After two months of inactivity, the notorious Emotet botnet is poised to start delivering malicious code again; active command-and-control servers have been spotted in the wild, researchers at the security firm Cofense warn.
Online account origination fraud has grown 30% since 2017, with $1.3B losses in 2018. The increase in losses has a lot to do with fraud rings switching from automated attacks to human workers who submit applications manually - this is because nothing solves a CAPTCHA like a human.
Join this webinar to learn the...
To explore how credential stuffing attacks and brute force attacks differ, we need to understand what they are and how they operate. Here is a quick summary.
For financial institutions, every new customer heralds an opportunity - but if the organization doesn't know enough about that customer there may be risks as well. Using know your client (KYC) and customer due diligence (CDD) checks as an initial first line of defense in reducing the risk of money laundering and...
Disruption continues to reshape the financial services industry. Time-proven products and services have been rendered obsolete in the blink of an eye, rewriting the banking landscape and leaving it scattered with new challenges.
Online banking and faster payments have been embraced by customers, but money launderers...
Protecting your enterprise from breaches and account takeovers has never been a bigger challenge. New tools make it possible for even unsophisticated actors to perform advanced, widespread attacks that put your organization at risk. According to the 2019 Verizon Breach Report, stolen credentials are the leading attack...
Adapting fraud systems from desktop to mobile is no simple task. Retailers may misinterpret legitimate shopping behavior as 'risky' due to the nature of cellular connections (e.g. a mobile carrier may shift your browsing to another location).
To deal with the increase in mobile usage, organizations must also make...
The digitalization of business processes and advent of
mobile computing have given rise to the next generation
of fraud. Cybercriminals have a variety of tools and
techniques - as well as opportunities to steal money and
services. Furthermore, traditional fraud prevention tools often
fail to stop this fraudulent...
Account takeover is the fastest growing fraud vector in retail banking. It's lucrative. It's a service you never want to provide.
Motivated fraudsters attack from every angle, limiting the effectiveness of the best one-dimensional defenses.
iovation offers the most secure, seamless, and comprehensive solution....
In today's digitally dependent business operations, an organization's IT infrastructure is a
crucial asset. This asset can be a competitive advantage, but it can also be a disadvantage
based on how well the organization evolves and utilizes its suite of IT assets relative to its
current and future competitors bent...
It is estimated that a business falls victim to a ransomware attack every 40 seconds, adding up to a projected $11.5 billion in damages for this year. As ransomware attacks become more targeted and damaging, your organization faces increased risk that can have your networks down for days or even weeks.
So, how can...
Customer accounts are an integral tool to help merchants foster customer loyalty. But when login credentials are compromised, they present a unique opportunity for fraudsters to commit CNP fraud and steal customer PII. In 2018 alone, Account Takeover attacks resulted in over $11 billion in losses.
The fallout from...
An Account Takeover (ATO) attack is exactly
what it sounds like: a bad actor acquires an
authorized user's login credentials, most
often by leveraging reused or similar passwords from previously breached sites.
With millions of usernames and passwords
stolen each year, ATOs are more common than
ever. Yet a...
To stay current, eCommerce retailers have to keep track of evolving shopping trends. And to stay profitable in a rapidly changing marketplace, merchants have to approve more orders, operate more efficiently, and fend off the costly threats of fraud, account takeovers, chargebacks, and false declines.
This survey...
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