Training

The Faces of Fraud: Fighting Back

The Faces of Fraud: Fighting Back

**Live Event in private suite at RSA Conference - Conference passes NOT required to gain admission**

From skimming and POS attacks to ACH fraud and payment card hacks, 2010 was "The Year of Fraud," and the year's incidents left banking institutions and their customers anxious for new solutions to prevent fraud in all its forms.

In response to the growing fraud threats - and to the demand for new solutions - Information Security Media Group just concluded its latest survey, "The Faces of Fraud: Fighting Back."

Attend this session to learn more about:

  • The Faces of Fraud: Today's top threats to banking institutions;
  • Cross-Channel Fraud: Why banks fail to detect it;
  • Resources: Where institutions are investing in 2011.

Guest Speaker: Special Agent Stephen Nix, United States Secret Service, Cyber Intelligence Section.

Background

This exclusive sneak preview is a live event for invited guests at RSA Conference 2011.

Payment cards, bogus checks, phishing and vishing scams - we know what today's top fraud threats are to financial institutions. But how are these organizations fighting back? What are the most successful strategies for detecting and deterring threats, as well as educating customers? In which technologies are institutions investing in 2011?

These questions - and answers - are the basis of this exclusive session reviewing the results of the new survey, The Faces of Fraud: Fighting Back.

Administered electronically by Information Security Media Group (ISMG), publisher of BankInfoSecurity.com and CUInfoSecurity.com, this survey was crafted with guidance from industry thought-leaders, with a mission to:

  • Gauge the scope of the multi-faceted fraud threat to U.S. banking institutions;
  • Measure the industry's preparedness for evolving threats;
  • Identify specific strategies and solutions employed by banking/security leaders to fight fraud;
  • Predict the emerging technologies and strategies where institutions are investing their resources.

From bogus ACH transactions to ATM skimming and to identity theft via payment cards and deposit accounts, the forms of fraud haven't changed in recent years. But the scale and coordination of these attacks has evolved, and banking institutions today find themselves facing not just individual fraudsters, but sophisticated criminal rings that are constantly probing for new ways to hack into consumer and commercial accounts via all available channels.

News headlines have been dominated by ATM skimming sprees, the ACH epidemic and the aftermath of the Heartland Payment Systems breach - the largest financial hack ever reported. But behind the scenes, institutions are just as concerned with check, first-party and mortgage fraud, malware proliferation, as well as emerging threats in mobile banking and social media. Beyond the actual threats, institutions are similarly challenged by a lack of resources to fight fraud, as well as a dearth of guidance from regulators and associations re: common threats, successful strategies and emerging solutions.

The discussion of the Faces of Fraud survey will review this complex threat landscape, analyzing:

  • Which are the most common forms of fraud being experienced today?
  • Where do institutions feel most - and least - prepared to fight fraud?
  • What are the technology solutions that organizations need now to help detect and prevent fraud?

In addition to the survey results, Special Agent Stephen Nix, United States Secret Service, Cyber Intelligence Section, will be present to engage in dialogue with attendees. Nix fights fraud on the international front lines, and he is eager to exchange insights on the latest trends.

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