Former Secret Service agent Jeff Dant now heads fraud operations and intelligence for the financial crimes unit at BMO Financial Group. Which threats and threat actors does he focus on, and how does his law enforcement experience help? Dant previews a session at the upcoming Cybersecurity Summit in New York.
The fast-evolving, sophisticated, and increasingly global threat of financial crime is one of banking's biggest challenges. To be truly future-proof, institutions must move faster than the criminals who seek to attack them - which makes one thing clear: The most successful and profitable banks of tomorrow will be...
Disruption continues to reshape the financial services industry. Time-proven products and services have been rendered obsolete in the blink of an eye, rewriting the banking landscape and leaving it scattered with new challenges.
Online banking and faster payments have been embraced by customers, but money launderers...
The EU Payment Services Directive (PSD2),
presents any business that processes online
payments or provides account related services
in the European Economic Area (EEA) with the
challenge of balancing the Strong Customer
Authentication (SCA) requirements with a seamless
buyer's journey.
To gain competitive...
Account takeover is the fastest growing fraud vector in retail banking. It's lucrative. It's a service you never want to provide.
Motivated fraudsters attack from every angle, limiting the effectiveness of the best one-dimensional defenses.
iovation offers the most secure, seamless, and comprehensive solution....
The cause of Capital One's breach is known. But experts say the incident still raises questions over why Capital One held onto personal data so long and if the bank was adequately monitoring administrator accounts.
JPMorgan Chase researchers have published a new paper describing their efforts at developing a novel "early warning" system based on artificial intelligence algorithms that can detect malware, Trojans and other advanced persistent threats before the phishing campaign that targets the bank's employees even starts.
A Seattle-area woman has been charged with accessing tens of millions of Capital One credit card applications after allegedly taking advantage of a misconfigured firewall. The incident is likely to increase calls for better corporate caretaking of sensitive consumer data.
National Australia Bank says it is contacting 13,000 customers after personal account data was uploaded without authorization to two data service providers. The bank, which apologized, says the data has been deleted and was not disclosed further.
When leveraging AI and machine learning to drive banking innovations, it is essential to take a structured approach in implementing security-by-design for conducting proper risk assessment of the organizations and people involved, says Sameer Ratolikar, CISO, HDFC Bank
Fraudsters continue to get new tricks up their sleeves. Criminals are increasingly using Apple Pay, setting up mobile call centers to socially engineer victims as well as tricking consumers via fake e-commerce sites that never fulfill orders, fraud-fighting experts warn.
Digital transformation has propelled a wave of new technological advancement that has arguably enriched people's lives. By the same token, the proliferation of machines - physical, virtual and in the cloud - has posed many security challenges and threats across industries, banking being the most noteworthy. As this...
Criminal gangs have been hitting e-commerce sites hard lately by injecting their malicious code to "skim" customers' payment card details. In a recent twist, Malwarebytes spotted a malicious iFrame that steps in front of the normal payment process to intercept card details.
Email is indispensable to Financial Services and with ongoing changes in regulations and security protocols, it's more important than ever to understand the impact of email communications and ensure they're reaching customers.
This ebook is designed to help Financial Services and FinTech companies improve the ROI of...
Email is the workhorse of financial services communications, but developing a sound email strategy that caters to different phases of the customer journey is often overlooked. Financial Services businesses need to be strategic about their communications and goals of those emails in order to engage and retain their...
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