Fraud Summit - San Francisco 2014 - Banking institutions create and store volumes of data, but integrating and applying that information in a meaningful way has proved challenging. Register for this session to learn first-hand from bit data and analytics experts:
How big data is being used to analyze and detect fraud trends;
The new strategies and skills needed for big data analytics;
The latest technology solutions and how they can serve your business needs.
Organizations today suffer from data overload. Multiple information systems deliver mountains of data about the latest threats, anomalous activities and potential security incidents. But without the proper capabilities, organizations are unable to correlate and analyze this data, then put it to use in a quick, responsive manner.
In fact, in ISMG's latest Faces of Fraud survey, 36% of respondents say difficulty integrating data is their biggest challenge to fraud prevention. And big data analytics is #3 among top anti-fraud investments planned for next year.
But it isn't just a matter of lacking the latest and greatest tools. To analyze big data properly, organizations also need the right mix of strategies, policies and skills.
Allison Miller of Electronic Arts and Russell Thomas of Zions Bank are two pioneers in the emerging field of big data analytics. They are joined here by Andreas Baumhof, Chief Technology Officer of ThreatMetrix, to discuss:
Hype vs. Reality of Big Data - A business perspective on how to get started
and how to succeed;
Operating with Big Data - Implementing a Big Data-driven fraud prevention strategy;
The Importance of Automated Models - Without a well-thought model, the data is meaningless.
ISMG's Fraud Summits are one-day events focused exclusively on the top fraud trends impacting organizations and the mitigation strategies to overcome those challenges.
Baumhof is an internationally renowned cybersecurity thought-leader and expert with deep experience in the encryption, PKI, malware and phishing markets. Baumhof and his ThreatMetrix Labs team have been examining and reverse-engineering banking malware for over six years, giving a unique insight into the evolution of the malware landscape. They don't just see the malware itself, but also the resulting transactions, providing excellent insight into stopping cybercriminals. His commentary has appeared in numerous publications.
Senior Director of Platform Business Operations, Electronic Arts
Miller oversees the business performance of EA's cross-company digital platform. She has over 10 years of experience in designing, building and deploying real-time threat detection and prevention systems. Miller is active in the security community and presents research on fraud prevention and account security issues regularly to both industry and government audiences, including the ITWeb Security Summit, Black Hat and RSA. Prior to joining EA, Miller led Tagged's security and risk management team, managed PayPal's account risk and security team, and was director of product/technology risk at Visa.
Data Scientist, Zions Bank
Thomas has 30 years of experience in the information technology and communication industries, where he has focused on business process improvement, quality, organizational transformation and performance management. He is a founding member of the Society of Information Risk Analysts and has led several proposal teams for advanced research and development projects for the Department of Homeland Security.