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Showing Blog Posts: 1–10 of 16 tagged Fraud

  • How Cybersecurity Impacts Customer Loyalty

    by Alisdair Faulkner on June 21, 2016

    When it comes to banking, e-commerce and other online activities, fraud is one of consumers’ top concerns. In fact, insights from a recent First Annapolis and ThreatMetrix consumer study showed that more than half of consumers (55 percent) are extremely concerned about the risks of banking and payments-related fraud, with 46 percent indicating their fraud concerns have increased in the past two…

  • Perfecting Risk-Based Authentication: Deciphering Multi-Layered Identity Proofing Strategies

    by Gasan Awad on May 12, 2016

    Fraudsters are a smart group. With each fraud prevention method that’s introduced, they figure out ways to work around it. Organizations must be careful when using technologies that fraudsters may have compromised, but that doesn’t mean throwing everything out and starting from scratch. As with many things, in security and fraud prevention one tool is never enough. An alarm system makes your home…

  • Peers Explore Retail Cybersecurity, Metrics and Fraud Prevention

    by RSAC Contributor on May 4, 2016

    By Steve Winterfeld, Director of Cybersecurity, Nordstrom The session Integrating Retail Cybersecurity, Loss Prevention, Risk, Fraud and Privacy had a very engaged team. We had active participation from Fortune 10 retailers, major banks, the health industry and vendors. Our discussion focused on what companies are doing to integrate functions including cybersecurity, loss prevention, risk, fraud, …

  • How a Security CEO Fell Prey to Scammers (Almost)

    by David Needle on March 3, 2016

    Having a security breach is one of every company’s worst nightmares. But the bad guys don’t just try to compromise your computer systems, they also use social manipulation and phony email addresses and domains to try and steal information and funds from right out from under your nose. That’s exactly what happened two years ago to Tom Kemp, CEO of cloud security firm Centrify. And the problem has…

  • Security in 2016: The RSAC Advisory Board's Industry Predictions

    by Jennifer Lawinski on December 21, 2015

    The security landscape is constantly evolving, and while it's hard to predict the future, the experts of the RSAC Advisory Board have rubbed their crystal balls and offer some insight into where they see the industry moving next year. What can we expect to see in 2016? Healthcare data will be more valuable to hackers, although experts disagree on how high-profile hacks will be next year. …

  • EMV Leads to Increased Digital Risks This Holiday Shopping Season

    by Alisdair Faulkner on December 16, 2015

    The deadline for U.S. retailers and credit card processors to adopt the Europay-MasterCard-Visa (EMV) global standard chip cards passed in October, and those who have yet to adopt the technology will now be liable for any point-of-sale (POS) fraud losses. Given the high-profile retail data breaches in recent years—including Home Depot, Michael’s, Neiman Marcus and Sally Beauty—all of which were…

  • Combating Digital 'Overage' in a Goods-'Shrinkage' World

    by Chenxi Wang on December 14, 2015

    It’s that time again, when retail businesses across the country expect to see the year's highest volume of consumer transactions. Stores are decked out, discounts are advertised, and shoppers—both physical and cyber—are rolling in. A friend of mine, a manager of several retail branch stores for a national brand, told me that in brick-and-mortar retail stores, they keep in mind the concept of…

  • Getting Ready for the Holiday Hacking Season

    by Wendy Nather on December 7, 2015

    Here at the Retail Cyber Intelligence Sharing Center (R-CISC), we're bracing ourselves for one of the busiest times of year — not just for retailers, but for criminals. Of course, not all retailers see huge increases in sales volume right now (when's the last time you got a tire as a present?), but for many, this is a critical period. During peak shopping windows, availability is everything. If a…

  • How to Stay Safe on Cyber Monday

    by Jennifer Lawinski on November 30, 2015

    Tis the season for online fraud. And this year's Cyber Monday is expected to give cybercriminals more potential victims than ever before. Adobe expects online shoppers will spend more than $3 billion online today, and that's just the tip of the iceberg. More than 270 million shoppers are expected to spend more than $83 billion throughout the holiday season, and more than half of those purchases…

  • Criminals Use CEO Emails to Target Companies

    by RSAC Contributor on September 3, 2015

    That email from the CEO in your inbox may not be real. Stop and pick up the phone to make sure it's legitimate before you take action. The FBI said cybercriminals stole nearly $750 million from more than 7,000 companies in the United States between October 2013 and August 2015. When you include international victims, total losses from business-to-email attacks exceed $1.2 billion. Attackers, …

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