As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.
With so many ways to connect with banks today, financial organizations need omnichannel fraud detection tools to distinguish customers from fraudsters.
IBM Research — Haifa Labs detected yet another malware campaign, dubbed EmbusteBot, designed to target dozens of financial institutions in Brazil.
The revised Payments Services Directive (PSD2) is designed to open the online banking and e-commerce markets to new forms of regulated payments.
Cognitive fraud detection technology enables banks to enhance mobile security without diminishing the seamless user experience customers demand.
As mobile banking increases in popularity, cybercriminals begin to flood the channel with threats. Banks need better security tools to keep up.
Financial institutions are trying to protect customers from fraud, but their efforts often leave much to be desired with respect to the customer experience
The IBM X-Force Security Research team has discovered some interesting new information involving the Dyre Trojan, which is now targeting Spanish banks.
Fraud attacks may not yet be prevalent on mobile banking channels, but institutions should still strive to get out in front of the challenge.
IBM Security Trusteer has discovered a tool called KL-Remote that is helping cybercriminals in Brazil commit online banking fraud with a "virtual mugging."