A leading mobile-based financial services company sought out fraud prevention tools. In the past, fraudsters used that company's customer accounts to funnel money via stolen identities. But with advanced device fingerprint technology, the company could detect multiple accounts created from the same device and suspend...
Over the past year, financial services organizations have seen an 87% increase in credential leakage, 149% increase in stolen credit cards, 151% increase in cyberattack indications and 49% increase in fake social media accounts. In addition, state-sponsored APT groups (with little to no financial motivation) have...
RSA's most recent Quarterly Fraud Report shows that "newsjacking" is increasingly empowering phishing attacks, says Angel Grant, RSA's director of identity fraud and risk intelligence. The report also shows a continuing surge in mobile app fraud.
For at least the third time in recent months, a mobile fitness app maker apparently has exposed consumers' sensitive personal information. The latest app to expose data: PumpUp.
Following reports about U.S. companies that enable government and other users to access real-time tracking information for all major U.S. wireless carriers' subscribers, provider Securus Technologies has reportedly been hacked, while LocationSmart has fixed a data-exposing flaw.
Since mobile banking usage is set to grow exponentially, banks must overcome structural challenges and
reconcile consumers' appetite for ease of use with the desire for greater security.
There are a growing number of fintech startups that have been able to overstep the legacy cost structures
and regulatory...
One of the leading mobile-based financial services targeted at millennials approached Simility to help fight fraud. Simility provided an end-to-end solution which included customized models for their specific needs.
Fraudsters were using the company's customer accounts to funnel money via stolen identities. But...
Businesses across the UK and Europe spend billions each year on identity and access management, but almost all of this money is spent on protecting the digital identities of humans - usernames and passwords.
On the other hand, businesses spend almost nothing on protecting machine identities, even though our entire...
The definition of "machine" is undergoing radical change. The number and type of physical devices on enterprise networks has been rising rapidly throughout Europe and the UK, but this is outstripped by the number of applications and services they host.
At the same time, cloud adoption has spawned a tidal wave of...
Businesses spend billions each year on identity and access management, but almost all of this money is spent on protecting the digital identities of humans - usernames and passwords.
On the other hand, businesses spend almost nothing on protecting machine identities, even though our entire digital economy hinges...
Ovum, a market-leading research and consulting business that helps enterprises thrive in the connected digital economy, explains why every enterprise should put stronger authentication service on their radar as a means of better securing their companies data and minimizing their fraud exposure risk all while...
Technology, regulations and customer expectations all have evolved, but what does this mean for how organizations secure identities?
This evolution has proven to be a two-sided coin, particularly for financial institutions. It's not only allowing financial institutions to offer new, innovative products where...
After years of focus, the needle is moving positively toward improving medical device security. But what about the growing cybersecurity issues associated with enterprise IoT? Mac McMillan of CynergisTek shares his concerns.
Technological advances that are sweeping the financial sector by storm have brought new ways for users to access their data on the go but it also presents new challenges for financial institutions to protect their customers' personal data. Every financial institution needs to implement a comprehensive approach to...
Technological advances that have swept the financial industry by storm have brought on new ways for customers to access their data on the go but it also created new challenges for the protection of personal data of their customers. Every financial institute must have a comprehensive approach to privacy management and...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.eu, you agree to our use of cookies.
