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Authentication/Fraud/Identity Theft

Preparing for the Next Breach

By Alyssa Arredondo

After major data breaches — like the 2018 attacks on Marriott, Facebook, and Macy’s — merchants aren’t the only ones forced to take action. Consumers and financial institutions are often left to pick up the pieces by having to cancel payment cards and retake control of their financial data, causing strains on members, customers and institutions.

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New Account Fraud: An Urgent Concern for Retail Banks

By Adam Elliott 

As fraudsters of the 21st century continue to look for unique ways to separate bank customers from their money, there’s an emerging trend that is costing retail banks millions: an increase in new account fraud (NAF) that is slipping past front-end fraud and risk controls.  

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Card-not-Present Fraud Continues to Grow

Retailers are set to lose some $130 billion in digital card-not-present (CNP) fraud between 2018 and 2023, according to a new study from UK-based Juniper Research. The study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ inertia in adapting to new fraud prevention requirements, will be key factors behind the increases in fraud transaction value.

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What Digital Security Threats Can Banks Expect in 2019?

Redwood City, Calif.-based Avast has released its annual Threat Landscape Report, detailing what the company sees as the biggest security trends facing consumers (and by extension their financial institutions) in 2019.

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Are Firewalls Effective Against Bots?

Bot attacks often use previously stolen user credentials to gain unauthorized access to the web, mobile and API application services that organizations rely on to support business processes and engage with their customers. However, a new report from Cequence Security highlights both the security and productivity challenges from the growing number of bot attacks targeting today’s hyper-connected organizations. 

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