The U.K. government plans to let sector-specific regulators handle AI safety issues in each industry, but that approach could prove to be shortsighted in light of the dynamic nature of AI technology, said Lord Christopher Holmes, member of the U.K. House of Lords.
The FFIEC has issued updated guidance advising banks to use stronger access controls and multifactor authentication. Some experts call the update "long overdue."
Organizations are finding it hard to achieve their security goals with the supply of highly qualified security experts being low and the demand astronomically high. The Information Security Officer (ISO) at a large bank, serving a variety of commercial businesses, construction companies and the farming community,...
Fraud schemes have migrated in recent years, exposing inherent vulnerabilities in how most organizations authenticate users. This calls for outlining new strategies and tools for evolving authentication practices beyond solely payments security. Payment fraud schemes are becoming more sophisticated, and threats now...
Passwords are a pain. We all aim to protect both our customers and brand, however, passwords are weak, hard to remember and easy to hack. As organizations try to strengthen password policy requirements, legitimate customers fail and abandon into more costly channels like the call center. This cumbersome experience...
As we approach 2019, is it realistic to think the end of our dependency on traditional user names and passwords is in sight? Shane Weeden, and authentication expert with IBM Security, discusses the future of authentication and why he's encouraged by the FIDO2 initiative.
The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
Many banking institutions boast of being "digital first" and enabling "omnichannel banking." But are they fully aware of the new fraud risks they also are inviting? Kimberly Sutherland and Kimberly White of LexisNexis Risk Solutions discuss how to mitigate omnichannel fraud.
Defending against tomorrow's mobile attacks is a moving target; but new technologies and strategies, including behavioral biometrics and machine-learning-based analytics, are allowing financial institutions to reduce their fraud losses while enhancing their customer experience. Based on the latest results of ISMG's...
The FBI, Gartner, and many other security analysts cite social media as one of the fastest growing security threats. That is why it is important for security teams at organizations with a significant social media presence to gain an understanding of this new attack surface and develop a plan to protect the...
Little has been done to address the social media hacking problem despite continued headlines. Most organizations lack the protective countermeasures or the expertise to mitigate risk and respond to incidents. Few companies know how to re-gain control after an account compromise or how to prevent an attack in the first...
Fraudulent social media brand pages are often used for phishing, malware, and other scams which negatively impact your customers and damage your brand reputation. How can organizations take action against these accounts? Download this whitepaper and learn how to: Identify fraudulent accounts; Create an organized...
Social media account takeovers have become synonymous with embarrassing headlines that feature well-known companies and figures. If your organization has a prominent account, cyber attackers will see you as a ripe target. Download this whitepaper and learn: How these takeovers are possible; Why the complexity of...
High-pressure. Fast-paced. Threats coming from all directions. The battle against payment fraud isn't unlike the game of basketball. Wire fraud and ACH fraud are on the rise, and financial institutions cannot be slow on the defense - to win, they must detect fraud in real-time. Banking channels through which...
Easy Solutions' Ricardo Villadiego addresses how the digital revolution, millennials and the widespread use of online communications affect financial fraud. In this transcript from his video interview at RSA Conference 2017, Villadiego: Explains why banks are not proactive when it comes to fraud protection;...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing govinfosecurity.com, you agree to our use of cookies.
