Financial malware - that is, malicious software designed to enable fraudulent transactions - is a growing concern for line-of-business executives, heads of retail and commercial banking, leaders of global compliance operations, and risk management officers worldwide. Fraudsters rely upon increasingly sophisticated...
In today's ever changing fraud landscape, much of the currently used statistical-based fraud detection methodology is creating significant challenges for both organizations and end users. These statistical models generate high false positive rates and provide a risk score that does not effectively distinguish...
Mobile banking continues to gain momentum, growing faster than any other banking delivery channel to date. Many financial institutions contemplate expanding capabilities in the mobile channel, but they are concerned about security.
Fortunately, new security measures are available to mitigate the risks associated...
Caffeine junkies are up in arms over reports that criminals have been targeting their Starbucks account balances. But the real story is poor password-picking practices by consumers, and Starbucks' lack of multi-factor authentication.
Learn how to stop fraudsters from wreaking havoc with your online assets
User Behavior Analytics (UBA) is the future of fraud prevention. Once only valued by early adopters, UBA has entered the mainstream as some of the largest companies in the world use this technology to secure their websites from bad user...
Open source software is a game-changer in helping development organizations herd their application security risks. But it can also introduce risk when employed without adequate precautions. Recent evidence suggests that the presence of application vulnerabilities in open source software is a far more pervasive...
In the past year, so-called business email compromise attacks, also known as "masquerading" and "executive impersonation," have emerged as one of the banking industry's greatest wire fraud worries. These schemes threaten to overshadow what the industry previously saw from commercial account takeover incidents.
In...
As recent incidents prove: Retail point-of-sale breaches are on the rise, creating greater payment card fraud headaches for banking institutions. How does the impact of these crimes compare to that of account takeover, check fraud, insider crimes and the emerging realms of virtual and mobile payments? Receive insights...
As various batches of stolen credit card "dumps" are offered for sale with discount structures and money-back guarantees, it is clear just how sophisticated the Fraud Ecosystem has become. The fraudsters and their support teams have created well-organized forums offering a broad variety of products that constitute a...
Most financial institutions used to allow customers to log in to their accounts with a simple username and password. But passwords are notoriously insecure - many users choose weak passwords that can be easily guessed or cracked. In an effort to help strengthen security, large numbers of banks began using a second...
Attitudes about cyberthreat information sharing, as well as attack attribution, have dramatically changed in the last 18 months, says the FS-ISAC's Bill Nelson, a featured speaker at RSA Conference 2015.
Sophisticated cybercrimes and advanced persistent threats are occurring at an alarming rate. Aided by new attack techniques, increased financial support and the ease of exploiting social connections, attackers are having more success than ever before. Traditional security solutions are no longer sufficient to defend...
Recent months have seen significant innovation by cybercriminals in performing banking fraud. A combination of new tools and tactics have challenged traditional fraud controls.
In this live webinar we will review some of the latest threats and how they can best be mitigated:
Use of RATs (Remote Access Trojans)...
With the introduction of sophisticated threats such as advanced phishing and malware, authentication can become less effective. Authentication methods can be bypassed by fraudsters and traditional risk-based authentication solutions can cause many users to be unnecessarily challenged and disrupted, yet do not manage...
Mobile banking continues to gain momentum, growing faster than any other delivery channel to date. Many financial institutions want to expand capabilities in the mobile channel, but are concerned about security. Given the evolving threats, mobile innovation has outpaced the industry's appetite for deploying new...
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