The easy availability of tools for designing face-swapping deep-fake videos drove Symantec security researchers Vijay Thaware and Niranjan Agnihotri to design a tool for spotting deep fakes, which they described in a briefing at the Black Hat Europe 2018 conference in London.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
While unsupervised machine learning techniques get away from the data labeling and classification that most supervised systems require, they are dependent on the quality and variety of the data provided, says Gartner's Jonathan Care.
For banks, combating fraud is an ever-escalating arms race. If
your bank is investigating anti-fraud solutions to stop fraud
losses, lower false positives, or reduce manual workload, join
this webinar. Our fraud experts will explain the top 10
technology requirements to consider - as well as their...
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
Scan4You, a notorious cornerstone of the cybercrime-as-a-service economy that allowed malware developers to more easily create code to bypass anti-virus defenses, has been dismantled, and its Latvian technical administrator has been slammed with a 14-year U.S. prison sentence.
Has your financial institution recently been
through a regulatory audit or thematic review
where weaknesses were identified with your audit
processes? This is now an increasingly common
scenario for Chief Anti-Money Laundering Officers
(CAMLO), Bank Secrecy Act Officers (BSA Officers),
or other similar positions...
Cybercrime is a business and, like any business, it's driven by profit. But how can organizations make credential theft less profitable at every stage of the criminal value chain, and, in doing so, lower their risk?
For retailers, the benefits of selling gift cards extend well beyond the initial revenue. The purchase ensures a future shopping trip, and when redeeming gift cards, customers spend an average of 20% more than the value of the card. Considering their widespread popularity (93% of US consumers receive or give at least...
According to a recent global fraud study, over 90% of eCommerce merchants use the same tools to manage fraud across both web and mobile transactions. While over 80% of merchants support mobile shopping, only 52% track fraud rates by channel.
As mCommerce becomes more prominent, neglecting to adjust fraud management...
Cyber criminals are reaping the benefits of business email compromise and CEO fraud scams, which is a $12 billion industry, according to the FBI by impersonating an executive in your organization, asking for financial reports or by asking payroll staff to make changes to bank accounts.
Invoice and payroll fraud,...
A leading mobile-based financial services company sought out fraud prevention tools. In the past, fraudsters used that company's customer accounts to funnel money via stolen identities. But with advanced device fingerprint technology, the company could detect multiple accounts created from the same device and suspend...
Leading the latest edition of the ISMG Security Report: A preview of next week's Fraud and Breach Summit in Chicago, which will feature keynoter Brett Johnson, a former cybercriminal who now advises organizations on fighting crime.