How can a financial institution spot a true customer from an impostor in the digital world? Cybercriminals leave footprints for fraud experts that are markedly different than true customers.
Download this whitepaper and learn about fraud clues such as:
The use of a pre-paid SIM card;
Automated or industrial...
There are several fraud vectors by which open banking can be exploited by fraudsters. Cybercriminals are now experts at exploiting these technologies and processes meant to benefit financial institutions and their clients.
Download this whitepaper and learn how banks are vulnerable to fraud when:
Open banking has completely transformed banking and customers' expectations. However, just as the open banking era makes business easier for customers, it also enables new opportunities for fraudsters.
Download this whitepaper and learn:
What open banking means for institutions, customers and fraudsters;
As cyber-crime evolves, attacks are complex and creative, and often tailored to the targeted industries and organizations. Therefore, to respond appropriately, one must engage in advanced threat hunting that takes the human factor in consideration.
Today, most of the cyber security community focuses on technical...
Like its mythological namesake, the source code for Zeus malware appears to be immortal. New variants continue to surface, including the Terdot banking Trojan, which is also designed to steal email and social networking credentials while remaining hidden.
HyphBot botnet malware is forcing infected PCs to sneakily view high-priced video ads, allowing fraudsters to reap upwards of $1.3 million in daily ad spending, a Danish advertising technology firm warns. The scheme highlights the challenges facing online advertisers seeking legitimate viewers.
Give crooks credit for topicality: They remain loathe to miss a trick. Indeed, hardly any time elapsed after Uber came clean about the year-old breach it had concealed before crack teams of social engineers unleashed appropriately themed phishing messages designed to bamboozle the masses.
With a rise in incidents of omnichannel financial fraud globally, financial institutions need to enhance their ability to detect fraud - while also reducing technical complexity. Maxim Shifrin of IBM Trusteer discusses new solutions.
As third-party companies are introduced into the banking ecosystem, they add a new layer of complexity and potential opportunity for fraud, because they detach the bank from direct interaction with the end user. The new applications and services that are developed expand the fraud potential exponentially, and can...
Financial organizations need to more accurately assess risk in the open banking environment. It's not enough to just get any generic analytics engine that can incorporate data from different interaction channels. A bank's fraud team must be able to identify cybercrime risk, payment risk and customer behavior, in...
How can you battle scammers and fraudsters as well as foster trust and protect the brand? For Gumtree - Britain's largest online classifieds platform, owned by eBay - the answer is simple: trial and error, says fraud communications manager Fergus Campbell.
Rare, massive data breaches don't necessarily pose the greatest risk to organizations, according to a new study co-authored by Google researchers. Also beware of quiet pedestrian schemes - think phishing, keyloggers - and attack tactics unchanged since the mid-2000s.
Fraudulent SWIFT money-moving attacks continue, as one of Nepal's largest private-sector commercial banks, NIC Asia Bank, says attackers tried to steal $4.4 million after hacking its SWIFT server. Most of the funds have since been recovered.
In the past decade, financial institutions have undergone a significant digital transformation - delivering new levels of customer convenience and services through online and mobile channels. However, this represents just the beginning of an even greater change.
Read this white paper to learn more about...