The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for Financial Institutions and other AML regulated entities.
How has the AML regulatory climate shifted most...
Can your organization provide a seamless digital experience with immediate account access, and stand up to the highest standards in safeguarding customers’ assets?
When consumers fall victim to fraud, they expect their financial services organization (FSO) to help them resolve the issue. And when the firm...
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Banks and mobile network operators should collaborate to mitigate the risks of SIM swap fraud, which can lead to account takeovers, says Clare Messenger, global head of fraud protection at the U.K. telecom firm JT Group Ltd.
Recent high-profile security breaches have shown how cyber criminals are actively exploiting expanded network perimeters and weak authentication implementations to drive successful identity phishing attacks across financial services. The New York Department of Financial Services Report on the 2020 Twitter hack...
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Leverage Gartner insights to fortify payment fraud prevention strategies
As businesses transform to meet shifting consumer behavior and emerging fraud patterns in digital channels, it’s never been more important to assess the comprehensive financial impact of fraud solutions.
According to Gartner, “In...
SpyCloud has fresh research into account takeover trends and finds that attacks have recently spiked by 300%. Chip Witt explains the trends behind the stats and offers insight into what enterprises often are overlooking in their ATO prevention strategies.
Brand impersonation – it isn’t just a marketing or reputational issue. It’s an InfoSec problem, says Shashi Prakash, CTO and co-founder of Bolster. He describes the growing problem and why security is best positioned to lead detection and response.
In this interview with Information Security Media Group,...
Websites advertising pirated and cracked software are being used to deliver an updated version of the DanaBot banking Trojan, which can steal individuals' online banking credentials, according to Proofpoint.
Why Start With Identity?
As more government organizations move their citizen services to mobile and cloud-based platforms, ensuring the validity of those benefits claims is more important than ever. Many are adopting an identity centric security model as a framework for prevention of risk and fraud.