A leading mobile-based financial services company sought out fraud prevention tools. In the past, fraudsters used that company's customer accounts to funnel money via stolen identities. But with advanced device fingerprint technology, the company could detect multiple accounts created from the same device and suspend...
Leading the latest edition of the ISMG Security Report: A preview of next week's Fraud and Breach Summit in Chicago, which will feature keynoter Brett Johnson, a former cybercriminal who now advises organizations on fighting crime.
Companies offering cybersecurity products are using the terms "artificial intelligence" and "machine learning" in many different ways. But the real meanings of the terms are far more nuanced than marketing hyperbole would lead us to believe, says Grant Wernick of Insight Engines.
Financial institutions and their customers are no strangers to cyber threats, but attacks have evolved and have become specific to different types of organizations; banks, credit unions, insurance companies and private equity groups all face unique challenges. Threats exist from a range of actors including...
As customers spend more and more money online each year, the opportunities for fraud increase in parallel; experts project a loss of $24 billion to payment card fraud by the end of 2018. Payment card fraudsters rely on a sophisticated ecosystem and support network that provides a wide range of credit card details,...
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...
Since mobile banking usage is set to grow exponentially, banks must overcome structural challenges and
reconcile consumers' appetite for ease of use with the desire for greater security.
There are a growing number of fintech startups that have been able to overstep the legacy cost structures
and regulatory...
One of the leading mobile-based financial services targeted at millennials approached Simility to help fight fraud. Simility provided an end-to-end solution which included customized models for their specific needs.
Fraudsters were using the company's customer accounts to funnel money via stolen identities. But...
You know that you've got a problem to solve but how will you address it? More importantly, who will help you address it? This is the crux of the build versus buy debate that companies are currently having with themselves.
While building and buying both have their merits, they also have costs which should be...
Technology, regulations and customer expectations all have evolved, but what does this mean for how organizations secure identities?
This evolution has proven to be a two-sided coin, particularly for financial institutions. It's not only allowing financial institutions to offer new, innovative products where...
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...
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:...
Account opening continues to transition from physical to digital channels, which means financial institutions and other organizations must optimize the digital experience in order to compete. At the same time, fraud is on the rise because of the same benefits enjoyed by consumers: convenience, speed, and ease of...
To build the security controls and resources needed to protect organizations and their employees, it is critical to gain a better understanding of the nature of BEC attacks.
Download this report based on exclusive BEC research and learn
Statistics on BEC attacks by imposter type, SEG, company size &...
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