The goals of cybercriminals using automated bots are always the same - account takeovers, fake account creation, theft of unused gift card balances, and similar types of criminal activity that disrupt normal business operations.
This report presents the results of an in-depth survey on current practices that larger...
Despite the growing cybersecurity threat targeting mobile financial services applications, many financial institutions are failing when it comes to protecting their apps. Research conducted by advisory firm Aite Group uncovered widespread security deficiencies among mobile consumer finance apps leading to the exposure...
Law enforcement agencies in the U.S. and Europe have disrupted a malware attack platform called GozNym. Six suspects have been arrested in four countries and face local prosecution on fraud, money laundering or malware-writing charges. Five Russian suspects remain at large.
In this solution approach guide, we'll discuss how using an IBM i2® solution to investigate fraud and financial crimes can help an organization achieve an asymmetrical advantage by removing the fraudsters greatest weapon, their ability to remain concealed. IBM i2's industry-leading, multidimensional intelligence...
Among the top new spear-phishing threats to
enterprises: Extortion.
This whitepaper outlines the top three spear-phishing threats and new strategies to defend against them.
Download this whitepaper to learn more about:
Insights from the latest report on spear-phishing;
Why top threats are so successful;
New...
The impact of chargeback rates is abundantly clear and easily measurable, but the financial impact of false declines - rejecting perfectly good customers over fear of fraud - is largely underestimated. In reality, these
mistakes, which are all too common but difficult to track, end up costing merchants significantly...
By 2020, 75% of omni-channel customer-facing organizations will sustain a targeted, cross-channel fraud attack with the contact center as the primary point of compromise.*
Read "Don't Let the Contact Center Be Your Fraud Achilles Heel" to learn why Gartner believes the technologies and techniques available to...
The practices of DevOps, Continuous Delivery and Agile have become common place for some time now among the development and operations teams in most organizations, and now they are surfacing in security teams. This change is rippling across the organization and breaking down silos for software delivery. Teams are...
Account Takeover (ATO) attacks are one of the fastest growing and prevalent problems for most organizations. According to a recent Forrester report, ATO attacks caused at least $6.5 billion to $7 billion in annual losses across financial services, insurance, eCommerce and other industries.
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The advent of faster payments has helped accelerate authorized push payment fraud schemes in which victims are defrauded under false pretenses. Banking regulators are responding to the trend, and Rob Tharle of NICE Actimize offers advice for multilayered defense.
Tharle, a Fraud and Authentication Subject Matter...
Google's latest security feature enables the use of Android phones as a security key, eliminating the need for a separate token or hardware device. The free feature is potentially more appealing that Google's Titan security keys, which cost $50.
Do real-time payments inevitably lead to real-time fraud? Debra Geister of NICE Actimize describes some of the fraud challenges of moving to faster payments.
Some 96 percent of all compromised payment cards have been issued by U.S. banks, reflecting not only the prevalence of credit cards held by Americans, but the relative ease with which they can be used for fraud, says Liv Rowley, a threat intelligence analyst at Blueliv.
As fraud has shifted over the past decade from basic account takeover to synthetic identities and new account fraud, so has the field of identity protection evolved. Tom Thimot and George Tubin of Socure say they are here to disrupt the industry.
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