Content by Nick Holland

Why Digital Identity Is Gaining Momentum

Nick Holland  •  October 5, 2020

Digital identity is coming of age as a way to enable COVID-19 contact tracing, crack down on payment fraud and much more, says Tony Craddock of the Emerging Payments Association.

Fighting Card Fraud in a New Environment

Nick Holland  •  September 29, 2020

The COVID-19 pandemic has shifted the dynamic of card fraud in favor of the fraudsters due to the massive increase of online transactions, says Andrei Barysevich of the fraud intelligence company Gemini Advisory. And many fraudsters are using more sophisticated tools, including anti-fingerprinting technology.

Fed Studies Development of Digital Dollar

Nick Holland  •  September 10, 2020

The pandemic has accelerated the shift to e-commerce and raised new concerns about the use of paper money. Jim Cunha of the Federal Reserve Bank of Boston describes a collaborative research project with the Massachusetts Institute of Technology to determine the feasibility of a digital alternative.

Using Artificial Intelligence to Fight Money Laundering

Nick Holland  •  August 26, 2020

Colin Whitmore of Aite Group describes new research findings on using artificial intelligence to help detect and prevent money laundering.

Tracking Card-Not-Present Fraud and Chargebacks

Nick Holland  •  August 25, 2020

Erika Dietrich of the payments system company ACI Worldwide analyzes statistics on how card-not-present transactions, fraud and chargebacks have changed this year, compared to last year.

How Fraudsters Are Adapting to Changes in Payment Methods

Nick Holland  •  August 24, 2020

The COVID-19 pandemic has led to changes in the way payments are made. David Lott of the Federal Reserve Bank of Atlanta discusses how fraudsters are adapting to the changing landscape.

Analysis: The Hacking of Mobile Banking App Dave

Nick Holland  •  July 31, 2020

The latest edition of the ISMG Security Report analyzes the hacking of Dave, a mobile banking app. Plus: Sizing up the impact of GDPR after two years of enforcement and an assessment of IIoT vulnerabilities.

How Criminals Are Using PPE as a Money-Laundering Tool

Nick Holland  •  July 24, 2020

Money launderers are devising new tactics during the COVID-19 pandemic. For example, some are coming up with ways to use personal protective equipment, or PPE, as a form of currency, says Debra Geister, CEO of Section 2 Financial Intelligence Solutions.

The Celebrity Twitter Hack: What Happened?

Nick Holland  •  July 24, 2020

The latest edition of the ISMG Security Report analyzes the hacking of high-profile Twitter accounts. Also featured: Addressing security when offices reopen; the role of personal protective equipment, or PPE, in money laundering during the pandemic.

Analysis: OCC's Decision on Banks and Cryptocurrency

Nick Holland  •  July 23, 2020

Any nationally chartered bank can now serve as a custodian of the cryptographic keys for a cryptocurrency wallet, according to a letter from the Office of the Comptroller of the Currency. James Wester of IDC analyzes the implications.

Managing IT/OT Convergence Risk

Nick Holland  •  July 23, 2020

As information technology and operational technology converge, security leaders face the challenge of protecting the enterprise against advanced threats, says Richard Peters of Fortinet, who discusses how IT and OT teams can find a common language.

A Strategy for Success in an Age of Uncertainty

Nick Holland  •  July 22, 2020

The COVID-19 pandemic has highlighted the need for organizations to quickly embrace change and adapt to the "new normal" to maintain business continuity. Greg Foss of VMWare Carbon Black offers insights on how to adapt and survive.

Securing the Hybrid Cloud

Nick Holland  •  July 22, 2020

To deal with today's dynamic workforce, becoming a cloud-first business is imperative. Anupam Sahai of Unisys and John Bunn of Microsoft discuss how to meet the challenges of securing the hybrid cloud.

Will Banks Be Custodians of Identity?

Nick Holland  •  July 21, 2020

Which entities will be custodians of our identities? David Birch of Consult Hyperion discusses why banks could be likely candidates for this emerging role.

Security for the Remote Workforce in Financial Sector

Nick Holland  •  July 21, 2020

Security awareness and compliance training is an essential component of mitigating risks for the remote workforce in the financial services sector, says Theo Zafirakos of Terranova Security, who outlines key steps.