Emerging malware increasingly puts banks and their customers at risk for fraud. The sooner malware is detected and removed, the less likely banks are to suffer regulatory penalties and fines, and steep losses linked to fraud.
Spear phishing is going to be a leading worry for banks in 2015, as hackers increasingly target bank employees to compromise credentials used to access consumer and business accounts as well as critical servers and systems.
A new report now claims the breach at JPMorgan Chase is linked to a server the bank's security team overlooked when upgrading to two-factor authentication controls. Why that oversight and a well-planned spear-phishing attack were all hackers needed.
In addition to 56 million payment cards being compromised in the Home Depot data breach, approximately 53 million e-mail addresses also were stolen, the retailer reported in an investigation update on Nov. 6.
Hackers launched a successful phishing attack against Fidelity National Financial employees, then used the stolen information to attempt to reroute money transfers, the title insurance and mortgage services firm warns.
Part 1 - Voice Biometrics in the Call Center
See how the detailed analysis of millions of voice-based transactions has produced a "signal in the noise." From large-scale analysis, clear patterns emerge of how stolen payment card information is actually qualified, updated and adapted for monetization. This process...
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Contact centers increasingly are the key "soft" targets for fraudsters who impersonate legitimate customers to alter or obtain information. This information is then used to facilitate direct and cross-channel fraud, which can be very difficult to tie back to the call-center entry point. How do...
See how the detailed analysis of millions of voice-based transactions has produced a "signal in the noise." From large-scale analysis, clear patterns emerge of how stolen payment card information is actually qualified, updated and adapted for monetization. This process is most often carried out by social engineering...
Google says just 2 percent of the recent dump of nearly 5 million credentials to Russian cybercrime forums contained valid Gmail username and password combinations. But anyone who reused the same passwords on other sites remains at risk from hackers.
Contact centers increasingly are the key "soft" targets for fraudsters who impersonate legitimate customers to alter or obtain information. This information is then used to facilitate direct and cross-channel fraud, which can be very difficult to tie back to the call-center entry point. How do fraudsters conduct these...
News reports of a suspected attack against JPMorgan Chase, and perhaps other banks, serve as an important reminder for financial institutions to ramp-up their security efforts, especially to guard against phishing attacks.
The widespread use of mobile devices and social media has fueled spear phishing by eroding the so-called perimeter that once shielded corporate networks, a panel of financial fraud experts says in part two of their discussion about spear phishing trends.
Internet hygiene is not up to par, say cybersecurity experts Tom Kellermann and Rod Rasmussen, who explain why bad hygiene has led to increased botnet traffic and malware infections.
Spear phishing attacks are increasingly sophisticated. Banking institutions must learn more about how fraudsters dupe one's customers and employees, says a panel of three financial fraud experts.
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
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