Fraud explodes in tough times, and do times come any tougher than they have with COVID-19? In this latest Cybersecurity Leadership panel, CEOs and CISOs describe their efforts to spot and stop emerging fraud schemes involving synthetic IDs, social engineering and greater insider risks.
If FireEye - one of the top cybersecurity firms - can't protect itself, how can clients be sure anything from anyone will keep them safe? The myth of a "secured environment" has been revealed to be exactly that.
India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
In a bid to reduce rising impersonation and identity theft cases, the Monetary Authority of Singapore is proposing to require the use of enhanced identify verification during mobile and online banking transactions.
Takeaway from the U.K.'s GDPR privacy fine against hotel giant Marriott: During M&A, review an organization's cybersecurity posture before finalizing any acquisition. Because once a deal closes, you're fully responsible for data security - IT network warts and all.
Validating identity across every digital channel is essential to track money movement information and help control P2P payment fraud, two fraud-fighting experts say.
To help prevent fraud, banks must leverage technologies such as behavioral analytics, device biometrics and one-time passcodes, says Nancy Guglielmo, senior vice president at the Bank Policy Institute.
Too many companies that are implementing behavioral biometrics to combat fraud lack a complete understanding of how to make the most of the technology, says David Lacey, managing director at IDCARE, Australia and New Zealand's not-for-profit national identity and cyber support service.
Continuous authentication can play a key role in combating fraud, says John Buzzard, lead fraud and security analyst at Javelin Strategy & Research, who discusses the role of behavioral biometrics.
Device biometrics technology has been enhanced to support detecting and fighting fraud at an early stage, says G. D. Balasubramaniam, a senior vice president at DBS Bank in Singapore.
Ramping up authentication as e-commerce continues to grow requires achieving a delicate balance of a frictionless, yet secure, consumer experience, says Robert Capps of NuData Security, a unit of Mastercard.
To implement passwordless authentication, organizations need to integrate multifactor authentication with biometrics, says Abid Adam, group CISO and group head of privacy at Axiata, a telecommunications conglomerate based in Malaysia.
To battle against a surge in cybercrime during the COVID-19 pandemic, enterprises need to take several steps, including periodic vulnerability and risk assessment tests and regular audits, says Rajan Pant, founder of IT-SERT of Nepal. Pant also is calling on the government to take action.
The identity and access management strategy for the remote workforce should ensure contextual authentication to establish the credentials of the users, apply risk-based authentication for measuring user risk profiles, and establish a multifactor authentication mechanism, a panel of experts says.
Fake fingerprints created with a 3D printer can bypass biometric scanners to unlock smartphones, laptops and other devices under certain circumstances, according to a study from a Cisco Talos.
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