A Nevada medical lab technician who had previously been convicted for Medicaid fraud has been indicted on charges of committing identity theft linked to credit card fraud while out on parole.
U.S. convenience stores and gas stations should be braced for a new uptick in pay-at-the-pump skimming attacks. A recent rash of attacks in Post Falls, Idaho, illustrates exactly why this form of fraud is becoming such a costly concern.
Advanced attackers continue to get more sophisticated at finding and faster at exploiting vulnerabilities of enterprise networks. Unfortunately, most organizations are not keeping pace at detecting advanced attacks. In fact, many are failing at detection all together. Once detected, reducing the response time, from...
Today's cyber criminals use social engineering to plan and execute increasingly sophisticated phishing attacks. The Fundamentals of Phishing provides practical steps for consumers to identify fraudulent phishing emails. It also provides guidance for organizations to prevent their brands and domains being leveraged for...
Continuing the "Faces of Fraud" conversation, Tracy Kitten leads a panel discussion with prominent experts in the field.Additional Summit Insight:Hear from more industry influencers, earn CPE credits, and network with leaders of technology at our global events. Learn more at our Fraud & Breach Prevention Events site.
As U.S. financial institutions migrate to EMV, ACH and wire fraud is increasing, along with fraud tied to checking, says Mannie Da Silva of Fiserv. In a video interview, he discusses how banks can leverage new technologies, best practices and customer behavior data to stay a step ahead of fraudsters.
Even though the U.S. is migrating to the EMV chip, Visa is still stressing the need for merchants to comply with the PCI Data Security Standard, says Eduardo Perez, the card brand's senior vice president of payment risk, in this video interview.
Much of the currently used statistical-based fraud detection methodology is creating significant challenges for both organizations and end users. These statistical models generate high false positive rates and provide a risk score that does not effectively distinguish between legitimate and malicious activity.
With...
Today's cybercriminals are aware of the fraud prevention technologies deployed by most financial institutions, and they design attacks to circumvent these controls. Transaction anomaly detection and device ID approaches can be highly inaccurate, generating a large number of false positive alerts that can overwhelm IT...
Most fraud involves the use of false or anonymous identities. Banks are fighting back with tools and solutions designed to verify identity or at least raise red flags before fraud occurs. Neustar sponsored a survey with American Banker of over 230 top senior financial executives, within fraud mitigation and risk...
In recent years, sending a seemingly innocent email to trick the recipient into allowing unauthorized access to corporate and organizational networks has cost businesses millions of dollars. End users have become sensitive to highly publicized cyber-attacks, knowing that their personal data is at stake.
As...
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Recent attacks have shown that once a user's endpoint is infected with advanced malware, criminals can bypass most security layers, including two-factor authentication, device ID systems, risk engines and behavioral analytic systems. Banking malware such as Citadel, Zeus, Dyre and Bugat, incorporate advanced...
British police have arrested a 15-year-old boy in connection with the suspected hack of TalkTalk. Security experts say that if a teenager was responsible, it's going to be difficult for the communications firm to prove that it takes customers' data security seriously.
Genesis: The Nation State APT - Dr. Dale Meyerrose (Major General, USAF, Retired)
Today: The Enterprise as a Target - Glen Jones, (Head of Payment System Cyber Intelligence, Visa)
Many elements of the breaches we now see on a daily basis are firmly rooted in mechanisms developed by nation state adversaries. We...
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