Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Digital banking has become the single most effective channel for financial institutions to drive growth, increase revenue and attract new customers. Yet, it also introduces more risk, and cybercriminals are following the money right into the online account opening process.
Today, a staggering 85% of financial...
Account takeover fraud remains an ongoing problem for financial institutions, e-commerce merchants, and virtually any organization that offers products or services that can be monetized. These attacks, helped along by the global pandemic, grew substantially last year as the increased reliance on digital services...
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
The mobile channel saw great user adoption in 2020 – and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Leverage Gartner insights to fortify payment fraud prevention strategies
As businesses transform to meet shifting consumer behavior and emerging fraud patterns in digital channels, it’s never been more important to assess the comprehensive financial impact of fraud solutions.
According to Gartner, “In...
SpyCloud has fresh research into account takeover trends and finds that attacks have recently spiked by 300%. Chip Witt explains the trends behind the stats and offers insight into what enterprises often are overlooking in their ATO prevention strategies.
The mobile channel saw great user adoption in 2020 - and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
Email is still the #1 attack vector the bad guys use. A whopping 91% of cyberattacks start with a phishing email, but email hacking is much more than phishing and launching malware!
Join us as we explore 10 ways hackers use social engineering to trick your users into revealing sensitive data or enabling malicious...
Mitigation of identity fraud requires a combination of technologies that complement one another and are easy to manage. Adding a new solution requires looking beyond fraud management to the customer experience, including all stages of the customer lifecycle. It is critical to have safe and secure customer onboarding,...
A Florida man has been sentenced to 37 months in prison after pleading guilty to a federal laundering money charge stemming from a $9 million business account takeover scheme, according to the Justice Department.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.