The arrest of 10 men in Uttar Pradesh for allegedly cloning fingerprints of authorized Aadhaar enrollment officers is once again stirring debate over whether it's wise for India to rely so heavily on Aadhaar for authentication.
Consumers are demanding new digital banking services that require institutions to raise the bar for speed and intuitive experiences. The ability to accurately confirm that the "customer" logging in to your digital banking system is who they say they are is essential.
The solution is no longer about finding the...
Given the rise in organized cybercrime and increased online data leakage, Maharashtra Police officials are empowering officers through appropriate training, says Balsing Rajput, superintendent of police, cyber.
True cybersecurity is about looking for what the new threats are and staying on top of those. And when it comes to fraud prevention, staying focused on the cybercriminal and the fraudster is what protects your customers and organisation.
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As the global threat landscape shifts, so does Kaspersky Lab. Moving from its traditional cybersecurity focus, Kaspersky now is honing in on fraud prevention. Emma Mohan-Satta describes this shift and what it means for security and anti-fraud leaders.
Trump Hotels is warning customers that payment card data at 14 of its properties was compromised during a seven-month breach that affected service-provider Sabre. Other affected chains include Hard Rock Hotel & Casino and Loews Hotels.
As the global threat landscape shifts, so does Kaspersky Lab. Whereas Kaspersky Lab traditionally has been known for its cutting-edge research on threat trends and malware evolution, now the focus is expanding to encompass the new types and vectors of fraud impacting enterprises, says Emma Mohan-Satta, a Fraud...
Synthetic ID fraud is a fast-growing, multibillion dollar issue. Often misclassified as a credit loss, synthetic ID fraud is now affecting an expanding list of entities. Also, unless extremely large, this "victimless" crime often does not get the full attention of law enforcement. From the LexisNexis data labs, learn...
As cybercriminals evolve from attacking financial institutions to targeting various organizations with identity theft tools, digital users' identification strategies need to quickly adapt as well. At the same time, customers expect faster and more convenient services, enhancing the challenges organizations face -...
Deception is the most successful strategy in military history. Just as armies used deceit to conquer continents, cyber-deception is being used by more and more organizations to exploit a hacker's greatest weakness - being a human, after all, behind a keyboard. Deception techniques such as honeypots are not a new. But...
With the rise of digital banking, a transformation is taking place with financial institutions offering new, more convenient digital channels and services. This digital transformation is changing how customers interact with banks. Gone are the days of supporting simple online conveniences, many customers are seeking...
The Department of Homeland Security is warning IT service providers, healthcare organizations and three other business sectors about a sophisticated cyberattack campaign that involves using stolen administrative credentials and implanting malware on critical systems.
Two Florida men have pleaded guilty to helping operate an unlicensed bitcoin exchange, Coin.mx, as a result of a wide-ranging government investigation into a massive scheme that involved hacking into multiple financial institutions, including JPMorgan Chase.
Dutch police reveal they arrested an e-commerce website developer on charges of installing backdoors that allowed him to siphon 20,000 email addresses and passwords, which he then allegedly used to commit fraud using some old-school tactics.
The financial sector continues to be a prime target for highly sophisticated, customized attacks. The SWIFT money transfer system recently came under attack resulting in an $81 million heist of the Bangladesh Bank. This number pales in comparison to an estimated $1 billion stolen from over 100 banks worldwide by the...
