From Multi-Layer Protection

cyber fraud in Europe

Facing Reality – The Rise of Cyber Fraud in Europe

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Although it is difficult to calculate the exact amount of money lost to cyber fraud each year, it is clear that European cyber fraud is on the rise. European card fraud losses increased over 6% Read more

New Version of Browsing Solution Includes Splash Screens, User Identifier Capture

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Detect Safe Browsing (DSB), our secure browsing solution, now makes it even easier to defend users against the advanced malware that enables man-in-the-middle and man-in-the-browser attacks. Read more

How Can You Make Your Anti-Fraud Program More Effective?

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According to a recent study, 62% of companies were subject to payments fraud in 2014, with 19% of organizations losing more than $250,000. In addition to tangible losses, there’s negative impact that can’t be measured including stockholder trust, employee morale and most importantly, the reputation of the company and its ability to gain and/or retain business. Read more

Why Are Phishing Attacks Still Effective? And What to Do

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The e-mail reads, “Click here to download your report.” It appears to be from a credible source, but the link leads to a website created solely for the purpose of information theft. Cybers-cammers strike again using phishing e-mails to trick recipients into clicking on links and typing in their personal information. In most instances the user has no idea they have walked right into a trap. According to findings recently released by Intel Security, 97% of people globally are unable to correctly identify phishing e-mails. Read more

New .bank gTLD Launching Today Requires DMARC—Will It Matter?

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After much effort on behalf of a coalition of organizations and individuals to build security requirements around the generic top-level domain (gTLD) “.bank”, banks will be able to register their unique gTLD starting today (June 24). Now it’s up to the financial services institutions themselves Read more

Mobile Payment Apps

Can Smartphones Solve ATM Skimming?

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ATM skimming remains a big business for organized crime rings. According to a recent article in, card skimming accounted for more than $2 billion in losses. One new approach that banks are exploring to mitigate this particular vector of fraud, is the notion of using smartphones as a second Read more

Preventing Fraud

Preventing Fraud is a Business Decision

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In my experience as a fraud prevention consultant, I constantly have discussions with financial institutions and with different profiles of fraud prevention managers. Each with its own way of visualizing fraud and thus its own strategy to reduce it. The fact is that regardless of the institution and the fraud managers' profile, there are three key considerations to be given before deciding how to deal with fraud, keeping in mind that it is virtually impossible to eliminate. Read more

How Same-Day ACH Transactions Would Actually Work

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A couple of weeks ago, we posted a piece discussing how the implementation of same-day Automated Clearing House (ACH) transactions would affect the fraud operations of American banks. Essentially, same-day settlement would provide a very small window of opportunity to stop or reverse payments once authorized and completed. Read more

Fraud Intelligence Portal

The New Easy Solutions Customer Portal Streamlines Fraud Detection and Prevention

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We often hear fraud managers being dissatisfied with their current anti-fraud posture and believing that comprehensive protection is overly complicated and overly expensive. Not only is integrating separate solutions from a variety of vendors difficult, costly and time consuming, but oftentimes different services from the same vendor are nearly Read more

DetectID Now Offers Transaction Signing and Push Authentication for Windows Phone and Blackberry

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With iOS and Android’s dominance in the mobile operating system market, it can be easy to overlook that a still-significant portion of the world’s smartphone and tablet owners use other operating systems. Windows Phone and Blackberry are not as popular in the US as iOS or Android, but their usage is considerably more common in many European, Asian and Latin American countries. This proportion of Windows Phone and Blackberry users also rises significantly higher when focusing on the enterprise and government sectors, where tight security and lack of exposure to malware is held in higher esteem compared to the general population. The tendency is for many major app developers is to concentrate on iOS and Android and let other mobile operating system applications languish for months without updates. But financial institutions should resist this temptation, not only because it leaves a chunk of customers with no way to securely perform mobile transactions, but also because it denies banks a way to offer these customers value-added activities that can generate revenue. Read more