As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
To defeat increasingly sophisticated fraudsters, security teams should pair their fraud detection tools with a device ID spoofing mechanism that automatically adapts to new threats.
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.
Omnichannel fraud has evolved to exploit the myriad technologies retailers have developed to enable consumers to purchase goods anytime, anywhere.
The threat landscape is expanding, and organizations must undergo a cognitive convergence to manage evolving security, fraud and operational risks.
A targeted phishing campaign aimed at Canadian businesses prompts users with high levels of access to divulge login credentials and authentication codes.
Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.
While consumers can't change their personal information, they can take preventative measures to protect their data from new account fraud.
New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.
When Red spots suspicious activity on Grandma's account, she needs a dynamic fraud protection tool to determine whether it's really her or a Big Bad Wolf.