With the rapidly changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge. Fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices and accounts they use.
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
Your secure email gateway (SEG) never stood a chance. Socially-engineered attacks are the largest security threat, and with the rise of modern attacks like supply chain compromise, executive impersonation, and account takeover, it’s become obvious that the SEG no longer works. These traditional solutions simply...
Older consumers are considered a more vulnerable population. They are the best kind of customers, and cybercriminals know that. They are known for having better credit and more funds, tend to be more trusting, and lack familiarity with new digital technologies. Fortunately, there is a way to help financial...
Budget constraints are the reason many enterprises have not been able to move to the next stage in applying data analytics for fraud and risk management, says Andi McNeal, director of research at the Association of Certified Fraud Examiners.
Contrary to popular perception, the pandemic did not cause many enterprises to innovate with data analytics. But overall use of data analytics did rise, says Vincent Walden, managing director at Alvarez and Marsal, citing the latest report by the Association of Certified Fraud Examiners.
A risk-based approach to secure against digital fraud requires putting in the correct security controls in proportion to the organizational risk, which is determined by understanding the customer's subconscious habits, says Australia-based Tim Dalgleish, senior director, a global advisory, at BioCatch.
To help balance security and user convenience, organizations should offer centralized user access to applications, says Krishnamurthy Rajesh, head of IT and information security at ICRA, an India-based credit rating agency.
Organizations in all sectors need to build a continuous monitoring and response mechanism to defend against ransomware attacks, according to a panel of security experts from the Middle East
The adoption of the Secure Access Service Edge, or SASE, model is being driven by numerous factors, including the need to bring down administrative costs and to effectively manage network security, according to a panel of experts who offer implementation advice.
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...
Payments companies must secure their APIs and enhance their authentication standards in line with The Reserve Bank of India's guidelines to make QR codes interoperable and boost the electronic payments ecosystem.
CISOs are gaining additional discretionary powers to make risk-based decisions, especially as organizations implement the ISO 27035-3 incident response standard, says Khawaja Mohammad Ali, CISO of a large federal bank in Pakistan.
The Reserve Bank of India's draft of a framework for new self-regulatory organizations, including one that would help oversee payment system operators, fails to adequately address security issues, some observers say.
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