Fraud Summit - San Francisco 2014 - Could artificial intelligence have been used to prevent the high-profile Target breach? The concept is not so far-fetched. Organizations such as MasterCard and RBS WorldPay have long relied on artificial intelligence to detect fraudulent transaction patterns and prevent card fraud....
Fraud Summit - San Francisco 2014 - Mobile banking usage and acceptance is growing by 50%. How prepared are banks and technology vendors to mitigate these risks while meeting customer needs? Register for this session to learn first-hand from James Van Dyke of Javelin Strategy & Research:
The latest mobility...
Fraud Summit - San Francisco 2014 - Payment card fraud remains a top challenge for financial institutions. The latest wrinkle: Breached retailers such as Target and Neiman Marcus, whose compromises led to wholesale card fraud. Card issuers absorb increasing losses linked to debit and credit fraud, yet they have little...
Target and other high-profile retail data breaches have captured the attention of executives and policymakers alike. Beyond the financial consequences, there is one positive outcome: a renewed focus by financial institutions and retailers to advance payment system security. In this exclusive session from ISMG's San...
Fraud Summit - San Francisco 2014 - The 2014 San Francisco Fraud Summit closes with some summary remarks and a look ahead. ISMG's Tom Field summarize key takeaways from the day's sessions, with color commentary from noted banking, legal and research leaders. Then our fraud experts draw upon their own experiences to...
Five men indicted this week are accused of an elaborate scheme that lasted more than eight years, fooled at least nine banking institutions and defrauded the IRS of $10 million in tax refunds.
The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
During the webinar we will discuss how logging end-user activity will help you detect malicious activity, see the detail behind a possible threat and improve security measures that deter future threats. Topics will include:
Effective detection mechanisms that provide alerts to potential threats;
How to obtain...
Following a data breach, sensitive information, including credit card data, is often sold through the underground economy. Security experts discuss why it's so difficult to shut down online criminal forums.
Most organizations, including banks, have more data than they know what to do with, says Allison Miller, a cyberthreat and data analytics expert. So why aren't they more effectively using big data analytics for fraud prevention and detection?
The Massachusetts attorney general has launched an investigation into a data breach involving a subsidiary of Experian. Earlier, attorneys general in Illinois and Connecticut announced similar investigations.
Industry analysts are debating why it took retailer Michaels nearly three months to confirm a breach of its point-of-sale network, and they're asking if the breach is linked to others, including those at Target and Neiman Marcus.
Dennis Simmons, retiring CEO of SWACHA, says new career paths are being forged for IT professionals as well as legal experts who have good understandings of cybersecurity and cross-channel fraud in the world of e-commerce.
The breach of e-commerce retailer LaCie is the latest indicator that more fraudsters are targeting online merchants because card-not-present transactions are particularly vulnerable.
Ellen Richey of Visa, keynoter at the April 29 Fraud Summit San Francisco, outlines key card fraud-fighting trends for the year ahead, including the U.S.'s migration toward EMV, greater use of tokenization and heightened fraud detection.
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