Did you know that once a secret makes it into a Git commit history, it stays there forever and can be left undiscovered for months or years? Recent attacks like Uber and Toyota underscore the risks. Once hackers gain access to critical systems via an exposed secret, they can move laterally across an organization to...
Don't click phishy links. Everyone knows that. But are your end users prepared to quickly identify today's tricky tactics being used by bad actors? Probably not. Cybercriminals have moved beyond simple bait and switch domains. They're now employing a variety of advanced social engineering techniques to entice your...
Globally, the average data breach costs firms of all kinds $4.45 million (a breach in the U.S. costs
$9.4 million). Damage to your brand and reputation could make that loss look like peanuts.
Public-facing endpoints and certain back-end systems are often overlooked by traditional
negative security model solutions...
In late Q4 2023, ISMG conducted a survey that attracted over 100 responses from professionals and provided a unique platform for Fraud, AML, Financial Crime, and Compliance leaders to contribute their insights and to offer a deeper understanding of how AI is shaping the daily battle against fraud.
The continuing battle against fraud and financial crime demands constant adaptation and innovation. Generative AI - Artificial Intelligence - and broader AI technologies have brought both excitement and apprehension to our field, as they hold the promise of revolutionising our approach to fraud prevention while...
Our email authentication experts will be on hand to provide their insight and a demonstration of how exactly Proofpoint Email Fraud Defense can help identify and close requirement gaps.
A recently spotted hacking group with a penchant for using open-source tools has been using a less-than-novel tactic: exploiting SQL injection flaws. So warn researchers who recently detected attacks by the group, which has the codename GambleForce and appears to focus on gambling and retail firms.
In the latest weekly update, the former federal CISO, Grant Schneider, joins three editors at ISMG to discuss important cybersecurity issues, including advice for the next White House cyber director and liability concerns facing CISOs following SolarWinds and its CISO being accused of fraud.
Financial institutions (FIs) are grappling with sophisticated authorized and unauthorized scams that are fueled by payments innovation and higher transaction volumes. With instant payments gaining worldwide adoption, real-time monitoring is the key to stopping trending scams—but that’s not the only trend to plan...
Blue check scams, quishing, tech support, homograph attacks, and travel scams abound this holiday season. Fraud tactics are more personalized and harder to detect, competition is steeper, and regulatory scrutiny is ballooning.
In this eBook, we’ll take a look at how real-time fraud detection and real-time...
Banking institutions have more data and analytics than ever before. They are embracing embedded finance, digital and contextual customer journeys and near real-time customer decisions.
But how are they using them to drive better risk and fraud decisions? If they do not have agility to respond to these new types...
PSR shift in liability adds another dimension of complexity for financial institutions (FIs) combatting sophisticated APP fraud scams and new account fraud. Not only is it more challenging for FIs to protect themselves and customers, that liability shift could have deep revenue impact.
Financial institutions (FIs) are increasing their efforts to combat the alarming rise in fraud cases. A prominent example is the U.K. PSR’s upcoming shift in liability to FIs, especially relating to Authorized Push Payment fraud. With the PSR’s new policy, both the sending and receiving FIs will be responsible for...
Until now there has been an ongoing struggle regarding who owns the money mules and scams problem – Credit Risk, AML (KYC), or Fraud Management? With liabilities shifting, ownership is clearly landing on the shoulders of Fraud Management teams. Fraud leaders must act quickly or risk losing revenue, their reputation,...
Global economic conditions have led to an increase in application fraud, and it's having significant impacts on financial institutions and their customers alike. Andy Pollock of FICO discusses the trend and how institutions can respond to it with enhanced detection and prevention capabilities.
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