Mega-breaches and ransomware attacks are every day news. Yet, far too many enterprises operate as if just back-ups and cyber insurance will see them through. Mark Sangster of Adlumin weighs in on detection, response and how to demonstrate duty of defense.
Successful account takeovers are one of the most common ways that organizations end up with attackers in their systems. But strong authentication can thwart even the most clever phishing campaigns, says Brett Winterford, regional chief security officer for APJ at Okta.
Banks are getting better at catching a wide range of scams targeted at customer accounts, but they are still struggling with stopping authorized payment fraud through peer-to-peer payment companies such as Zelle, says David Pollino, former divisional CISO with PNC Bank.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks of CertiK shares the status of data that FTX stores, the role of regulations and best cybersecurity practices for crypto exchanges.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks, director of security operations at CertiK, shares how the funds may have been stolen and what happens next.
The United Kingdom and many other countries are considering ways to make banks liable for authorized payment fraud and lift the burden from millions of victims of online scams. Trace Fooshee, strategic adviser at Aite-Novarica Group, shares his views on why this might not be such a great idea.
In the latest weekly update, ISMG editors share how amateur tactics employed by ransomware gangs are leading fewer victims to pay ransoms, why traditional identity controls can't protect against the growing authorized payment scams, and highlights from ISMG's Crypto and Payments Summit.
With attacks growing in speed, scale, and complexity every day, there is a myth emerging that AI is a panacea for keeping communications, people, and data secure.
The hope that many have for AI is understandable — it represents a lifeline for IT and security teams that face limited resources, increasing...
Fighting fraud isn’t a binary proposition, and with a layered approach to fraud, you can enhance customer experience while reducing losses. The most successful companies are powering secure and streamlined customer experiences by taking a much more comprehensive view of consumers and their behaviors to make...
With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
Migrating to cloud-based productivity platforms like Microsoft 365 and Google Workspace comes with easier collaboration, more agility, less maintenance, and reduced costs.
Yet, email attacks become a larger challenge as we work to keep data and employees safe in a cloud-based environment. How can you minimize these...
If there’s anything 2022 can teach us, it’s that fincrime Is unpredictable.
This year has been shaped by rapidly changing fraud activities and scams… and increasingly brazen fraudsters. Neither individuals, businesses, government entities, nor financial institutions (FIs) are exempt from the velocity and...
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