Fraud Summit - San Francisco 2014 - Could artificial intelligence have been used to prevent the high-profile Target breach? The concept is not so far-fetched. Organizations such as MasterCard and RBS WorldPay have long relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud....
Eight defendants have been charged in an alleged identity theft fraud scheme involving the theft of personal information from a call center for use in unauthorized wire transfers and to obtain payment cards.
Two Ukrainians and an American have been indicted for their alleged involvement in an international cybercrime scheme that used stolen information from banks, businesses and government agencies in an attempt to steal at least $15 million.
The use of synthetic identities is a rising concern for organizations, and financial institutions are often the ones taking the hit for the fraud, says Claudel Chery of the U.S. Postal Inspection Service.
Using "synthetic identities" to commit fraud is becoming easier, but it's increasingly difficult for organizations to detect this type of deception, says Claudel Chery of the U.S. Postal Inspection Service.
Hackers allegedly trafficking in personally identifiable data have reportedly breached the computers of three major data aggregators, raising doubts about knowledge-based authentication as a tool to verify identity.
Online account takeover occurs when an unauthorized party gains access to an existing bank account by stealing the access credentials and is followed almost invariably by the illegal movements of funds. In today's increasingly connected world, the growth in connectivity, convenience, speed, technology adoption, and...
Cyber-attacks are taking aim at governments, banks and organizations across numerous sectors, says former FBI investigator Shawn Henry. But how much do we know about the actors waging these attacks and who their top targets are?