Security News

Swedbank partners with ACI Worldwide to enhance its fraud platform with ACI Fraud Management
2021-07-06 23:15

ACI Worldwide announced that its partnership with Swedbank has contributed to a 55 percent decrease in card fraud, helping to improve customer experience and business growth for the Swedish bank. The bank partnered with ACI to enhance its fraud platform with the help of ACI Fraud Management and has transitioned from a rules-based to a holistic fraud management approach - which now applies insights from machine learning and shared data in addition to rules - to exempt low-risk transactions from the SCA requirements.

What's this about a lawyer looking for an heir? City of London Police seek IT crew to help crack down on fraud
2021-07-05 15:13

City of London Police is looking to crack down on cybercrime with the purchase of "Next-generation IT services" in the hopes it will beef up the systems supporting Action Fraud and the National Fraud Intelligence Bureau. Action Fraud - founded in 2006 - is the UK's national reporting centre for fraud and cybercrime.

Week in review: PoC for Windows Print Spooler flaw leaked, conquering synthetic identity fraud
2021-07-04 08:00

PoC for critical Windows Print Spooler flaw leakedMicrosoft has confirmed that the so-called PrintNightmare vulnerability is not the same flaw as the previously patched CVE-2021-1675, and that the leaked PoC exploits can be used to exploit this RCE zero-day. Cisco security devices targeted with CVE-2020-3580 PoC exploitAttackers and bug hunters are leveraging an exploit for CVE-2020-3580 to compromise vulnerable security devices running Cisco ASA or FTD software.

Facebook Sues 4 Vietnamese for Hacking Accounts and $36 Million Ad Fraud
2021-07-01 02:34

Facebook on Tuesday revealed it filed two separate legal actions against perpetrators who abused its ad platform to run deceptive advertisements in violation of the company's Terms and Advertising Policies. "In the second case, the defendants are a group of individuals located in Vietnam who got users to self-compromise their Facebook accounts and ran millions of dollars of unauthorized ads."

Mitek Check Fraud Defender protects against sophisticated check fraud attacks
2021-07-01 02:30

Mitek introduced Check Fraud Defender, an artificial intelligence-powered, cloud-hosted consortium for financial institutions to counteract check fraud. An important addition to a financial institution's fraud-fighting protocols, Check Fraud Defender helps protect against the growing sophistication of check fraud attacks.

How to conquer synthetic identity fraud
2021-06-29 05:30

"No single organization can stop synthetic identity fraud on its own," reports The Federal Reserve. As within each of these examples, the same concept applies in fighting identity fraud, which we cannot defeat entity by entity, individual by individual-but as a unified, global consortium working to detect fraud.

Ping Identity acquires SecuredTouch, accelerates identity fraud capabilities
2021-06-22 22:30

Ping Identity has acquired SecuredTouch, a provider of fraud and bot detection and mitigation. As SecuredTouch is integrated with the broader PingOne Cloud Platform, enterprise customers will have access to advanced signals, data, and intelligence to gain a greater understanding of fraudster behavior, and step up authentication when needed to stop malicious activity and reduce fraud loss.

RSA Spins Out Fraud and Risk Intelligence Unit as Standalone Company Outseer
2021-06-11 14:44

RSA Security this week announced that its fraud and risk intelligence unit has become a new standalone company named Outseer. The spinout company will be led by CEO Reed Taussig, who previously served as CEO of Apptimize and ThreatMetrix.

RSA introduces Outseer, a spinout of its Fraud & Risk Intelligence unit
2021-06-10 23:00

RSA Security announced the transition of its Fraud & Risk Intelligence business into a new standalone company serving a worldwide customer and partner community. The new organization, Outseer, is led by CEO Reed Taussig who joined the RSA Fraud & Risk Intelligence business in late 2020 and is a veteran of the fraud prevention and digital identity industry.

Bad Apple: App Store Rife with Fraud, Fleeceware
2021-06-07 19:37

A new analysis from the Washington Post reveals just how widespread fraud is across the Apple App Store, while also offering glimpse into the revenue flowing into Cupertino generated by those malicious activities. The Apple App Store has been under heightened scrutiny for maintaining its iron grip on the apps available to iOS users.