Articles

Articles

Mastercard’s Approach to Passive Biometric Authentication

October 31, 2019 -- Since the adoption of EMV chip technology has made card-present fraud much harder to get away with, criminals are increasingly turning to the cyber world to steal personal information, money, and other valuable material.[quote]"So part of the core technology NuDetect brings to the table is being able to, in real time, figure out which signals are indicative of a legitimate consumer in any given channel interaction, and then distinguish bots from a real consumer at that

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The Consequence of Mobile Convenience

October 11, 2019 -- The stage is set ready for a record-setting mobile shopping holiday season with Black Friday, Cyber Monday and the run-up to Christmas. The global mobile-payment market is expected to reach $10.07 trillion by 2026, according to market-research firm Reports and Data. [quote]"There should not have to be a trade-off between security and mobile usage, and mobile transactions shouldn’t need to increase friction to catch bad guys. Higher accuracy and fewer false positives are possible with existing

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The breach wave has created a crisis of trust

September 03, 2019 -- Since 2013, attackers have exposed 14 billion records that are often used for account takeover or new-account fraud. Additionally, creative fraudsters can leverage legitimate account information to generate fake or synthetic accounts that blend in with legitimate users.[quote]"Consumers have a role to play to fight fraudulent activity in their account. This involves good account hygiene (e.g., to use a different password for every website or application) and insurance against identity theft."[/quote] For the complete article, go

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The Evolving Business E-Mail Scams

August 08, 2019 -- About 35,000 executives from some of the world’s biggest banks and mortgage companies never imagined themselves as being on a cyber hit list, until they were. Cybercriminals with hopes of tricking executives into money transfers embarked on a very professional business e-mail compromise (BEC) scam discovered by security researchers at Agari. If normal phishers are hoping to hook an ordinary fish with their scams, business e-mail compromise scammers are looking for whales with access to significant

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Bot fraudsters give human ones a run for their money

June 17, 2019 -- With artificial intelligence added into the mix, bots are now able to mimic humans with greater accuracy, and make it look like someone is actually interacting with a form on a web page, creating a greater fraud risk. The cybercrime economy is estimated to reap $1.5 trillion in profits a year, according to a Bromium/Ponemon study. Those profits are in part achieved by bots and botnets, the automated workers of the internet.Here's what Robert Capps had

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