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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Cybersecurity
Cybersecurity
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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By Rafael Lourenco, EVP, and Partner, ClearSale March 25, 2021 As the world pivoted to online shopping, work, and learning last year, the timeline for mobile usage growth jumped ahead by two to three years in the first half of 2020. Many retailers rolled out shopping ...
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By Ron Hynes, CEO of Vesta March 22, 2021 Global losses from payment fraud tripled from 2011 to 2020, and card-not-present (CNP) fraud is proving to be among the most pervasive. Some analysts estimate that retailers will lose $130 billion globally to CNP fraud by ...
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By Jeff Domansky, March 17, 2021 New research from Aite Group shows 47% of US consumers experienced financial identity theft (application fraud in their name or account takeover) in the past two years. In 2019, losses from identity theft cases were $502.5 billion and rapidly ...
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By Jeff Domansky, March 9, 2021 Consumers quickly embraced e-commerce and online payments last year while fraudsters high-fived with record purchase scams, impersonation, money mule schemes, and account takeover scams. A new report from risk management platform Feedzai surveyed 2020 fraud results and painted a ...
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By Jeff Domansky, Feb 22, 2021 When it comes to fraud, universities are just one more appealing target for cybercriminals. Like many businesses, universities are taking proactive measures to prevent B2B fraud, and they’re looking to digital identity platforms and automation to reduce their vulnerability ...
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By Jeff Domansky, Jan 25, 2021 With the new US administration in town, there’s a huge volume of payment news and new developments in the payments industry, and we’ve got highlights to keep you up to speed and in the know. 12 billion records stolen ...
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