Today’s sophisticated cyberattacks combine multiple tactics that include social engineering, zero-day malware and 3rd party OAuth app abuse. Threat actors employ tactics across email, cloud and web that target specific people in your organization to breach your environment and access sensitive data. Hybrid work...
Expectations for AML Responsible Officers and their operational teams are increasing in response to the combination of new techniques for money laundering, organised crime, geopolitical issues and new actors. To meet these increased expectations, operational resilience and sustainability using intelligent analytics...
PIPEDREAM is the seventh known ICS-specific malware. The CHERNOVITE Activity Group (AG) developed PIPEDREAM. PIPEDREAM is a modular ICS attack framework that an adversary could leverage to cause disruption, degradation, and possibly even destruction depending on targets and the environment.
Dragos assesses with...
In order to keep pace with the card fraud threat landscape, financial institution CISOs must continually refresh their awareness and understanding of card fraud tactics, techniques, and procedures (TTPs). Even for the novice cybercriminal, there are few barriers to entry and near-infinite resources in illicit forums...
Findings from the latest LexisNexis® Risk Solutions Cybercrime Report revealed that between July-December 2021, the mobile share of transactions in the LexisNexis® Digital Identity Network® reached 75% for the first time, as app-based transactions become the predominant means by which consumers transact globally. ...
Two 20-year-olds have been charged in the U.S. for conspiring to commit wire fraud and launder money as part of a million-dollar scheme involving non-fungible tokens - or NFTs. The charges each carry a maximum sentence of 20 years in prison.
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
U.S. officials say that while it would be nearly impossible for Russia to "flip the switch" and convert to cryptocurrency to stabilize its sanctioned economy, they caution that Russian elites and entities may yet try to skirt the measures by transferring and obfuscating funds across the blockchain.
The accelerated consumption of digitized services has not only changed the banking landscape - it has affected anti-money laundering risks and defenses. David Stewart and Paul Franks of SAS weigh in on emerging risks, defenses and shifts in the AML compliance landscape.
The Department of Justice has named Eun Young Choi as its first National Cryptocurrency Enforcement Team's director, and the FBI formed the Virtual Asset Exploitation Unit to assist with blockchain analysis for theft and extortion crimes that have connections to crypto.
Understanding customer identities in the digital world is no easy feat: In the US, the average household has 10+ connected devices, and the average adult has 4 credit cards and over 100 online accounts.
Fraud teams must cut through the clutter to single out good and bad users, regardless of how many devices,...
With the rapid changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge.
Retail and merchant fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices, accounts, profiles, and...
With the increased global focus on anti-money laundering (AML) and countering the financing of terrorism (CFT), regulatory agencies around the world are tightening restrictions, broadening their reach and putting additional compliance burdens on companies who do business in their jurisdictions.
The new year brings...
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