The costs of hacks are rising, the amount of ransomware is rising, and the number of organizations that have been breached will also rise unless organizations take action.
As this technology is automated, it can also scan more accesses because a new rule doesn’t need to be created for each access. You can jump from a 1% audit rate to a 99% audit rate.
The past year has been marked by economic uncertainty stemming from the global pandemic, which has also created an expanded remote workforce and broadened the attack landscape.
Like many other inventions now common in modern life, distributed cybercrime may seem trivial today. But this concept emerged little more than a decade ago and has already dominated the threat landscape.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
A Tennessee utility has sued its bank after a $327,000 account takeover incident. This new case shows why institutions must go above and beyond when it comes to detecting and thwarting fraud losses.
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
Choice Escrow is seeking a bench review of a recent appellate court ruling, which favored its former bank in an ACH fraud dispute. The firm argues the court set a bad precedent for future disputes by limiting Uniform Commercial Code protections.
FFIEC guidance and case law are helping banks define what constitutes "reasonable security." In a panel discussion, three experts debate the long-term impact of two recent account takeover fraud cases.
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