Fraud, Security at the Crossroads

Andreas Baumhof, CTO, ThreatMetrix
Fraud, Security at the Crossroads

Fraud threats are ever-evolving, and the fraudsters continually adapt to anti-fraud solutions. The pressure is on banks to bring new technologies and strategies to the fight, says Andreas Baumhof.

See Also: The Operationalization of Threat Intelligence Programs

The CTO of anti-fraud vendor ThreatMetrix, Baumhof says fraud and security are at a critical crossroads, and he advises banking/security leaders on how to move forward effectively.

In an interview about fighting fraud, Baumhof discusses:

  • How fraud threats have evolved;
  • Why today's anti-fraud strategies fall short;
  • What is needed to truly deter fraudsters.

Baumhof is an internationally known cybersecurity expert with deep experience in the encryption, PKI, malware and phishing markets. Before joining online security and anti-malware provider ThreatMetrix, Baumhof was an executive director, CEO and co-founder of Australia-based TrustDefender, provider of security and fraud-detection technologies. He also previously served as co-founder and chief technology officer of Microdasys Inc., provider of deep-content security solutions. While there, Baumhof developed the first SSL proxy and has patents pending in Europe and the U.S.

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About the Author

Tom Field

Tom Field

Senior Vice President, Editorial, ISMG

Field is responsible for all of ISMG's 28 global media properties and its team of journalists. He also helped to develop and lead ISMG's award-winning summit series that has brought together security practitioners and industry influencers from around the world, as well as ISMG's series of exclusive executive roundtables.

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