Security News
Online fraud is a huge challenge for businesses and consumers alike as cybercriminals continue to develop new mechanisms to separate innocent parties from their money. Some reports suggest that scams claiming you can "Earn" lots of money from home with little effort and no risk have gone up by as much as 66% in the past year.
Entrust has announced a partnership with Netcetera to help financial institutions combat fraud associated with card-not-present transactions. The combined solution allows issuing banks to perform real-time risk analysis of online transactions based on a wide range of factors, and then to challenge the user with Strong Customer Authentication if a CNP transaction surpasses the risk threshold.
A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly after the WHO declared COVID-19 a global pandemic. New analysis by Aite Group finds the cost of synthetic fraud will rebound post-pandemic, reaching new highs.
Delivering advanced detection capabilities powered by artificial intelligence, NICE Actimize's New Account Fraud solution takes a comprehensive and fully connected approach that directly addresses fraud loss manifested by stolen and synthetic identities as well as other fraud schemes associated with the act of opening an account. From account origination to both early and ongoing account monitoring, NICE Actimize's New Account Fraud solution detects and prevents fraud across the customer's lifecycle.
Ping Identity launched PingOne Verify, a new cloud service that helps enterprises make it easy for customers to verify their identity for rapid account onboarding, authentication and fraud prevention. PingOne Verify empowers enterprises to improve customer convenience and strengthen security by streamlining identity verification when customers create new accounts, enroll in new services and other scenarios where risk is elevated.
Put another way, unemployment fraud has been rampant since the beginning of the pandemic, with virtually every US state affected. What exactly is unemployment fraud? While there are different types, the version seen during the COVID-19 pandemic involves filing fraudulent unemployment claims.
Dnsmasq vulnerabilities open networking devices, Linux distros to DNS cache poisoningSeven vulnerabilities affecting Dnsmasq, a caching DNS and DHCP server used in a variety of networking devices and Linux distributions, could be leveraged to mount DNS cache poisoning attack and/or to compromise vulnerable devices. Vulnerability management isn't working for cloud security: Here's how to do it rightThree things in life are seemingly guaranteed: death, taxes and high-profile cloud security breaches.
To select a suitable fraud detection solution for your business, you need to think about a variety of factors. A business is able to obtain a high fraud detection rate and low false positive rate.
With the growing threat of fraud fueled by the digital acceleration that took place in 2020, Experian revealed five emerging fraud threats facing businesses in 2021. To help businesses prepare for fraudulent activity in 2021, there are five fraud threats businesses should be aware of this year.
Equifax on Friday announced plans to shell out $640 million to acquire Kount, a company that sells e-commerce retail fraud protection. The Atlanta, Ga.-based Equifax said the deal would expand its worldwide footprint in digital identity and fraud prevention solutions.