuss specific cases;
  • Offer banks and small to midsized businesses real-world examples of how losses related to online payments breaches can be shared;
  • Give small to midsized businesses a voice on a panel or during a presentation to provide an opposing perspective.

Riley is the vice president of marketing for Guardian Analytics, a research firm that works with small to midsized retailers. Riley's company has closely watched and reviewed the debate brewing between banks and retailers about who should be liable when an online payments breach occurs.

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