Big data is a hot item on every banking institution's security agenda, says Gartner analyst Avivah Litan. Here she explains why mid-sized institutions are in the best position to implement new technology.
Most security professionals focus on only the fraud avoidance capabilities when evaluating and implementing fraud prevention technologies. Often overlooked is the potentially significant adverse impact on customers' experience and operational costs. Good fraud prevention solutions must be effective at identifying and...
The financial services industry is not collaborating effectively to address online payment risks, says Scott Dueweke of Booz Allen Hamilton, who offers insights on effective fraud-fighting steps.
Mobile devices - smartphones and tablets - are powerful computers that are increasingly used for commerce and financial transactions. Consumers will spend $235 billion through mobile transactions, making mobile devices a very lucrative channel and the next frontier for cybercriminals to exploit.
The threats against...
Call center fraud is one of the leading threats that financial institutions will battle next year because fraudsters consider the centers to be an easy target. But what can be done to mitigate this threat?
A new takeover scam that the FBI calls a "man-in-the-e-mail" attack has drained $1.65 million from three Seattle-area businesses' accounts. Learn what steps to take to avoid becoming the next victim.
In case you missed ISMG's 2013 Fraud Summit - or even if you were there and want to share insights with colleagues - I'm pleased to announce the availability of a series of session videos featuring top fraud experts.
Mobile banking continues to gain momentum, growing faster than any other delivery channel to date. Many financial institutions want to expand capabilities in the mobile channel, but are concerned about security. Given the evolving threats, mobile innovation has outpaced the industry's appetite for deploying new...
Federal investigators announced five more arrests this week in connection with a $45 million ATM cash-out and prepaid card fraud scheme. Learn why experts expect these types of crimes to become even more common.
Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
The same vulnerabilities that have made the online banking channel an easy target for fraudsters also will soon plague mobile banking, says Julie Conroy, a consultant with Aite.
Information Security Media Group is offering a growing list of fraud-fighting educational opportunities, including videos of presentations at its recent Fraud Summit plus a series of 2014 summits.
Inadequate authentication is among the greatest security challenges for online payments, says Scott Dueweke of Booz Allen Hamilton, who suggests biometrics needs to play a bigger role.
An insurer has dropped its lawsuit aimed at avoiding covering damages suffered in the Schnucks retail breach. But attorney Dan Mitchell says this case shows why more companies need cyber-insurance.
Our inaugural Fraud Summit on Oct. 22 at the Meadowlands in New Jersey will feature an impressive lineup of information security leaders offering timely insights about practical risk mitigation strategies.
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