With the rise of social engineering, large organizations continue to fall for credential-based phishing attacks, which often lead to costly breaches. Traditional multi-factor authentication (MFA) methods are increasingly under attack, and are especially prone to phishing. Join us to learn how to combat...
In the aftermath of the pandemic and global political unrest, the risks
of identity and credential theft have surged, and a deluge of scams are
exploiting the crisis. Consumers facing disrupted incomes seek credit
solutions, and fraudsters seek to exploit them by using application
fraud tactics.
In this eBook,...
Vice President at Appgate, Mike Lopez, offers his expert analysis on the survey findings and how this year's results were unique to the most current cyber threats.
Welcome to our report summarizing the 2023 Faces of Fraud survey. We are most grateful to our 150+ industry contributors who answered our questions frankly to enable us to provide a snapshot of the frauds causing most concern for financial services in 2023.
The data shared in this report, as well as expert...
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
With only 90 early adopters, Federal Reserve's FedNow program faces the challenge of persuading U.S. banks to sign on to the real-time payments initiative launched in July. Experts say the Fed could learn some lessons from successful efforts in Brazil and India.
Inadequate authentication measures leave your digital identity vulnerable to cybercriminals. Tools like multi-factor authentication, biometrics, passwords, PINs, and tokens are all more vulnerable to attacks and social engineering than you realize. And one wrong move leaves you and your organization powerless in the...
Netcraft purchased an online brand protection vendor to incorporate security analysts into the company's highly automated cybercrime takedown process. The deal will expedite the takedown of fraudulent websites by capitalizing on their joint knowledge of the global infrastructure provider landscape.
Synthetic ID fraud is nothing new, but it is expanding beyond fraudulent bank accounts to identity scams for auto loans. Many organizations fail to understand the link between data breaches and fraudulent IDs, said Jason Lord, vice president of product marketing at TransUnion.
The lack of an understanding of what constitutes first-party lending fraud is causing massive losses at banks. Anna Bleazard, head of Singapore and South East Asia in financial crime compliance at FTI Consulting, recommends that banks intervene as early as possible.
BumbleBee is a malware loader that specifically targets Windows computers. Initially discovered in March 2022, it has marked over a year of continuous evolution since its emergence. Since its early stages, BumbleBee was under active development. With consistent refinement and the integration of new features, the...
Insider threats continue to pose significant concerns in today's digital landscape. While malicious insiders have garnered attention due to harmful intent, negligent users often make unintentional mistakes, contributing to potential cybersecurity risks.
FICO research has found that macroeconomic factors can significantly impact fraud trends, and with inflation and fears of a recession looming, banks are facing new threats from fraudsters whose methods are becoming significantly more sophisticated. One of the areas most impacted is first-party fraud, where fraudsters...
FICO released the results of a survey of 1,000 American consumers who were asked to share their perspectives about how financial services organizations manage fraud and identity verification in a digital-first world.
These survey results provide insights on:
How your fraud efforts could be your secret weapon in...
FICO released the results of a survey of 1,000 Canadian consumers who were asked to share their perspectives about how financial services organizations manage fraud and identity verification in a digital-first world. These survey results provide insights on:
How your fraud efforts could be your secret weapon in...
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