The mobile revolution has made it simpler and faster for banking customers to conduct financial transactions, but it has also expanded the attack surface for fraudsters aiming to steal sensitive data.
As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
New Year, New Account Fraud: Identity Theft May Be Holding Back Your Customer Experience Resolutions
Financial institutions looking to improve the customer experience in 2018 should implement multilayered security solutions to crack down on identity theft and detect new account fraud.
Banks are already privy to the threat of physical breaches, but many remain unaware of the ATM network security gaps that could enable fraudsters to access their systems.
A new cybergang operating a recent variant of the Ursnif Trojan has planted its flag in Australia, targeting banking customers with redirection attacks.
A new banking Trojan is using old PowerShell tricks to hide its activity from detection tools by continually launching malicious CHM files.
Cisco Talos discovered a new banking Trojan that exploits an authentic VMware binary to hide its malicious activities from security researchers.
A new, upgraded version of remote access malware Client Maximus points to the growing sophistication of cybercriminals in Brazil.
Effective ATM network protection requires a combination of basic and advanced approaches and a strong SIEM solution to monitor anomalous activity.
As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.