By Jeff Domansky The biggest question in many retailers’ minds is whether fraud will take a front seat during the critical 2021 holiday shopping season that kicks off on Black Friday. In its latest quarterly crime report, financial crime management platform Feedzai said the value ...
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Cybersecurity
Cybersecurity
By Martin Cheek, VP, SmartSearch Money laundering is a perennial problem for institutions around the world. Only last year, the US passed a much-needed update to the Banking Secrecy Act, beefing up anti-money laundering measures and making it more difficult for bad actors to operate ...
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by Jeff Domansky Despite the promise of AI and its potential as a security tool, we’ve fallen into a world of pain when it comes to cybersecurity. That’s especially true when using CAPTCHAs to defend online forms or website access. If you’re like the average ...
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By Jeff Domansky Ramped up demand for unemployment benefits during the pandemic. Fraud detection budget cuts during previous low unemployment. Federal and state governments failure to take widespread security improvements seriously. Sophisticated fraudsters in foreign countries filing applications in bulk. The scale of US unemployment ...
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By Jeff Domansky, June 8, 2021 The largest stolen password collection of all time, 8.4 billion passwords, was leaked on one of the world’s most popular hacker forums. The anonymous hacker named the password compilation ‘RockYou2021‘ after the notorious 2009 RockYou data breach when threat actors ...
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By Jeff Domansky, June 3, 2021 The world of cybersecurity is not on the radar of the average American. That is, until yesterday when news broke of a Russian ransomware attack infiltrating operations of one of the largest US beef producers, Brazilian-owned JBS. The attack ...
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By Jeff Domansky, June 2, 2021 Two things jump out on first reading of Contrast Security’s 2021 State of Application Security in Financial Services Report. First, the financial services industry leaders surveyed are big organizations. Nearly two-thirds (66%) had more than 2,000 software developers and ...
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By Jeff Domansky, May 25, 2021 Last week, Check Point Research (CPR) released a study showing misconfiguration of third-party services by mobile app developers exposed emails, passwords, names, and other personal data for more than 100 million users. CPR outlines how lax security and the ...
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By Jeff Domansky, May 5, 2021 Three-quarters of financial institutions (74%) saw a significant spike in Covid-related fraud and cybercrime in the past 12 months. New research by BAE Systems Applied Intelligence shows a substantial jump in new pandemic-related threats, along with more significant security ...
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By Jeff Domansky, April 8, 2021 False declines are a $430 billion-plus global headache for retailers. A new Forter-Adobe collaboration aims to help businesses increase revenue by 2%-3% by increasing legitimate transaction approvals and reducing the number of false declines. Forter announced it has joined ...
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