The easy availability of tools for designing face-swapping deep-fake videos drove Symantec security researchers Vijay Thaware and Niranjan Agnihotri to design a tool for spotting deep fakes, which they described in a briefing at the Black Hat Europe 2018 conference in London.
The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
While unsupervised machine learning techniques get away from the data labeling and classification that most supervised systems require, they are dependent on the quality and variety of the data provided, says Gartner's Jonathan Care.
For banks, combating fraud is an ever-escalating arms race. If
your bank is investigating anti-fraud solutions to stop fraud
losses, lower false positives, or reduce manual workload, join
this webinar. Our fraud experts will explain the top 10
technology requirements to consider - as well as their...
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
Scan4You, a notorious cornerstone of the cybercrime-as-a-service economy that allowed malware developers to more easily create code to bypass anti-virus defenses, has been dismantled, and its Latvian technical administrator has been slammed with a 14-year U.S. prison sentence.
Cybercrime is a business and, like any business, it's driven by profit. But how can organizations make credential theft less profitable at every stage of the criminal value chain, and, in doing so, lower their risk?
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