For years, researchers have studied malicious insider threats. But how can organizations protect themselves from insiders who make a mistake or are taken advantage of in a way that puts the organization at risk?
Using "synthetic identities" to commit fraud is becoming easier, but it's increasingly difficult for organizations to detect this type of deception, says Claudel Chery of the U.S. Postal Inspection Service.
Rather than waiting until they're a breach victim, organizations should reach out to law enforcement officials to develop a good working relationship in battling cybercrimes, federal prosecutor Erez Liebermann says.
The average insider scheme lasts 32 months before it's detected, says threat researcher Jason Clark, who suggests using a combination of the right technologies and the right processes is the key to improving detection.
Our inaugural Fraud Summit on Oct. 22 at the Meadowlands in New Jersey will feature an impressive lineup of information security leaders offering timely insights about practical risk mitigation strategies.
Fraudsters are using DDoS to distract banks during account takeover attempts, says fraud prevention expert Avivah Litan, who highlights DDoS trends to watch in 2014 and reviews how attack techniques have evolved in the last year.
Although skimming attacks are still the greatest ATM fraud concern, experts warn that a new malware strain that targeted ATMs in Mexico may signal a shift and raises questions about software and operating system vulnerabilities.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
Russian authorities have reportedly arrested a man believed to be the author of the Blackhole exploit kit, widely used by cybercriminals to exploit vulnerabilities in Web browsers and other software to infect user computers with malware.
Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
Organizations in all sectors should take steps now to avoid security and operational risks associated with Microsoft's plans to discontinue support of the Windows XP operating system next year, security experts say.