Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
Knowledge-based authentication is no longer reliable, says fraud expert Avivah Litan, an analyst at Gartner. She explains why so-called behavioral authentication is the only reliable way to verify users.
What are the distinct phases of the fraud lifecycle, and how can banking institutions intervene at each stage to prevent losses? Daniel Ingevaldson of Easy Solutions offers fraud-fighting tips.
Phishing attempts against bank employees are on the rise. How can institutions improve their defenses? Daniel Ingevaldson of Easy Solutions offers insights on how to combat advanced phishing techniques.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
Account takeover fraud is growing globally, and it's not just banks that are suffering, says analyst Julie Conroy. Here, Conroy explains why fraudsters continually have the upper hand.
When it comes to fighting fraud, technology can only go so far, says Nancy Guglielmo of BITS. So, how can banking institutions truly correct the user behavior that enables many fraud schemes?
Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
The mobile security focus has shifted from basic block-and-tackling to ensuring better productivity and corporate data protection, says Jonathan Dale of Fiberlink. What new challenges are posed?
Reports of account takeover incidents have increased in the last 18 months, yet losses have remained steady, says former federal banking examiner Amy McHugh, who analyzes what security measures are working and what still needs to be done.
Data loss prevention strategies are shifting. Organizations are now turning to end-users to help protect critical data. Stephane Charbonneau of Titus discusses how to engage users to improve security.
We're already seeing the next generation of advanced security threats, so now is the time for organizations to adopt next-gen security defenses. Brian Hazzard of Bit9 explains how.
The advanced persistent threat is top of mind for all organizations. Either they are dealing with it now, or preparing their defenses just in case. Robert Berlin of Fortinet offers security insight.
Access is a two-edged sword. Organizations need to open systems to employees, partners and customers. But they also must keep out threat actors. Douglas Mow of Courion talks about finding a balance.
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