Rollout of DMARC email security protocol needs to gain steam

[frogboy]

Trust, from both customers and investors, is the most important currency for financial services companies. A breach of trust can break a bank, while maintaining trust leads to long-term success. At its core, financial services customers expect their banking institutions to protect their money and their information. And it starts with the most basic of 21st century communications – email. So how are the globe’s leading financial institutions doing?

The good news is that the five largest banks in the U.S. are deploying the Domain-based Message Authentication, Reporting & Conformance (DMARC) email security protocol to prevent their brands from being hijacked and protect consumers from data theft, according to a new study from the Global Cyber Alliance (GCA).

However, there is still much more work to be done.

DMARC deployment around the world
Only 11 of the top 50 U.S. banks and just 9 of the 50 largest European banks have deployed DMARC to block spoofed emails or have them marked as spam. Further, NONE of the 50 fastest growing independent banks in the U.S. use DMARC at all.

Read More. Rollout of DMARC email security protocol needs to gain steam - Help Net Security

 

[_CyberGhosT_]

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The US banks that refuse should have their FCC insurance rates hiked.
Only way to motivate an institution of that caliber is through their wallets