As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete while simultaneously mitigating fraud risk that is on the rise thanks to some of the same digital channel benefits enjoyed...
As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete. At the same time, fraud is on the rise thanks to some of the same digital channel benefits enjoyed by consumers:...
Authentication innovation is still in its infancy, and most companies are still combining more traditional passwords and PINs with cutting edge
biometrics or contextual decisioning methods. The combination brings new capabilities to multi-factor authentication, but doesn't necessarily produce the best possible...
The Department of Justice has charged two men, arrested in Connecticut near the scene of a jackpotting attack against a drive-up ATM, with bank fraud stemming from a malware attack. Police say they recovered $9,000 in $20 bills, as well a black box and other equipment from the suspects' car.
U.S. Secret Service alert: For the first time, malware-using fraudsters have been draining U.S. ATMs of their cash via what's known as a jackpotting or cash-out attack. Two older models of ATMs made by Diebold Nixdorf appear to have been targeted.
How can a financial institution spot a true customer from an impostor in the digital world? Cybercriminals leave footprints for fraud experts that are markedly different than true customers.
Download this whitepaper and learn about fraud clues such as:
The use of a pre-paid SIM card;
Automated or industrial...
What security strategies do financial organizations need to consider in the new PSD2 landscape? PSD2 outlines security requirements in three key areas.
Download this whitepaper and learn how to:
Secure customer interactions with third-party providers and banks;
Secure API transactions and account...
Cybercriminals are continuously introducing new, sophisticated financial malware and social engineering tactics to impersonate banking customers. So how can your financial institution let customers in while keeping fraudsters out?
Download this whitepaper and learn how to:
Reduce security costs through simplified...
Financial organizations need to more accurately assess risk in the open banking environment. It's not enough to just get any generic analytics engine that can incorporate data from different interaction channels. A bank's fraud team must be able to identify cybercrime risk, payment risk and customer behavior, in...
What happens when you need to verify a new customer? Without prior information or customer records, and when the information you rely on is publicly available, it can be challenging to determine whether an account was created by a new customer or by a cybercriminal. Download this whitepaper and learn how IBM Trusteer...
PSD2 presents opportunities and introduces new requirements for banks. Proactive, early-adopting organizations will be able to meet the new demands rapidly. By creating new alliances and providing innovative services, they will be able to provide value for both themselves and their customers.
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Effectively fighting fraud has a lot to do with the speed of detection, investigation and countermeasure deployment. By integrating cognitive capabilities with fraud protection, it is possible to shift the balance of power and gain an upper hand in the battle against fraudsters.
Download this whitepaper and learn...
As your bank or financial institution works to deliver digital services, you need to know that the "customer" logging into your online or mobile banking app is who they say they are. However, cyber criminals are continually introducing new and increasingly sophisticated financial malware along with convincing social...
Defending against tomorrow's mobile attacks is a moving target; but new technologies and strategies, including behavioral biometrics and machine-learning-based analytics, are allowing financial institutions to reduce their fraud losses while enhancing their customer experience.
Based on the latest results of ISMG's...
Criminals in Mexico have added endoscopes to their ATM-attack toolkits, warns cash-machine manufacturer NCR. Pairing endoscopes with "black box" attacks can enable criminals to defeat sensors and instruct an ATM to dispense all of its cash.
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