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…

Fraud Management Metrics that Drive Investment

If your role is responsible for a budget, your work ultimately revolves around one word: metrics.  It is a word we often dread, because we can never seem to get it right.  I live and breathe metrics in marketing, and if you are the gal or guy responsible for the fraud management or cyber security…

Act at the Speed of Fraud: Take the Challenge

How fast can you find fraud?  That is the challenge put forth by the RSA Fraud & Risk Intelligence team at RSA Conference 2017. Why the emphasis on speed? Simply put, the faster an organization can isolate the source of fraud, the faster they can respond. And based on RSA’s research, there is a gaping…

Defending a Decade of Phishing and Cybercrime

With holiday shopping season in full swing, many of us are feeling just like the guy in the song, “The 12 Pains of Christmas.”  I have my own two personal pains with the holidays, and I am still deciding which one is more annoying: Elf on the Shelf, or, the mountain of phishing emails I have…

Cybercrime in Social Media Grows 70% in Six Months

These days, all you need to do is type “botnet,” “hacking,” “DDoS,” “CVV2,” or any other cybercrime-related term into the search bar on most social media platforms, and you will find a plethora of fraud activity occurring in plain sight.  As reported earlier this year by RSA, social media has become a breeding ground for cybercrime-related…

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…

Recognizing and Combating Cybercrime: A Virtual Chat

The goal of cybercrime doesn’t change, but the tactics do.  This week’s theme for National Cyber Security Awareness Month is Recognizing and Combating Cybercrime.  One of the questions to be addressed is: What are cybercriminals looking to gain from attacks? With the impact of cybercrime costing the global economy about $445 billion in 2016, which is more than the market…

New Research Reveals: Phishers Launch a New Attack Every 30 Seconds

As long as users can be fooled, phishing will continue to proliferate.  In fact, many major breaches start as a targeted phishing email.  According to the latest statistics from RSA FraudAction researchers, more than one million unique attacks have been identified in the last 12 months, or, more simply put, a new phishing attack is launched every 30…

The Role of Money Mules in New Multi-Million Dollar Scams

I have written previously about CEO fraud where employees receive an email which appears to come from a company executive directing them to erroneously wire money to an overseas bank account. Now, fraudsters are redirecting their efforts to a new internal target: accounts payable. According to IBAN, the scam works this way: The fraudsters intercept emails or compromise…