Anti-fraud security is a necessary priority for financial institutions. However, many organizations allow their internal security to fall to the wayside.
Here at Cyxtera, we take in pride in our machine learning technology that helps us find and take down the vast majority of phishing websites almost as soon as they go live. But for some stubborn attacks, nothing beats a human touch.
Typically, anti-phishing protection is a hammer that views every malicious site as a similarly-sized nail. It discovers a phishing site, slates it for removal, and eventually removes it from the internet so that users can’t click on or enter their credentials into it.
Over the years, one of the most common things we have heard from community banks and credit unions is that they are not the target of phishing, malware, or email spoofing.
Balancing user experience with strong transaction and login protection is a constant battle for financial institutions – one that can have tangible consequences for both bank and customer.
We have long passed the inflection point on the digital transformation. To be a bank in 2019 is to be a digital bank as well, period.
Seeing the signature green padlock and “https” in the browser bar means one thing for most internet users: safety. However, is this sense of security justified?
The password is dead. With an overwhelming 81% of data breaches occurring as a result of stolen or compromised credentials, passwords fail to provide secure access for end users.
The best way to predict the future is to study the past, and while cybercrime is a relatively new criminal endeavor, it has been around long enough for the experts at Cyxtera to look into their Magic 8 Ball™ and make some well- informed predictions about what’s in store for 2019.
The threat has never been greater – attacks are reaching unprecedented levels of complexity and criminals are ever more innovative in their fraud strategies.