In Australia, it can take as few as 15 minutes to steal someone's phone number, a type of attack known as SIM hijacking. Such attacks are rising, but mobile operators have no plans to change the authentication required around number porting, which can be set in motion online with minimal personal information.
With the abundance of PII available on the dark web, there has been an explosion of synthetic identity fraud. Michael Lynch of InAuth discusses how device and user data can be leveraged to combat the fraudulent opening of new accounts.
The solution providers in the fraud solution industry offer logic
designed to track users and prevent malicious activity by
capturing and analyzing behavioral characteristics across
the entire session, from login to check out and everything in
between. These solutions compare known customer behavior
in the case...
A leading mobile-based financial services company sought out fraud prevention tools. In the past, fraudsters used that company's customer accounts to funnel money via stolen identities. But with advanced device fingerprint technology, the company could detect multiple accounts created from the same device and suspend...
Restaurant reservation service OpenTable aims to create an amazing dining experience for its millions of users.
Sift Science enabled OpenTable to scale a highly successful digital gift cards program without increasing risk.
Read the case study to learn how to:
Limit manual review;
Move from a manual...
Leading the latest edition of the ISMG Security Report: Cybersecurity expert Brian Honan provides insights on why organizations that are not yet compliant with GDPR need to focus on several key steps. Also: An assessment of the progress women are making in building careers in information security.
Canadian citizen Karim Baratov has been sentenced to serve five years in U.S. federal prison after he admitted to hacking and identity theft charges connected to his working as "hacker for hire" for alleged Russian FSB officers, who have been tied to a massive 2014 breach of Yahoo.
Leading the latest edition of the ISMG Security Report: Years of massive data breaches have fueled an increase in synthetic identity fraud, in which fraudsters combine real and bogus details to create more effective fake identities. Plus, has "The Dark Overlord" hacking group finally met its match?
Technology, regulations and customer expectations all have evolved, but what does this mean for how organizations secure identities?
This evolution has proven to be a two-sided coin, particularly for financial institutions. It's not only allowing financial institutions to offer new, innovative products where...
Machine learning is revolutionizing fraud prevention. Online businesses everywhere are discovering how this innovative technology increases revenue, while minimizing risk.
But how can it work for you?
Download this whitepaper to learn more about:
Why machine learning excels at preventing all types of fraud and...
Account opening continues to transition from physical to digital channels, which means financial institutions and other organizations must optimize the digital experience in order to compete. At the same time, fraud is on the rise because of the same benefits enjoyed by consumers: convenience, speed, and ease of...
Armed with stolen personal data, cybercriminals can easily bypass conventional identity authentication methods. So how can organizations strengthen authentication without harming customer experience? Shaked Vax of IBM Security shares insights.
Brett Johnson, referred to by the United States Secret Service as "The Original Internet Godfather" has been a central figure in the cybercrime world for almost 20 years. He founded and was the leader of Counterfeitlibrary.com and Shadowcrew.com. Working alongside the top cyber criminals of our time, he helped design,...
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience. IBM Trusteer's Valerie Bradford discusses how to defuse this tension.
Authentication innovation is still in its infancy, and most companies are still combining more traditional passwords and PINs with cutting edge
biometrics or contextual decisioning methods. The combination brings new capabilities to multi-factor authentication, but doesn't necessarily produce the best possible...