If there’s anything 2022 can teach us, it’s that fincrime Is unpredictable.
This year has been shaped by rapidly changing fraud activities and scams… and increasingly brazen fraudsters. Neither individuals, businesses, government entities, nor financial institutions (FIs) are exempt from the velocity and...
Fake gains in fake cryptocurrency investment accounts are meant to keep victims participating in a scam known as "pig butchering," which is a mounting threat in English-speaking countries. The scam begins with cultivation of an intimate online relationship.
Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
In the modern world, we log in and out of more accounts than we can keep a count of. During and after logging in, these windows provide tenacious fraudsters the chance to create fake accounts, and compromise legitimate user accounts.
There is a number of ways to counter these fraudsters, one such way is the...
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino join ISMG editors discuss the first California consumer protection fine issued against retailer Sephora, defending against new ransomware tactics, and mitigating the impact of Zelle scams.
A phishing and fraud prevention vendor has bought a startup founded by Qualys' longtime engineering leader to help organizations more effectively discover and monitor assets. Red Sift says its purchase of Hardenize will help customers assess the security of their digital asset inventory.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.
Millions are spent on security operations centers — in tools, processes, and people — yet we still have million-dollar problems.
It’s not from a lack of passion or effort from security analysts and responders in the SOC; it’s often due to an efficacy gap and a lack of adversary alignment. The leading...
Passwords are supported everywhere. But, says Andrew Shikiar, executive director of the FIDO Alliance, "they have been proven time and time again to simply be unfit for today's networked economy." In this episode of "Cybersecurity Unplugged," Shikiar discusses how to move beyond passwords.
Managed service providers (MSPs) need an effective business continuity and disaster recovery (BCDR) solution to restore data and operations quickly, without sacrificing margin.
That means industry-leading recovery technology from a vendor that is there to support you 24x7x365, no matter what.
Download this eBook...
WAFs provide a critical security control for managing risk while supporting your financial institution's goals.
As digital transformations that are enabled by apps become business initiatives driven by apps, WAFs must protect all of the organization’s apps—across architectures, clouds, deployment models, and...
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