Consumers embracing biometrics to protect their information
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …
How to stay ahead of the rise of synthetic fraud
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified …
What behavioral experts can teach us about improving security
The “castle and moat” approach to protecting one’s domain was effective for centuries. At the start of the internet age, when a company’s greatest assets were physically …
Business email compromise is a top concern for banks
Bottomline and Strategic Treasurer released the results of a survey that gathered details about corporate and banking experiences, actions and plans regarding fraud. Results …
Financial institutions can strengthen cybersecurity with SWIFT’s CSCF v2021
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has introduced an updated set of baseline customer security controls that all of its users must …
Combating the virtual and physical threats banks face
The banking sector has always been at the center of criminal attention. Today, banks must contend with near-constant cyber attacks from organized criminal gangs, as well as …
Review: Group-IB Fraud Hunting Platform
Today’s Internet is a hectic place. A lot of different web technologies and services are “glued together” and help users shop online, watch the newest movies, or stream the …
Banks risk losing customers with anti-fraud practices
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 …
ATM cash-out: A rising threat requiring urgent attention
The PCI Security Standards Council (PCI SSC) and the ATM Industry Association (ATMIA) issued a joint bulletin to highlight an increasing threat that requires urgent awareness …
75% of cardholders prefer contactless cards to other payment methods
Based on responses from 1,000 U.S. cardholders who are familiar with contactless credit/debit card or “tap and pay” technology, a new Entrust Datacard survey reveals that 75% …
23% of leading banks had an exposed database with potential data leakage
Reposify unveiled research findings of critical asset exposures and vulnerabilities in attack surfaces of the world’s leading multinational banks. Researchers measured …
Maximizing customer engagement when fraud prevention is top of mind
With the number of data records breached in 2019 surpassing four billion, fraud prevention and regulatory compliance are, inevitably, top priorities for financial institutions …
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