Increased EMV adoption is putting a dent in credit card fraud protection efforts, but cybercriminals continue to exploit security gaps in financial and retail organizations to steal card details.
IBM X-Force IRIS observed a widespread business email compromise (BEC) campaign targeting many Fortune 500 companies that exploits flaws in common accounts payable processes.
As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
According to a recent report, the number of identity fraud victims rose by 8 percent to 16.7 million U.S. consumers in 2017, due in large part to a surge in account takeover attacks.
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.
During the busy holiday shopping season, retailers must make decisions about e-commerce fraud rapidly to keep pace with demanding delivery schedules.
The threat landscape is expanding, and organizations must undergo a cognitive convergence to manage evolving security, fraud and operational risks.
For retailers who are primarily concerned with minimizing chargebacks, the total cost of e-commerce fraud is worse than they realize.