Tag: Banking Security

Limor Golan is a self-described hyperactive developer who works best under stress. Trusteer was so impressed they created a role specifically for her to improve security operations through automation.

The U.S. Secret Service is investigating a new ATM attack that, unlike previous "cash-out" attacks, uses advanced, custom-build skimmers to steal credit card information and PINs.

Shir Levin used to report on government and law, but her journalism career wasn't data-driven enough for her. She now uses her experience in news, psychology and statistics to fight identity fraud.

Researchers discovered a new ATM fraud scheme that attacks both the front and back ends of ATM networks virtually, making it harder to remediate than traditional schemes that target physical machines.

In July 2018, Researches reported three fake Android banking apps that phished for users' credit card details and leaked them online by transferring them to an exposed server.

New regulation requires all financial institutions in New York City to conduct thorough risk assessments for application security and other IT issues and implement programs to address those risks.

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.

New security standards around open banking focus on multifactor authentication and monitoring of transactions but largely ignore device security.

According to IBM's "Future of Identity Study," consumers are beginning to prioritize security over convenience, making trust a crucial competitive advantage for financial institutions.

As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.