Investment banking giant Morgan Stanley is the latest company to report a data breach tied to zero-day attacks on Accellion's legacy File Transfer Appliance - yet another indicator of the sustained impact of supply chain attacks.
Telehealth has been essential to keeping people healthy and safe during the pandemic, and it has great potential to increase healthcare access for older adults in the future. However, it can also be stressful for those with an aversion to the idea of using technology to speak with their doctor.
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This year, attackers are permeating the everyday lives of consumers, citizens, and lawmakers everywhere. The response to recent ransomware attacks on companies is serving as a reminder that cybersecurity, at its core, is a matter of building and maintaining trust.
Meanwhile, organizations and security professionals...
The Identity Theft Resource Center, a nationally recognized nonprofit organization established to support victims of identity crime, has published new research that shows nearly 30% of people who contact the ITRC are victims of more than one identity crime.
It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.
A year ago, Chris Pierson and BlackCloak studied executives at top global pharma companies to learn the extent of password-based vulnerabilities. The findings weren't reassuring. Pierson revisited the study this year with a select few entities to see if the needle has moved in a more secure direction.
FBI agent Elvis Chan dedicated four years to election security, and he doesn’t hesitate to say: The 2020 presidential election was "the most secure election of my career." He explains why, and what lessons learned we can apply to future elections.
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for Financial Institutions and other AML regulated entities.
How has the AML regulatory climate shifted most...
Preventing deepfake fraud while addressing customer digital onboarding ease-of-use concerns is a balancing act. Sanjay Gupta of Mitek discusses the challenge of juggling security and the user experience in digital banking.
To mitigate the fraud risks posed by synthetic IDs, banks should use consumers' devices to help with authentication, says Karen Boyer, vice president of financial crimes and fraud intelligence at People’s United Bank, based in Connecticut.
As more transactions move online and the digital transformation of the marketplace accelerates, identity fraud is flourishing. Just as your customers appreciate the ability to transact business online quickly, easily and across multiple channels, so do bad actors. Failure to fortify your defenses is an invitation to...
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
The latest edition of the ISMG Security Report features an analysis of a federal crackdown on ICO cryptocurrency scams. Also featured: An update on the SonicWall hack investigation and the use of digital IDs to verify COVID-19 testing.