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...
The booming interest and sometimes surging values of cryptocurrencies are drawing the interest of cybercriminals on a scale never seen before - including attacks aimed at trying to steal computing power to mine cryptocurrency.
Fraud is a pervasive and insidious attack on all. Financial service organizations, retailers, insurers, healthcare providers, governments - they all bear the burden. What can be done to more effectively reduce this scourge?
In this session, Art Coviello, former CEO of RSA Security, draws on his decades of security...
With the explosive growth of the internet of things, and the increasing threat posed by botnets that leverage IoT, more must be done to ensure IoT devices include security by design, says David Holmes, principal threat researcher at F5 Networks, who offers a strategy.
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