Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
With a rise in incidents of omnichannel financial fraud globally, financial institutions need to enhance their ability to detect fraud - while also reducing technical complexity. Maxim Shifrin of IBM Trusteer discusses new solutions.
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.
Ireland's Cyber Crime Conference in Dublin drew a capacity crowd for a full day of security briefings, networking, hotly contested capture-the-flag and secure-coding challenges, as well as a chance to sharpen one's lock-picking skills.
TalkTalk's confusion in the wake of its recent data breach, as well as mangling of technical details and failure to encrypt customer data, demonstrate the importance of having an incident-response plan ready in advance of any breach, experts say.
Nine individuals have pleaded guilty to charges stemming from their roles in an identity fraud scheme. Among the defendants is a former military hospital worker who stole soldiers' personal information to file false federal tax returns, prosecutors say.
Retailers cannot avoid innovation. Yet, cybercriminals thrive when retailers innovate. What, then, can retailers do to stop cybercriminals from breaching their defenses? Here are three key questions to answer.
Amsterdam is again playing host to the annual Black Hat Europe information security gathering, and presenters have promised to cover everything from privacy flaws in wearable computers to two-factor authentication system failures.
As Keith Alexander tells it, when he led the National Security Agency, he didn't exist. Alexander discovered that 'fact' after he retired on May 21 as director of the NSA and commander of the Cyber Command and began shopping to buy a new home.
A review of the RSA 2014 agenda shows several seminars, panels and speakers of particular interest to healthcare-focused attendees, including those focused on mobile device security and medical device hacks.
Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?