Using technology to devalue card data, and leveraging data analytics, are essential to efforts to crack down on fraud, Visa's Ellen Richey said in her keynote presentation at the San Francisco Fraud Summit.
Scores of banking/security leaders gathered at the SF Fraud Summit to learn from the nation's leading experts on topics such as account takeover, big data analytics, insider risks and payment card fraud.
Phishing attacks targeting telecommunication companies' customers, which result in account takeovers, are on the rise, federal authorities warn. Security experts offer analysis of the trend as well as mitigation advice.
Cloud-based advanced threat protection helps organizations detect sophisticated malware that is able to bypass existing security measures. The key is to start with the premise that the network is already infected, says Seculert's Dudi Matot.
Faced with a vulnerability that exposes Microsoft's Internet Explorer Web browser to a zero-day exploit involved in recent targeted attacks, CISOs need to take prompt action, security specialists say. Learn the steps they recommend.
Paul Kleinschnitz, general manager of payment processor First Data's cybersecurity solutions team, says there are plenty of technologies to address payment card security, but cyberthreat awareness is still lacking.
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
The fact that the U.S. federal government would, under some circumstances, exploit software vulnerabilities to attack cyber-adversaries didn't perturb a number of IT security providers attending the 2014 Infosecurity Europe conference in London.
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.
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.