The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Nearly two thirds (65%) of large financial organizations have suffered a cyber-attack in the last 12 months, according to data security provider HelpSystems’ survey of 250 CISO/CIOs across the globe.
As financial CISO/CIOs consider the next three years amid Covid-19 uncertainty, it creates a huge cybersecurity...
When it comes to finance, mobile banking or payments apps, maintaining customer trust is crucial to protecting brand equity and revenue. Cloud technology has eliminated the traditional network perimeter, leaving unsecured mobile endpoints vulnerable to attack. According to recent analyst research, mobile finance apps...
When it comes to finance, mobile banking or payments apps, maintaining customer trust is crucial to protecting brand equity and revenue. Cloud technology has eliminated the traditional network perimeter, leaving unsecured mobile endpoints vulnerable to attack. According to recent analyst research, mobile finance apps...
When he co-founded ThreatMark nearly six years ago, Michal Tresner saw it as a threat detection solution for online banking. Very quickly, he realized the future was in behavior profiling and fraud prevention. Tresner discusses the emergence of this science and biometrics technologies.
Everything flowing through today’s banking market is connected by technology, and the critical role security plays in the way data and assets are protected. Customers need a trusted source of identification. Regulations are redefining the way information is used, stored, and shared, while financial institutions are...
Banking institutions are seeing a significant spike in
multichannel financial crimes. Data and analytics can be
key differentiators in the effort to protect sensitive
financial information.
Download this eBook to learn more about:
Financial crime trends and how they’ve evolved in 2020;
The manifestation of...
Alexander Vinnik, a Russian national who founded the now-defunct BTC-e cryptocurrency exchange, has been found guilty of money laundering in France and has been sentenced to five years in prison, according to media reports. He faces additional charges in the U.S. and Russia.
Citi, Equifax, Capital One - the list of financial institutions that have suffered high-profile cyber incidents is long, and the penalties they've incurred have been steep. To Scott Kannry, CEO of Axio, it all comes down to cyber risk - and he has new ideas for redefining it.
The attacks targeting financial services organizations continue to increase in both volume and sophistication. Security-conscious enterprises need to prepare for threats that emanate from external cybercriminals as well as employee errors and malicious insiders.
While detection, threat intelligence and other...
From credit cards and mule accounts to a wide range of lending products, cybercriminals are sparing no effort to turn a profit by exploiting weaknesses in the account opening process. This fraud is especially challenging to detect when the user has no digital footprint with the institution. So how can you trust a...
MAXEX, a company that develops a digital trading platform for the secondary mortgage market in the U.S., leaked 9 GB of internal documentation as well as full mortgage applications for 23 individuals. The data was released by a Swiss-based developer who apparently was unaware it was sensitive.
Criminals have been seeking innovative new ways to steal cash from ATMs. In the U.S., there has been a surge in physical attacks, while Europe has seen a sharp increase in "black box" attacks designed to make ATMs dispense cash on demand.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
The Office of the Comptroller of the Currency has fined Morgan Stanley $60 million for the investment bank's failure to properly oversee the decommissioning of several data centers, putting customer data at risk of exposure.
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