Synthetic identity fraud is the fastest-growing financial crime in the country. By combining real and fabricated personal information, a synthetic identity is specifically designed to look and act like a valid identity - until it doesn’t, leaving financial losses and criminal activity in its wake.
As the economy places a greater emphasis on operational continuity, speed, and agility, API security is crucial for digital firms. In 2022, API security violations will be the most common attack method for data breaches in enterprise web apps, predicts Gartner.
The concern of unjustified exposure of the valuable...
Digital identities a – particularly the TLS certificates throughout your organization – are used by
machines to authenticate machine-to-machine communications. But they also protect machines
through consistent, trusted encryption.
When these machine identities fail, organizations experience outages. Even...
Recent changes in consumer behaviors and stronger reliance on online transactions create a fertile ground for identity fraud in the financial services industry.
Financial institutions are hard pressed to meet consumer expectations of high levels of account security while also maximizing the user experience.
Are...
With both consumers and fraudster flocking online during the pandemic, online identity verification and the balance of fraud prevention and customer friction are the top two challenges facing ecommerce companies today. They must find new ways of reducing friction across the entire customer journey while detecting...
More than ever before, there’s a much larger reliance on conducting our business and personal lives digitally. Consumers and businesses embracing digital-only services, product delivery and work has resulted in increased fraud and identity theft.
As bad actors continue to expose weaknesses in new digital...
Digital technologies have revolutionized how operators and users interact with the U.S. payments system as new products emerge, back-end operations change and user experiences are enhanced. However, alongside these innovations come unforeseen payments security threats. As the dark web fills with stolen personal...
Fraudsters leverage networks to amplify attacks - isn't it time we do the same to strengthen our defenses? In our rapidly forming remote world with increased frequency of digital interactions, fraud fighting strategies need a boost. Carey O'Connor Kolaja will walk us through the rise of synthetic fraud, the changes it...
Compromised Credentials Monitoring (CCM) allows users to monitor exposure of compromised credentials for their enterprise domains and customer email addresses to take action after breaches to mitigate risk of account takeover (ATO). Flashpoint's advanced technology quickly collects and processes data and credentials,...
The thriving cybercrime economy of vendors hawking illicit offerings on underground marketplaces grants access to resources that reduce barriers to entry for crimes ranging from fraud to DDoS attacks.
Pricing trends for these offerings shed light not only on their accessibility to threat actors, but also on how...
Account Takeover (ATO) attacks are one of the fastest growing and prevalent problems for most organizations. According to a recent Forrester report, ATO attacks caused at least $6.5 billion to $7 billion in annual losses across financial services, insurance, eCommerce and other industries.
Download this whitepaper...
Is your cloud still dripping important company data?
You're responsible for protecting the data you store in public cloud infrastructure. That may be obvious, but organizations continue to leave cloud data exposed. With so many ways to inadvertently expose your environment, maintaining secure configurations can be a...
Whenever a bad actor gains access to another party's legitimate account, this is called an Account Takeover (ATO). Not only are ATO attacks tough to spot, they can also cause a lot of harm beyond just stolen goods and chargebacks, including backlash from upset customers. In this guide, we dive into how these attacks...
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...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing ffiec.bankinfosecurity.com, you agree to our use of cookies.
