A leading mobile-based financial services company sought out fraud prevention tools. In the past, fraudsters used that company's customer accounts to funnel money via stolen identities. But with advanced device fingerprint technology, the company could detect multiple accounts created from the same device and suspend...
This white paper looks at how payment innovation is impacting fraud departments and the growing importance of removing friction to improve the customer experience. The mobile and online channels are the future; being able to authenticate returning customers and determine who new applicants really are will be essential...
Magecart, the criminal group behind the recent data breach at certain Ticketmaster websites, may have also hit the company's sites in Australia, New Zealand, Turkey and Hungary, according to RiskIQ, which says the group's digital payment card skimmers may also affect as many as 800 other e-commerce sites.
Aite's Julie Conroy calls it a "perfect storm." In the post-EMV U.S., and in the wake of massive data breaches and the move to mobility, financial institutions are besieged by a new flood of new account fraud. How can data analytics help them improve fraud prevention?
If 2017 was the year of ransomware innovation, 2018 is well on its way to being known as the year of cryptocurrency mining malware. Numerous studies have found that the most seen malware attacks today are designed for cryptojacking. But while ransomware campaigns may be down, they're far from out.
Cryptocurrency money laundering is increasing dramatically, being already three times greater than in 2017. And we're only half way through the year, observes Dave Jevans, Founder and CEO of CipherTrace, and chairman of the Anti-Phishing Working Group.
What are hot cybersecurity topics in Scotland? The "International Conference on Big Data in Cyber Security" in Edinburgh focused on everything from securing the internet of things the rise of CEO fraud to the origins of "cyber" and how to conduct digital forensic investigations on cloud servers.
Leading the latest edition of the ISMG Security Report: An analysis of how distraction tactics were used during a $10 million SWIFT-related hack at Banco de Chile. Also, a wrapup of Infosecurity Europe.
Banco de Chile has become the latest victim of a SWIFT-related malware incident. Attackers first corrupted thousands of PCs' master boot records as a distraction. Then they used fraudulent SWIFT messages to steal $10 million.
South Korean cryptocurrency exchange Coinrail says hackers stole 30 percent of all of the cryptocurrency tokens it was storing, but many have been successfully frozen or recalled. Security experts say cryptocurrency exchanges remain poorly secured, so they're popular targets for hackers.
Leading the latest edition of the ISMG Security Report: Our exclusive report on an Australian criminal investigation into a company that apparently swiped cryptocurrency using a software backdoor. Also, cutting through the hype on artificial intelligence and machine learning.
Restaurant reservation service OpenTable aims to create an amazing dining experience for its millions of users.
Sift Science enabled OpenTable to scale a highly successful digital gift cards program without increasing risk.
Read the case study to learn how to:
Limit manual review;
Move from a manual...
Australian police in Queensland are pursuing a criminal investigation into what may be one of the first instances of a company swiping cryptocurrency using a software backdoor after a business deal went bad.
Financial institutions and their customers are no strangers to cyber threats, but attacks have evolved and have become specific to different types of organizations; banks, credit unions, insurance companies and private equity groups all face unique challenges. Threats exist from a range of actors including...
The alluring promise of gold inspired almost half-a-million to risk it all and rush to California in the mid-20th century in hopes of striking it rich. Although gold mining was fruitless for the most part, cunning opportunists profited off of desperate '49ers by selling synthetic gold or mines of no real value. A...