(by Peter Van Bruggen)

Security experts call upon U.S. banks to take steps in fighting fraud. These steps are connected with watching customer data across multiple business lines.

The best defence is lying in holistic anti-fraud protection, says Sophie Louvel, an analyst from Financial Insights. She also predicts that financial fraud will drop since 2005.

Data sharing across industries is useful in fighting ID fraud and Wells Fargo helps against ACH fraud, says Gartner analyst Avivah Litan. Banks really need security solutions that enable customers to contact financial services without any problem.

Customers are expected to guess greater commitment for the security of banking transactions, potentially in the form of smart card-like tokens or sharing a secret message with a service provider.