Security News

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.

In other words, for any fraud solution to be practical, it must be easily integrated into security and fraud operations. Any fraud detection and prevention solution that purports to blend seamlessly into existing operations should, at a minimum, provide the three "R's":. Recommendation: No matter what type of data modeling, AI, machine learning, or analysis are happening behind the scenes, a good fraud detection and prevention solution needs to provide a clear and concise recommendation.

Organizations with call centers must keep this in mind and take an omnichannel strategy to fraud mitigation: end consumers, call center agents, security teams, and technology must work together to stop fraud. Fraudsters exploit self-service prompts and call flows to steal information they will use at a later date; with contemporary technology and machine learning, it's possible to predict probable fraud attempts up to two months in advance.

A large scale phishing scam is underway that pretends to be a security notice from Chase stating that fraudulent activity has been detected and caused the recipient's account to be blocked. One recipient said they fell for the scam after their card was denied in a purchase online and thought the email was a legitimate Chase fraud alert.