Digital channels have become a high-risk environment due to data breaches, phishing, malware, and social engineering attacks. Banks need to better serve their customers by overcoming these security concerns - especially in mobile.
To understand current trends in online and mobile banking fraud, the tools being...
Many banking institutions boast of being "digital first" and enabling "omnichannel banking." But are they fully aware of the new fraud risks they also are inviting? Kimberly Sutherland and Kimberly White of LexisNexis Risk Solutions discuss how to mitigate omnichannel fraud.
Maintaining strong payments security practices is a continuously moving target given the ever-evolving payments ecosystem and dynamic nature of the threat environment. The commitment to improve security is a priority throughout the payments industry as evidenced by the ongoing collaboration across these issues. This...
As of Q1 2018, the global cybersecurity community finds themselves inundated with both internal and external advanced threat actors who are stealthier, more resilient and sadly, more effective than they have ever been before. Many organizations are coming to terms with deciding whether their security posture is...
The financial industry continues to be a high-risk target for fraud, primarily fueled by the sale of stolen credentials, account numbers, pins, and personal and financial information.
While larger financial institutions have dedicated in-house teams and sophisticated technologies in place to detect incidents,...
The adoption of e- and m-commerce has created new opportunities for fraudsters to falsify identities and defraud merchants, consumers, and banks out of millions.
However, preventing fraudulent transactions with fewer instances of false positives is possible by leveraging shared transaction data from a consortium of...
Micro-segmentation is fast becoming a foundational layer of the security architecture for today's data center and cloud computing environments. It has seen a big push by a range of vendors as well as growing recommendations from leading analyst firms such as Gartner, ESG, and the 451 Group.
The idea of using network...
As of January 1, 2018, all SWIFT customers must self-attest to their compliance with the new SWIFT Customer Security Program (CSP). The program is designed to respond to the wave of cybercrime targeting SWIFT installations that began with the Bank of Bangladesh breach back in February 2016 and has swept across the...
Bug bounties are fundamentally changing the way financial service organizations approach the security of the Internet, moving from the realm of novelty towards becoming best practice.
This report presents how the financial services industry is actively looking to bug bounty programs to augment their existing...
Since the U.S. adoption of EMV chip-and-signature for payment card security, incidents of card-present fraud have been reduced. But there has been a corresponding (and predicted) rise in card-not-present fraud, as well as check fraud and new real-time fraud, resulting from new forms of payments.
This session...
The days of threats being addressed with traditional security solutions are behind us. In 2018, digital extortion will be at the core of most cyber criminals' business model and will propel them into other schemes that will get them hefty payouts.
As environments become increasingly interconnected and complex,...
In the Face of Advanced Threats, is Your Organization's Security Posture Reactive or Proactive?
Today's most advanced threat actors - whether external or internal - are stealthier than ever and able to hide within one's systems for days, weeks or even months as they gather intel and prepare to strike. Sixty-one...
Money laundering: a crime as old as currency itself. It represents between two and five percent of global Gross Domestic Product (GDP)*. Cyber crime and money laundering are growing and evolving at a faster rate than many organizations can keep pace with, especially while staying within regulatory requirements. The...
Fraud is constantly evolving, meaning your fraud prevention strategy needs the flexibility to change in order to keep pace and outmaneuver fraudsters.
Download this tip sheet to learn the tools you need to consistently outsmart the fraudsters regardless of their schemes and alternative methods.
Traditionally, fraud teams have taken a defensive approach to fraud prevention as each new type of threat appeared. Nowadays, fraud is evolving rapidly as criminals become more sophisticated. It's time to take a proactive stance!
Without a proactive fraud strategy, customers can get caught in the middle with either...
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