What happens when you need to verify a new customer? Without prior information or customer records, and when the information you rely on is publicly available, it can be challenging to determine whether an account was created by a new customer or by a cybercriminal. Download this whitepaper and learn how IBM Trusteer...
As your bank or financial institution works to deliver digital services, you need to know that the "customer" logging into your online or mobile banking app is who they say they are. However, cyber criminals are continually introducing new and increasingly sophisticated financial malware along with convincing social...
Effectively fighting fraud has a lot to do with the speed of detection, investigation and countermeasure deployment. By integrating cognitive capabilities with fraud protection, it is possible to shift the balance of power and gain an upper hand in the battle against fraudsters.
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PSD2 presents opportunities and introduces new requirements for banks. Proactive, early-adopting organizations will be able to meet the new demands rapidly. By creating new alliances and providing innovative services, they will be able to provide value for both themselves and their customers.
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Criminals in Mexico have added endoscopes to their ATM-attack toolkits, warns cash-machine manufacturer NCR. Pairing endoscopes with "black box" attacks can enable criminals to defeat sensors and instruct an ATM to dispense all of its cash.
Attackers are increasingly hacking into banks' networks to gain access to the IT infrastructure connected to their ATMs, security experts warn. Attackers push malware onto ATMs that's designed to allow money mules to "jackpot" or "cash out" the machines, then delete itself.
Consumers are demanding new digital banking services that require institutions to raise the bar for speed and intuitive experiences. The ability to accurately confirm that the "customer" logging in to your digital banking system is who they say they are is essential.
The solution is no longer about finding the...
Given the rise in organized cybercrime and increased online data leakage, Maharashtra Police officials are empowering officers through appropriate training, says Balsing Rajput, superintendent of police, cyber.
True cybersecurity is about looking for what the new threats are and staying on top of those. And when it comes to fraud prevention, staying focused on the cybercriminal and the fraudster is what protects your customers and organisation.
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The most prevalent fraud types and...
As the global threat landscape shifts, so does Kaspersky Lab. Whereas Kaspersky Lab traditionally has been known for its cutting-edge research on threat trends and malware evolution, now the focus is expanding to encompass the new types and vectors of fraud impacting enterprises, says Emma Mohan-Satta, a Fraud...
Police in Europe have dismantled a cross-border gang devoted to perpetrating payment card fraud that they say used card skimmers, micro cameras and other devices to harvest payment card data from at least 3,000 victims.
By using cognitive fraud detection across different security layers, financial service providers can detect fraud more accurately and quickly than ever before, as well as better preserve the user experience.
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Reduce the number of false positives your organization faces so...
The Faster Payments Initiative may help businesses shorten clearing times for financial transactions, and benefit personal banking consumers by ensuring that transactions and bill payments are completed in a timely fashion. However, fraudsters will look to exploit any system vulnerabilities to their advantage. Shorter...
Police in Europe have arrested 17 suspects as part of an EU-wide investigation into ATM black box attacks, Europol says. These "jackpotting" or "cash-out" attacks use rogue hardware to trick ATMs into dispensing all of their cash on demand.
New cybersecurity requirements for organizations regulated by the New York State Department of Financial Services (NYDFS) went into effect March 1, 2017. The new regulation will be felt far beyond the state of New York and will likely become the baseline standard for the financial services industry.
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