Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes. Mike Lopez of survey sponsor Cyxtera Technologies analyzes the results and...
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes.
Manual processes can hinder banks' ability to pivot quickly and offset,...
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes.
Manual processes can hinder banks' ability to pivot quickly and offset,...
As account opening continues to transition from physical to digital channels, financial institutions and other organizations must optimize the digital experience of applicants in order to compete. At the same time, fraud is on the rise thanks to some of the same digital channel benefits enjoyed by consumers:...
According to a recent report, The Identity Fraud Study, released by Javelin Strategy & Research, it showed in 2015, there were more than 1.5 million new account fraud victims that accounted for losses of $2.8 billion. This number increased by 40% in 2016, and there is no reason to believe that this trend is stopping...
The Equifax breach, which affected more than 143 million individuals, proves breaches are not trending downward.
A lot has been said about the ways that criminals use stolen data. In this session, BioCatch discusses the current state of account openings online and what fraudsters are doing to circumvent security...
When rolling out multifactor authentication across all channels, unique challenges are faced such as staying in compliance with regulatory
requirements, without adding friction and complexity to the member experience
Download this whitepaper to learn how to overcome challenges and deploy multifactor authentication.
Credit unions offer unique services to a unique member base - and they face unique challenges when rolling out multifactor authentication across all of their banking channels.
Download this eBook that will discuss:
How new biometric solutions can meet CU needs
What's unique about the credit union employee and...
Credit unions offer unique services to a unique member base - and they face unique challenges when rolling out multifactor authentication across all of their banking channels. Michel Nerrant of Crossmatch discusses how new biometric solutions can meet CU needs.
Before the Internet, customers who wanted to perform a bank transaction had only one option - a visit to their local branch for a face-to-face transaction. Now, in the "mobile age," customers expect that their bank provide secure and easy access to the full suite of banking services via their mobile device. The...
According to Javelin, in 2015 there were more than 1.5 million new account fraud victims who accounted for losses of $2.8 billion. This number increased by 40 percent in 2016. And with all the continued data breaches, there are no indications that this trend has slowed in 2017. The Equifax breach, which affected more...
There are many faces of fraud in the insurance market - using stolen identities to obtain a new policy - or just as troubling, an account takeover to make a false claim or change payee information to receive claim funds. And when fraud hits, it hurts everyone in the pool.
At the same time, the insurance industry...
While security teams continue to add to their threat protection arsenal, they are struggling to keep up with the threats. Security information and event management (SIEM) products, threat analytics platforms, advanced endpoint protection (AEP) products, user entity behavior analytics (UEBA) tools, and incident...
VASCO Data Security's Scott Clements on Aligning Security with User Experience
With great efficiencies and cost savings also come great threats and fraud risks. This is today's digital reality, and it is why cybersecurity and the user experience need to be aligned to create digital trust, says Scott Clements of VASCO...
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