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.
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,...
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...
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.
Banking institutions have more data and analytics than ever before. But how are they using them to drive better risk and fraud decisions? Diana Rothfuss and Terisa Roberts of SAS open up on enterprise decisioning - linking people, data and processes faster and more efficiently.
In recent years, the adoption of public cloud infrastructures has surged, providing organizations with unparalleled flexibility and scalability. But this shift has also introduced a new set of challenges when it comes to protecting web applications and APIs that are hosted on these platforms.
Containers’ popularity is no mystery: they’re portable, efficient and scalable. However, the speed of container adoption hasn’t always left time for the security of containerized applications and data to be fully addressed.
Our concise e-book, Container Security 101: Understanding the Basics of Securing...
In the modern, API-driven era — where 26 to 50 APIs power the average application — API security couldn’t be more important. Unsecured APIs make easy targets for bad actors searching for exposed application logic, resources and sensitive data.
But despite having multiple API security products in place, 92% of...
Email is a major entry point for threat actors, who have evolved their tactics to bypass traditional security solutions and now leverage AI to make attacks more scalable and harder to detect. In response, organizations are buying AI-enabled solutions to bolster their security posture. This survey shows...
The advent of generative AI has transformed the way modern organizations operate. While many business users are adopting tools like ChatGPT and Google Bard to enhance productivity, cybercriminals are also capitalizing on this technology—resulting in more attacks with increased sophistication.
To understand how...
In the aftermath of the pandemic and global political unrest, the risks
of identity and credential theft have surged, and a deluge of scams are
exploiting the crisis. Consumers facing disrupted incomes seek credit
solutions, and fraudsters seek to exploit them by using application
fraud tactics.
In this eBook,...
Vice President at Appgate, Mike Lopez, offers his expert analysis on the survey findings and how this year's results were unique to the most current cyber threats.
Welcome to our report summarizing the 2023 Faces of Fraud survey. We are most grateful to our 150+ industry contributors who answered our questions frankly to enable us to provide a snapshot of the frauds causing most concern for financial services in 2023.
The data shared in this report, as well as expert...
Amid the rapid evolution of cyber threats, staying informed about the latest trends is paramount to protecting your digital assets. Join cybersecurity experts from Coalfire and NowSecure as they delve into the dynamic realm of digital security. Drawing on insights from the recently unveiled 5th annual Coalfire and...
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