Security hygiene can be poor, and criminals know it. Fraudulent activity costs are in the billions worldwide across industries, and over 16 million consumers in the US were victims of identity theft or fraud in the past year. Learning to onboard new data at the speed of the business will ensure your fraud team can...
Al Pascual of Javelin Strategy and Research discusses a new report that shows that while crypto wallets may be considered to be at the sharp end of payments innovation, the security vulnerabilities they face are much the same as those that already exist in digital banking and payments.
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 banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience. IBM Trusteer's Valerie Bradford discusses how to defuse this tension.
Leading the latest edition of the ISMG Security Report: The Department of Justice indicts Russians for allegedly running an industrialized troll factory designed to influence U.S. politics. Also, a feature in Australia's new real-time payment system could be abused by identity thieves.
Australia's real-time payments platform, which launched last week, includes a feature designed to reduce fraud and erroneous payments. Ironically, the feature may also expose users to social engineering attacks.
With advances in big data, artificial intelligence, machine learning and more, healthcare is primed to innovate. But do HIPAA, GDPR and other regulatory standards inhibit the ability to innovate? Scott Whyte of ClearDATA discusses healthcare's complex convergence of innovation and compliance.
Criminals in Europe are annually laundering at least $4 billion - and growing - via cryptocurrencies, warns Europol. The agency is calling on regulators and legislators to regulate cryptocurrencies to help battle money laundering and protect consumers.
Australia is the latest country to roll out real-time payments, where funds from an account at one bank reach an account at another bank in seconds. While convenient, the system poses fresh fraud challenges and consumer protection concerns.
Illegal transactions on the internet have long been conducted in the cryptocurrency bitcoin. But underground vendors are accepting new kinds of virtual currency that may be safer to store and offer more privacy protections, according to a new study of 150 dark web markets and forums.
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...
As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
Today, consumers are using millions of devices to buy whatever, whenever, wherever. This rapid evolution of e- and m-commerce has created a target for fraudsters to falsify identities and defraud merchants, consumers, and banks out of millions.
Taking advantage of the wealth of data maintained by banks is...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing govinfosecurity.com, you agree to our use of cookies.
