IBM Security's "Future of Identity Study" found that consumers don't trust social media networks to securely collect their identity data.
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.
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.
New identity theft statistics revealed that 91.4 percent of breached records were stolen from businesses in 2017. What's the next step for enterprises looking to shore up corporate defense?
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.
Financial companies that provide mobile services need advanced malware detection tools and threat intelligence to protect customers from financial fraud.
As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.