Armed with billions of stolen records, fraudsters create synthetic identities to apply for credit cards, loans, and other types of credit causing unprecedented losses to financial institutions.
Download this brief to find out how to block application fraud from the start.
The mobile and online channels are the future; being able to authenticate returning customers and determine who new applicants really are will be essential to successfully expanding product offerings in high-risk digital channels.
Download this whitepaper which explores:
How payment innovation is impacting fraud...
Application fraud continues to be a significant problem for FIs across the U.S. As identity crimes continue to grow, it is increasingly difficult for FIs to determine who they are dealing with in all delivery channels.
Download this whitepaper to learn the effects of online application fraud in the banking industry...
A Texas resident has been sentenced to 12 years in federal prison for hacking into the Los Angeles Superior Court computer system and sending out approximately 2 million phishing emails to steal hundreds of credit and payment card numbers.
A Singapore man allegedly ran a large-scale cryptocurrency mining scheme that involved using stolen identities to access Amazon and Google cloud computing resources, according to a 14-count U.S. Justice Department indictment.
123456, password, password1: These are a few of the top passwords used by Fortune 1000 employees whose passwords and personally identifiable information have been exposed in third-party breaches. While the dangers of easy-to-guess passwords are well-known, even employees at top companies are guilty of bad password...
Nation-state attackers have been targeting known flaws that customers have yet to patch in their Pulse Secure, Palo Alto and Fortinet VPN servers, Britain's National Cyber Security Center warns, adding that any organization that didn't immediately apply patches should review logs for signs of hacking.
A large-scale banking botnet has targeted approximately 800,000 Android devices belonging to Russian citizens since at least 2016, according to a new research report by a trio of cybersecurity researchers.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.
Account takeover continues to be a
lucrative path for fraudsters across all
industry sectors. But Scott Olson of
iovation says there are different levels of
defense that can be deployed, based on
the risk of specific types of transactions.
Download this eBook to learn more about:
The different manifestations...
You know that "security awareness" is key to a comprehensive security strategy. But just because someone is aware doesn't mean they care. So how can you design programs that work with, rather than against, human nature? Here's the great news. Creating a security awareness strategy that not only educates, but...
Russian national Andrei Tyurin, who was extradited last year from Eastern Europe to the United States, has stated that he plans to accept a plea deal he's reached with federal prosecutors. Tyurin has been charged with numerous crimes, including hacking JPMorgan Chase and stealing 83 million customer records.
Barracuda is out with its latest Spear Phishing Update, and among the key findings: a rise in email account takeover and lateral phishing. Why are enterprise defenses failing to detect these strikes? What new solutions will improve defenses? Barracuda's Michael Flouton shares insights.
This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.