Risk Analytics

While we begin 2019 with fresh optimism, we can’t ignore the hard reality that continues to plague the financial industry. Cybercriminals remain focused on account takeover (ATO), new account fraud, and card-not-present fraud. Results of the 2018 Identity Fraud report by Javelin Strategy & Research revealed significant growth in account takeover, with the number of attacks tripling in the past… Read more

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Security Trends 2019

To help banks and financial institutions (FIs) anticipate and respond to cybersecurity trends in 2019, we’ve brought together some of our top security, technology, and industry experts. Here we share predictions for 2019, along with our thoughts on the technologies of choice critical to building digital trust and customer loyalty. This year, the impact of regulatory change tops our list… Read more

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Fraud Trends 2019

Cyberattacks on banks and financial institutions (FIs) are growing in volume, complexity, and speed. According to Forbes, cyberattacks target financial services 300 times more often than other industries. “While the typical American business is attacked 4 million times per year, the typical American financial services firm is attacked a staggering 1 billion times per year,” the business magazine reports. That… Read more

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The fourth quarter is a time when many financial institutions are deep into strategic planning for the coming year. Whether you are on the business or security side of the house, it is the time to re-evaluate how to protect and simplify the customer experience with the right security technologies, increase customer loyalty, and reduce exposure to fraud and data… Read more

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UK Fraud Regulation

Banking transactions are rapidly moving online, offering convenience to customers and allowing banks to close branches and re-focus on marketing more profitable financial products. At the same time, new payment methods, like the UK’s Faster Payment System, make transactions irrevocable within hours, not days, and so let recipients make use of funds immediately. However, these changes have also created a… Read more

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Mobile App Shielding

We regularly host webcasts on topics such as mobile app shielding, fraud, authentication, RASP and risk analysis to provide guidance on how to protect your customers and data. If you missed our latest webcast, Delivering Trust Through Mobile App Shielding and Hardening, here is the 5-minute summary. The full presentation is available on-demand. As mobile devices and apps proliferate, organizations are increasingly… Read more

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According to a recent survey by Accenture, banks experience 85 attempted breaches on average each year. More than a third are successful in stealing sensitive information1. In 2017, those attempts ranged from account takeover fraud to mobile banking Trojans that enabled hackers to steal funds from victims’ bank accounts. Attacks such as Distributed Denial of Service (DDoS) — per Verizon,… Read more

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Faces of Fraud

Analysts wonder whether recent hacks like that of Equifax might serve as the tipping point for banks to rollout new anti-fraud measures, while in tandem, more than half of financial institutions surveyed lack confidence in their current ability to detect and prevent fraud. At least that’s what the 2017 Face of Fraud Survey, conducted by ISMG, experts in risk management… Read more

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Top 5 Security Stories in 2015

2015 was a remarkable year in the IT security area. There was never a dull moment with novel attack methods, new enemies, massive breaches of healthcare organizations and the OPM, Hacking Team’s embarrassing takedown, and cars and toys becoming targets. Hard to imagine it all fit into just 365 days and it doesn’t look like it will slow down one… Read more

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The Three Laws of Cyber Fraud

Last week I attended the RSA Conference in San Francisco, which is probably the largest yearly cyber security conference and trade show in the world with about 22,000 attendees nowadays. One of the most popular sessions at the conference is the Cryptographers’ Panel, during which some of the founding fathers of modern cryptography discuss trends in research and cyber security in general. This… Read more

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