Showing Blog Posts: 1–10 of 20 tagged Fraud

  • Social Media: The New Public Square for Fraudsters

    by Heidi Bleau on February 14, 2019

    Twitter CEO, Jack Dorsey, spoke perhaps one of the most memorable references to social media when he dubbed it the new “public square.” It is true that social media has become the gathering place for all kinds, yet it is not always the right kind. Fraudsters and hackers have been flooding the social scene in recent years, coming together to sell and trade illicit goods. If you search for…

  • If You Haven’t Filed Your Taxes, You May Want to Get Them Filed Today

    by RSAC Editorial Team on March 9, 2018

    In 2016, the IRS paid out nearly $239 million in “suspect tax refunds” and while the organization announced a steep decline in tax-related identity theft last year, fraud is an ongoing issue this time of year. In light of recent data breaches that made U.S. residents’ personal information more vulnerable than usual, it is likely that the number of fraudulent tax returns will increase in 2018. So, …

  • How to Spot (and Stop) Insider Threats

    by Jennifer Lawinski on November 1, 2016

    In light of recent news that the FBI arrested another NSA contractor for allegedly stealing state secrets in August, we sat down with insider threat expert Dawn Cappelli, Vice President and Chief Information Security Officer at Rockwell Automation, to talk about what businesses can do to combat malicious insider activity. RSAC: What are the different types of insider threats companies need to be…

  • Perfecting Risk-Based Authentication: Applying the Right Tools to Lessen Risk

    by Gasan Awad on September 7, 2016

    Eighty percent of respondents to Kroll’s Global Fraud Report 2015/2016 said their organizations became more vulnerable to fraud in the past year. This means organizations need to be more aggressive in their collective approach to keeping fraud under control, including using a combination of fraud mitigation, identity proofing and account validation. In today’s competitive market, organizations…

  • 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…

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