Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino join ISMG editors discuss the first California consumer protection fine issued against retailer Sephora, defending against new ransomware tactics, and mitigating the impact of Zelle scams.
A phishing and fraud prevention vendor has bought a startup founded by Qualys' longtime engineering leader to help organizations more effectively discover and monitor assets. Red Sift says its purchase of Hardenize will help customers assess the security of their digital asset inventory.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.
Passwords are supported everywhere. But, says Andrew Shikiar, executive director of the FIDO Alliance, "they have been proven time and time again to simply be unfit for today's networked economy." In this episode of "Cybersecurity Unplugged," Shikiar discusses how to move beyond passwords.
Cyber resiliency is an essential requirement for any business. Given organizations face larger attack surfaces with users working from anywhere, businesses must invest in mature strategies to reduce risk and unencumber workers. New research from ESG finds that cyber-resiliency investments are even more valuable than...
How are money launderers exploiting the various gaps in the telecom and banking industry? Hesham Sayed Shoeb, fraud supervisor with Saudi Telecom Co., shares his experience on fighting money launderers and how to improve systems and tools to catch more fraudulent transactions.
Japanese conglomerate Hitachi has sold its small identity-as-a-service practice to Canadian software specialist Volaris Group to drive better execution around core products. The firm found it was easy to get lost within Hitachi given the conglomerate's size and focus on electronics and engineering.
Banking regulators are looking for ways to tackle authorized payment scams, such as spreading the risk to other banks. In a new report on how eight countries are handling this fraud, researcher Ken Palla advises banks to focus on reimbursing victims and preventing the theft.
In today's dynamic threat environment, security teams must adopt a risk-based approach, prioritizing the most important areas of their organization. They also should not be afraid to seek outside help. Murtaza Hafizji of Bugcrowd discusses the merits of crowdsourced security.
It's been over one year since the release of President Biden's cybersecurity executive order, and federal agencies are making measurable progress in adopting zero trust architecture. Dennis Reilly of Gigamon discusses specific progress around visibility and observability in the network pillar.
In the latest "Proof of Concept," experts join ISMG editors to discuss concerns over Twitter's security leading up to the U.S. midterm elections, the move by the U.S. Department of Justice to file its most sensitive court documents on paper, and the recent sanctions against Tornado Cash.
Why is business identity theft increasing, and what are the latest tactics fraudsters are using to scam businesses and gig workers? Eva Velasquez, CEO at the Identity Theft Resource Center, shares her views on how business identity theft has evolved over the years and how to prevent it.
Insurance market giant Lloyd's of London says that starting next year, its cyber insurance policies will no longer cover state-sponsored cyberattacks. But with attribution being inherently tricky, expect this move to be tested in court, says Jonathan Armstrong, a partner at Cordery law firm.
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