As recent incidents prove: Retail point-of-sale breaches are on the rise, creating greater payment card fraud headaches for banking institutions. How does the impact of these crimes compare to that of account takeover, check fraud, insider crimes and the emerging realms of virtual and mobile payments? Receive insights...
Real-time fraud detection isn't new to financial services but new products, channels and faster payments initiatives are accelerating the need for speed when it comes to meeting customer expectations. Consumers need to feel confident that effective risk management is in place, even as they demand convenience and...
The promise of the introduction of EMV into the U.S. is that it will significantly reduce third party fraud and card-not-present fraud. But fraud is like energy - it doesn't get created or destroyed, it simply is transformed. We therefore know from experience that thieves and fraudsters will not simply give up in the...
The takedown of Gameover Zeus taught law enforcement and banks many lessons, including that Trojans are being used to steal corporate secrets, not just money, says Eward Driehuis of Fox-IT, which investigated the threat actors behind the Trojan.
Julie Conroy of the Aite Group analyzes why a new report shows most top-tier North American banking institutions expect to increase their spending on online and mobile fraud mitigation in the next two years.
This white paper covers the significant blindspot in visibility and increased risks for organizations in the face of "Shadow IT". In addition, this paper covers why traditional controls that secure your on-premise environment don't provide the required visibility into user activity and risks related to cloud app use.
While Microsoft Office 365 includes some native security capabilities, things like protecting user passwords or how employees gain access to Office 365 are the customer's responsibility. This playbook provides you with a practical guide for defining, developing and executing an Office 365 security plan. It includes...
The European Central Bank (ECB) Recommendations For The Security Of Internet Payments sets forth numerous recommendations for European banks to enhance online fraud prevention practices. The ECB recommendations are more expansive and detailed, yet fundamentally similar to the US Federal Financial Institutions...
Customer authentication is a very difficult challenge for financial institutions in faceless delivery channels due to the ready availability of consumer information from social media sites and data breaches. Fortunately, technology is up to the challenge, and voice solutions have emerged that can provide a wide range...
By 2018, Javelin predicts that new account fraud and account takeover will eclipse present worries about POS attacks and retail breaches. Why breached PII should be our biggest worry.
A new breach reported by Heartland Payment Systems won't get much attention. But this incident could be more damaging to the undisclosed number of consumers affected than was Heartland's 2008 payment card breach.
Wire fraud perpetrated via business email compromises has quickly become a top concern for banking institutions. Now one bank fraud executive predicts this type of fraud could exceed $1 billion this year.
Financial malware - that is, malicious software designed to enable fraudulent transactions - is a growing concern for line-of-business executives, heads of retail and commercial banking, leaders of global compliance operations, and risk management officers worldwide. Fraudsters rely upon increasingly sophisticated...
In today's ever changing fraud landscape, much of the currently used statistical-based fraud detection methodology is creating significant challenges for both organizations and end users. These statistical models generate high false positive rates and provide a risk score that does not effectively distinguish...
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