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.
Would-be threat actors who lack technical skills can take advantage of cybercrime-as-a-service offerings that facilitate DDoS and other attacks for as little as $10.
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.
Concerns about tax security are leading experts to encourage Americans to file their personal returns as soon as possible. According to NBC Nightly News, early submission can help taxpayers thwart the growing faction of cybercriminals seeking to...
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.
IBM X-Force discovered a new overlay RAT malware that exploits the AutoIt framework to evade antivirus detection while perpetrating bank fraud in Brazil.
A new set of bitcoin malware attacks known as CryptoShuffler generates income for fraudsters by infecting device clipboards to replace wallet IDs.
Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.
New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.