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...
How can we future-proof against fraud? Keith Carlson, general manager of payments and fraud prevention at Amazon Web Services, discusses the people, skills and technologies necessary to prevent fraud - and prepare for the unexpected.
In spite of all the news about advanced persistent threats and targeted hacks from nation-states, the most common security challenge facing enterprises today continues to be social engineering.
Successful hackers know the user is the weakest link in the security chain. Email phishing campaigns have proven to be...
With the explosion of laptops, IoT, tablets, smartphones and other smart technologies, endpoints are the single largest group of devices inside your network today. Managing all of your assets and their software requires three foundational steps.
We all know that our organization's data may exist on the dark web. Much like a dollar bill of any demonetization looks and feels basically the same, a $1 bill is not worth the same as a $50 or a $100, your organization's potential risk equates to how much your exposed data is worth.
So, how do organizations...
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
To the surprise of many, $120 million allocated by Congress since late 2016 to help the State Department combat foreign governments' U.S.-focused propaganda and disinformation campaigns hasn't been spent. Meanwhile, midterm U.S. elections are fast approaching.
Regulators are struggling to keep up with the proliferation of online trading schemes. Here's the story of an Australian woman who lost AU$63,000 on a platform called Millennium-FX. She is trying to recover her money, which ended up in an account controlled by a 30-year-old Russian man who lives in Cyprus.
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience.
How do you offer that great customer experience without compromising security, authentication and trust?
In a discussion...
As of Q1 2018, the global cybersecurity community finds themselves inundated with both internal and external advanced threat actors who are stealthier, more resilient and sadly, more effective than they have ever been before. Many organizations are coming to terms with deciding whether their security posture is...
The dark web is often discussed vaguely or inaccurately, but is a key enabler of the fraud economy, as a streamlined source of trade in payment card and personal data. On the dark web, cyber criminals have developed a "supply chain" of fraud: professionalizing the process, operating enterprises at scale, and passing...
The digital shift is increasing the need for more sophisticated privacy and data protection measures. Several major institutions have seen their information security compromised in recent years as cyberattacks and fraudulent activity show no sign of slowing down. With PSD2 regulations now in effect, companies are in...
Australia is the latest country to roll out real-time payments, where funds from an account at one bank reach an account at another bank in seconds. While convenient, the system poses fresh fraud challenges and consumer protection concerns.
How Are Leading Institutions Finding the Balance Between Effective Cybersecurity and a Seamless Customer Experience?
It's every banking institution's quandary: How do you introduce the right cybersecurity controls to protect customer accounts and transactions - but without introducing new hurdles that might...
Card fraud, account takeovers, business email compromises and emerging cybersecurity regulations and risks have kept, and continue to keep, plenty of CEOs and CISOs up at night. While it's impossible to focus time, energy and resources on all of today's fraud and cybersecurity risks, wise banking executives have...
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