Detect Remote Access Scams and Prevent Financial Loss Using Behavioral Biometrics
Remote access scam is a common form of fraud that has seen a dramatic rise since the start of the COVID-19 pandemic. In 2020 alone, the FBI’s Internet Crime Complaint Center reported receiving 15,421 complaints related to Tech Support Fraud from victims in 60 countries. The fraud losses exceeded $146 ... Read More
Fintech-Aggregatoren und Open Banking: Dienstleistungen ermöglichen oder unglückliche Hintertüren für Betrug öffnen?
Open Banking liegt im Trend. Die Europäische Zahlungsdienstleisterrichtlinie 2 (PSD2) hat die Finanzinstitute dazu verpflichtet, die Kontoinformationen ihrer Kunden, einschließlich historischer und aktueller Daten, für Drittanbieter (Third Party Provider, TPP) zu öffnen. Daraus ergeben sich zahlreiche Vorteile, wie die Möglichkeit für neue Finanzunternehmen, innovative Finanzdienstleistungen und Banklösungen für die breite ... Read More
Fintech aggregators and Open Banking: Service enablers or an unfortunate backdoor for fraud?
Open banking is here to stay. The European Payment Services Directive 2 (PSD2) has mandated financial institutions to open their customers’ account information, including historical and current data, to the Third-Party Provider (TPP) their customers engage with. This translates into numerous benefits, such as allowing new market participants to offer ... Read More
Three Lessons from an ID Theft Kingpin’s Fraud Factory
Brian Krebs recently posted “Confessions of an ID Theft Kingpin,” recounting the cybercrime career of Hieu Minh Ngo, who began dabbling in online fraud as a teenager in his native Vietnam before operating a series of online services popular with worldwide identity thieves looking to get their hands on “fullz,” ... Read More
The Sudden Significance of Digital Disruption
Businesses everywhere have realized the role digital technologies can play in increased operational agility, data availability, workforce enablement and revenue. Under normal circumstances, these tools are adopted strategically, allowing organizations to adapt and adjust their approach over time. Now a growing global health crisis is forcing millions of employees to ... Read More
How Increasing the Amount of Data Can Help us Overcome Information Overflow and Score Fatigue
What can we learn from our mistakes in automation and what’s in store for this trend in the future? In 2017 we saw plenty of attacks using a wide variety of methods, striking hard against the poorly-protected. We’re also seeing increasingly secure systems, with attacks that still manage to keep ... Read More
