Consumer Security

New Survey: Consumers Increase Security Expectations in Wake of Password Breaches

Several years ago, I was talking to an organization which had recently deployed risk-based authentication on its online customer portal. Based on their business model, I was especially curious to learn why they had selected to add consumer authentication to their website.  The answer was simple, “It is a competitive advantage for us.” Fast forward…

The $5 Billion Fraud Problem

When explaining my profession to people I meet, they often tell me about the time their card was “frauded.” I always enjoy this conversation, as it provides insight into the human victim element of a fraud event. The breadth of emotions typically ranges from, “How did this happen and how do we track down the…

2017 Global Fraud and Cybercrime Forecast

From mobile threats and malware, to the organizations on the target lists of e-commerce fraud – a myriad of threats exist across the cyber landscape and the commoditization of cybercrime is making it easier and cheaper to launch attacks on a global scale.  If you are a believer that the best predictor of future events…

PSD2 and the E-Commerce Ecosystem

Authored by Ian Newns The European Banking Authority recently drafted the latest Directive on Payment Services II (PSD2), which serves as the legal foundation for a cross-EU payments market.  In 2016, European e-commerce sales are expected to increase 17% to €183 billion and the use of payment service providers (PSPs) is increasing significantly. Couple this with…

Where Is My Cybersecurity Rosetta Stone?

This week’s theme for National Cyber Security Awareness Month is “Cyber from the Break Room to the Board Room.” Communication, like anything else worth getting better at, takes practice. Sometimes it takes planning to know what we want to say and how we want to say it. We also need to anticipate who our audience is…

Six Steps For Cybercrime Survival

While recently cleaning my grandfather’s attic, I came across an old Federal Civil Defense Administration brochure titled “Six Steps to Survival – If an enemy attacked today would you know what to do?”  In our modern times, many of us are being attacked on a daily basis by cybercriminals. As such, do you know what…

Best Advice for Digital Citizens – Stop. Think. Connect.™

October is kind of a big deal here at RSA. It’s National Cyber Security Awareness Month (NCSAM) and it gives us an opportunity to bring to the general public’s attention to a critical mission that we are focused on all year long – keeping businesses and individuals safe from cybercrime. It’s unfortunate that cybercrime is impactful…

Credential Checking Services Soar in Popularity on Dark Web

If you’ve ever needed another reason to not recycle your passwords, I give you Sentry MBA. Although the tool has been around for a couple of years, it has recently been soaring in popularity among those in the fraud community which is no surprise with more than 1.5 billion consumer credentials breached so far this year. The…

The Value of Transaction Risk Analysis for Consumer Authentication

The recent consultation paper set forth by the European Banking Association (EBA) surrounding the call for comments on the regulatory technical requirements for strong customer authentication under PSD2 has created a buzz.  In particular, while the EBA recognizes the “merit” of transaction risk analysis, it has called into question the ability to allow it “as…

The Perils of Consumer Single Sign-On

From social media to gaming sites, every headline of a new breach makes me groan, “Time to change my password.”  It’s a begrudging task, but I still have not been pwned.  Aside from the risks associated with the common problem of password recycling among consumers, there are far too many online websites that enable consumers…