Customer accounts are an integral tool to help merchants foster customer loyalty. But when login credentials are compromised, they present a unique opportunity for fraudsters to commit CNP fraud and steal customer PII. In 2018 alone, Account Takeover attacks resulted in over $11 billion in losses.
The fallout from...
Flat-out, traditional IAM practices are insufficient to secure a modern enterprise that relies on such diverse endpoints and connected devices. But API management can play a strong complementary role, says Jay Thorne of CA Technologies, a Broadcom company.
The advent of faster payments has helped accelerate authorized push payment fraud schemes in which victims are defrauded under false pretenses. Banking regulators are responding to the trend, and Rob Tharle of NICE Actimize offers advice for multilayered defense.
The latest edition of the ISMG Security Report discusses the recent ransomware attack on aluminum giant, Norsk Hydro. Plus, confessions of a former LulzSec and Anonymous hacktivist, and the growing problem of cyber extortion.
But can we ever truly be password-free? What does this mean from a technological and security standpoint? How will this impact the digital identity trust we try to establish with our customers?
Machine learning can play an important role in fraud prevention at financial institutions, says Marc Trepanier of ACI Worldwide, who addresses the challenges involved.
Account takeover is a rapidly growing arena for cybercriminals. How can organizations strengthen both authentication and authorization? Scott Olson of iovation, a TransUnion Company shares his insights.
HSBC Bank is warning some of its U.S. customers that their personal data was compromised in a breach, although it says it's detected no signs of fraud following the "unauthorized entry." Security experts say the heist has all the hallmarks of a credential-stuffing attack campaign.
In an increasingly digital world, where players from virtually all sectors are racing to innovate, the risk of data theft is very real. The payment card industry has defined standards for protecting cardholder account data. But what about other data types? And what can be learned from payment card industry standards?...
There is greater awareness to the proliferation of mobile threats, and yet many organizations still underestimate their own vulnerabilities. Brian Duckering of Symantec discusses the rise and maturity of mobile threat defense.
Organizations and people's security hygiene can be poor, and criminals know it. Fraudulent activity costs are in the billions worldwide across industries, and over 16 million consumers in the US were victims of identity theft or fraud in 2016. Learning to analyze data at the speed of the business will ensure your...
The scale of connectedness we're experiencing is unprecedented. The pace of change and technology advancement in recent years could be compared to another industrial revolution. But the connectedness that allowed us to bring the power and security of the Visa network to each transaction in real time, also created the...
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