The accelerated consumption of digitized services has not only changed the banking landscape - it has affected anti-money laundering risks and defenses. David Stewart and Paul Franks of SAS weigh in on emerging risks, defenses and shifts in the AML compliance landscape.
SecurityScorecard provides analysis of organizational cyber hygiene through a rating system, while LIFARS, a digital forensics firm, has offered witness testimony for major federal cybercrime cases involving nation-state threat actors. CEOs for both firms tell ISMG why their merger is significant.
This report is based on a survey of security professionals that covers the state of
security automation. Findings include the revelations that incident response teams
remain relatively small and tend to handle a sizable share of incident response
processes in-house.
Automation is taking place, but it appears to...
The U.S. Internal Revenue Service says it will pull back plans to use facial recognition for authentication of new users of its online accounts. The move comes amid concerns from Congress members and privacy advocates about cybersecurity, software bias and third-party transparency issues around the IRS' proposal to...
Understanding customer identities in the digital world is no easy feat: In the US, the average household has 10+ connected devices, and the average adult has 4 credit cards and over 100 online accounts.
Fraud teams must cut through the clutter to single out good and bad users, regardless of how many devices,...
With the rapid changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge.
Retail and merchant fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices, accounts, profiles, and...
Organizations today need to rethink how cloud security not only drives stronger predictions, but adds value with ease of use. Learn how you can stop the most evasive attacks automatically with adaptive security.
We thought it was bad enough when traditional ransomware started to steal data in its second generation of evolution, now dubbed "double extortion". The third stage of ransomware is beginning to happen now and will make us wish for the good, old days of Ransomware 2.0.
Attend this presentation to learn how...
Ransomware—that insidious menace threatening every entity no matter its size or industry—took several dark turns in 2021, all intended to magnify its impact. Attacks on major supply chain players reverberated throughout the economy, the continued rise in ransomware-as-a-service (RaaS) gave more criminals the...
Fraud teams at many enterprises overlook refund fraud because it is considered part of customer service, says Brett Johnson, a consultant on cybersecurity, cybercrime and ID theft who was a central figure in the cybercrime world for over 20 years. He discusses why they should be addressing it.
The industry rate of fraud loss for credit unions is 1 in every 700 calls. This means you could be losing thousands, if not millions, of dollars annually to fraud attacks. By implementing protections to fraud calls, you can slash average hold times.
Download this case study to find out how implementing anti-fraud...
In the fight against fraud, there may be no better weapon than sharing knowledge. Unfortunately fraudsters also know this all too well and hence can take advantage of gaps in knowledge to bypass security controls, ultimately taking over an account, or gaining access to a credit line or card account.
Download this...
Michael Lines is working with ISMG to promote awareness of the need for cyber risk management. As a part of that initiative, CyberEdBoard posts draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This chapter is "Recognize the Threats."
The challenges facing fraud executives in commercial banking won’t get easier any time soon. One financial institution cites they track it closely and have seen a 17% increase per year for the past 10 years.
Aite Novarica covers the latest fraud trends in 2021 and how continued investment in and evolution of a...
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