Banks often view innovation as coming at the cost of security. Instead, security can be an enabler to the digital transformation - helping banks welcome customers in and keep fraudulent activity out so they can pursue new growth opportunities, improve the customer experience, and build customer loyalty.
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As the global threat landscape shifts, so does Kaspersky Lab. Moving from its traditional cybersecurity focus, Kaspersky now is honing in on fraud prevention. Emma Mohan-Satta describes this shift and what it means for security and anti-fraud leaders.
In light of the sophisticated phishing campaigns by Pawn Storm and other groups, organizations must devise new ways to fight these threats, says Jon Clay of Trend Micro.
Phishing attacks are on the rise for two main reasons, according to Brooke Satti Charles, a Financial Crime Prevention Strategist with IBM Trusteer. The first is how easy they are to launch. The second is their continued profitability for attackers.
So how can enterprises make sure they are not the next...
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...
Phishing attacks are on the rise, due in large part to how easy to launch and lucrative they are for the attackers, says Brooke Satti Charles of IBM Trusteer.
"Phishing is a really easy way to perpetrate an attack," says Satti Charles, a financial crime prevention strategist. "Creating a sophisticated way to break...
If you're thinking, "Mobile threats and malware are still in their infancy and the risk isn't significant enough yet," it's time to think again. The rise of advanced, PC-grade mobile malware, innovative fraud schemes, such as SIM swap fraud, and fraudsters' increasing use of mobile devices in cross-channel attacks...
Midway through 2017, phishing attacks are very much on the rise, namely because they are too easy to launch and far too lucrative for the attackers, says Brooke Satti Charles of IBM Security Trusteer.
Phishing attacks have seen a meteoric rise in the last year as attackers continue to refine their tactics and share successful attack types. In particular, they've taken advantage of the malware-as-a-service offerings on the dark web in order to increase the efficiency and volume of attacks.
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Social engineering is not a new concept, but it is an enduring one that is steadily growing, with no end in sight.
One of the most common social engineering schemes is phishing, which is defined as "the use of social engineering and technical subterfuge to defraud an online account holder of their financial...
Former FBI Director James Comey trickled out new details during a Senate Intelligence Committee hearing about what the FBI knew and when regarding Russia's alleged cyber intrusions. We've rounded up the details.
A cyber-espionage campaign apparently linked to Russia has targeted more than 200 people in 39 countries and leaked victims' stolen information - sometimes in altered form - as part of a disinformation campaign, according to privacy researchers at Citizen Lab.
Chris Sibila of Elements Financial Credit Union says thwarting socially engineered schemes waged against call centers as well as debit fraud linked to card breaches spurred the financial institution to hire its first full-time fraud investigator, who's already helping to curb fraud losses.
From ransomware to business email compromise, most of today's Internet scourges - in spite of vast differences in their appearances - are related to each other and depend on a small number of reused adversarial techniques. Decomposing the threats into these atomic building blocks is helpful to understand the nature of...
Three Nigerian nationals who were convicted of a range of charges - including identity theft and payment card fraud - have been sentenced in the U.S. to serve up to 115 years in jail. Prosecutors says they were part of a "large-scale international fraud network" and involved in so-called "romance scams."
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