From open banking to emerging technology and the evolving needs of a new generation of on-the-go customers, financial institutions are experiencing unprecedented change. This means the use of advanced technology is on the rise as every institution searches for the next big thing to maintain a competitive edge.
How...
This case study illustrates how Digital Shadows helped the head of threat intelligence at a bank discover a user on the dark web claiming to be a bank employee selling access to high net worth individual's accounts. The fact that the seller appeared to be an employee, this threat was of heightened priority to this...
Insider threats aren't going away, but the introduction of machine learning and AI are proving to be powerful tools in the fight, says Randy Trzeciak of Carnegie Mellon University's CERT.
As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete while simultaneously mitigating fraud risk that is on the rise thanks to some of the same digital channel benefits enjoyed...
When insider threat researcher Randy Trzeciak looks at artificial intelligence and machine learning, he sees the potential for technology to help organizations predict potentially dangerous insider behavior - not just respond to it.
When it comes to fraud prevention, many organizations overlook the insider threat - both the malicious actor who intends to commit fraud, as well as the accidental insider who makes a mistake or is taken advantage of by an external entity? The CERT Insider Threat Center at Carnegie Mellon University is one of the...
Insiders with access to paper records can pose a serious fraud threat, as recent guilty pleas in an Oklahoma healthcare case illustrate. Experts offer advice on addressing the insider threat.
As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete. At the same time, fraud is on the rise thanks to some of the same digital channel benefits enjoyed by consumers:...
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
The Securities and Exchange Commission and the Department of Justice have both charged Jun Ying, a former CIO at data broker Equifax, with engaging in illegal insider trading after he determined that his employer had suffered a massive breach.
On average, 49 per cent of users admit to having shared their network password with at least one other user.
So, as employee numbers grow, an organisation's vulnerability to insider threats increase dramatically. This can cause long term damage, taking months or even longer to protect.
This report explores the...
Now that it's been confirmed that an insider at Punjab National Bank paved the way for $1.8 billion in fraudulent transactions, RBI, the nation's central bank, is reiterating the need to strengthen security measures tied to SWIFT interbank transactions, and security experts are offering risk mitigation advice.
Authentication innovation is still in its infancy, and most companies are still combining more traditional passwords and PINs with cutting edge
biometrics or contextual decisioning methods. The combination brings new capabilities to multi-factor authentication, but doesn't necessarily produce the best possible...
As threats and attacks become more frequent, the alerts and alarms to be investigated become more unmanageable. Plus, by the time the warnings are checked, the damage may already be done. We need a new paradigm that moves the enterprise from reactive to predictive. Can user behavior analytics and machine learning...
True "next-generation" multi-factor authentication (MFA) platforms should be well equipped to manage the customer experience while providing the right level of security assurance at the right time, anytime.
Download this e-book and learn ten criteria to look for in a robust MFA platform, including:
Decentralized,...
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