Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud still has a long way to go. He'll be the keynoter at ISMG's Fraud and Breach Summit in Chicago on May 14.
The rapidly changing cybercrime landscape has required organizations to seek new methods, such as machine learning, that enable systems to learn, adapt, and uncover emerging fraud patterns quickly. However, there are many debates about the merits of machine learning models for fraud detection and which one works...
Known for targeting banks and ATMs in Russia and other Eastern European countries, the "Silence" gang apparently is now expanding into other regions, using a combination of custom malicious tools and "living-off-the-land" techniques, researchers report.
Latha Reddy, India's former deputy national security adviser, says the nation should designate election infrastructure as "critical information infrastructure" to help ensure that cybersecurity is a much higher priority. She also spells out other critical steps.
Fraud, e-hustles and social engineering attacks continues to proliferate, the FBI's latest report into the state of internet crime confirms. But over the past year, a new FBI tactic for quickly stopping fraudulent wire transfers has notched notable successes.
Indian IT service firm Wipro on Tuesday said that it has detected abnormal activities on some of its employee accounts due to an advanced phishing campaign. An investigation is continuing, the company confirms.
Microsoft says intruders targeting its email services had access to email content for a single-digit percentage of the overall affected accounts, a more serious conclusion than first thought. But the company hasn't released many details, including the total number of accounts affected.
In an all-digital world, ID theft is everywhere and is holding companies back. Companies in every industry are seeing a very real and significant impact on their goals. ID fraud isn't just a nuisance; it's a true threat to the business. Traditional identity verification (IDV) methods are increasingly compromised and...
When it comes to user onboarding, there's a tension between security and convenience. Try to shortcut security, and you'll pay the price. But add too much friction and you'll struggle to scale. So how can you optimize your user experience to introduce just the right amount of 'friendly' friction and unlock...
Identity theft is the fastest growing crime in the US. Globally, 1 in 60 online transactions are fraudulent. And if you don't know who your customers are, you can't onboard them to your platform.
Download this ebook to learn more about the future of digital onboarding.
WikiLeaks founder Julian Assange's hacker roots and nontraditional approach to journalism may prove damaging following his arrest on Thursday. He's been charged with one count of conspiracy, but U.S. prosecutors still have time to file more serous charges pending his extradition from the U.K.
Two Romanian nationals have been convicted by a federal jury for their roles in stealing more than $4 million from victims by creating a botnet of more than 400,000 PCs through custom-designed malware called Bayrob.