Fraud Management & Cybercrime , Fraud Risk Management
Best Practices for Session-Based Fraud Detection/Prevention
Kaspersky's Tim Ayling on Session-Based Tools Serving as 'Early Warning' System
Numerous industries, including financial services, rely on transaction-based controls to help spot and block fraud. But increasingly, organizations are also using session-based fraud detection and prevention, says Kaspersky's Tim Ayling.
"Transaction monitoring works - it works quite well. But nevertheless, there's still a lot of fraud out there," Ayling says. "And so session-based gives you a different look at it, and it gives you what I like to think of as more of an early warning, because you're picking up stuff that may not be fraudulent right now, but it's certainly a sign that there will be fraud to come."
In a video interview at the recent Infosecurity Europe conference, Ayling discusses:
- Why and how adoption of session-based fraud detection has been increasing across multiple sectors;
- Top factors examined by session-based fraud analysis;
- How much fraud is acceptable - and how many industries understand that it cannot be eradicated.
Ayling is the global vice president of fraud prevention solutions at Kaspersky. He previously served as director of fraud and risk intelligence for RSA Security in Europe, the Middle East and Africa. Before that, he held positions at a number of other organizations, including Hexis Cyber Solutions, Trend Micro, KPMG and Entrust.
