Fraud Summit - Chicago 2014 - What becomes of customer account information once it is stolen by fraudsters? It enters a sophisticated underground economy, where account names and numbers are sold openly in the criminal marketplace. Underground market trends often yield clues to undiscovered breaches or targets. Join this session to learn:
How this underground economy works;
What threat intelligence can be gleaned from the marketplace;
How merchants and financial institutions can better protect their assets.
The Target data breach brought so much to light - the evolving threats to merchants and point-of-sale systems, as well as the thriving underground economy that is in part fueled by trafficking of stolen payment card data.
But what are the key components of this underground economy, and why are they so difficult to monitor, much less stop?
Trusteer, an IBM company, has conducted fresh research into the global threat landscape, and in this session - recorded at the 2014 Chicago Fraud Summit - George Tubin shares the latest findings about card forums, market trends and evolving threats.
And then, from the banking institution's perspective, Mitch Zahler of HSBC shows how to leverage available threat intelligence to make real-time decisions in response to security threats and incidents.
Gain insight into this underground economy and how you can leverage threat intelligence to improve your anti-fraud defenses.
ISMG's Fraud Summits are one-day events focused exclusively on the top fraud trends impacting organizations and the mitigation strategies to overcome those challenges.
Tubin is Director of Marketing at Transmit Security and a recognized expert in digital banking and payments security and cyber-fraud prevention. He was previously Vice President of Marketing at Socure and Senior Research Director with the leading financial services research firm CEB TowerGroup (acquired by Gartner, Inc.) where he delivered thought leadership and insights to leading financial services institutions, technology providers, and consultancies on business strategies, technologies, and market trends in retail, Internet and mobile banking, and fraud management.
CISO, Proactive Cyber Security; formerly Senior Vice President of Cybersecurity, HSBC
Zahler is senior vice president and head of research and detection for the Cyber Intelligence and Threat Team at HSBC Bank responsible for global cyber transformation and intelligence development. With more than 20 years in the information security and risk field, Zahler's technical and managerial breadth of experience crosses numerous disciplines including leading global security incident response teams, security architecture and design, data loss prevention, cyber forensics and incident management. He previously worked for organizations such as Republic National Bank, American Express and Deloitte.