The lack of an understanding of what constitutes first-party lending fraud is causing massive losses at banks. Anna Bleazard, head of Singapore and South East Asia in financial crime compliance at FTI Consulting, recommends that banks intervene as early as possible.
In the post-digital transformation world - and in advance of the coming of quantum computing - it's time to future-proof cybersecurity by nurturing a culture of security. Dean Coclin of DigiCert discusses how banking institutions can embrace this change.
Firms across banking and capital markets are looking to leverage the emerging advancements in AI that promise to dramatically improve everything from risk management to operational efficiency to the customer experience. As businesses begin to deploy AI more broadly, it is important to build a strong foundation that...
Welcome to the webinar summarizing the survey: Critical Gaps in
Securing Identities. This survey was conducted in Q1 and 2 of 2023, and attracted more than 200
responses from senior cybersecurity professionals.
More than just survey results, this OnDemand webinar offers:
The top organizational challenges in...
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Alisdair Faulkner of security and fraud prevention startup Darwinium discussed how the FedNow Service will add a layer of complexity to defending against real-time financial fraud scams used in faster payments transactions.
Collaborative AI - the process of one AI model learning from another - is one of the most effective ways for financial institutions to fight the sophisticated techniques fraudsters use for scams, said Johan Gerber, executive vice president of security and cyber innovation at Mastercard.
An evolution in transaction monitoring is required to accurately detect suspicious activity and truly reduce false positives.
This comprehensive guide helps you quickly assess your program’s current state and identify opportunities for improvement. By updating processes, implementing the right tech, and closing...
For banking and financial organizations, protecting sensitive customer data and meeting compliance requirements for regulations is critical. Balancing those requirements with the speed of business and demands of modern banking can be a challenge.
As you update your cybersecurity plans and data breach prevention...
In the latest weekly update, Troy Leach, chief strategy officer at Cloud Security Alliance, joins ISMG editors to discuss preparing for new regulations, new requirements for third-party cloud penetration testing, and the opportunities and risks of AI in the financial sector.
A finalist in RSA Conference's prestigious Innovation Sandbox contest completed its first major funding round to extend its capabilities from code security to pipeline security. Endor Labs got $70 million to move beyond protecting open-source software and get into locking down the CI/CD pipeline.
Synthetic ID fraud has moved beyond business-to-consumers to business-to-business fraud as more bad actors are opening fraudulent commercial accounts at financial institutions, said Dori Buckethal, vice president of risk and fraud solutions at Thomson Reuters.
The highly active, North Korea-linked Lazarus Group is targeting unpatched Microsoft Internet Information Services servers to escalate privileges and distribute malware. Researchers spotted the group using watering hole techniques to fool victims in South Korea.
It used to be a stray printer on a network, but today shadow IT comes in all shapes and sizes - and poses serious security threats. Jeff Keating and Jaineesh Davda of FormAssembly discuss how to manage shadow IT and protect your critical data.
Fraudsters are always looking for new ways to shift funds from their schemes into their accounts—that’s where mules come in. Until now, there’s never been a real-time solution for detecting money mule activity. Download this comprehensive guide to uncover the strategies for detecting mule-related accounts,...
Now that the long-awaited FedNow faster-payment program is operating, experts debate whether U.S. financial institutions will embrace the payment ecosystem and whether the Federal Reserve and the banking industry can overcome implementation challenges and mitigate cybersecurity and fraud issues.
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