Vice President at Appgate, Mike Lopez, offers his expert analysis on the survey findings and how this year's results were unique to the most current cyber threats.
Ransomware attacks are no longer a matter of if, but when. With 60-80% of attacks today exclusively using fileless techniques, ransomware attacks have become more sophisticated and harder to detect and recover from. Backups, even if immutable and air-gapped, are simply not enough anymore.
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Welcome to our report summarizing the 2023 Faces of Fraud survey.
We are most grateful to our 150+ industry contributors who answered our
questions frankly to enable us to provide a snapshot of the frauds causing
most concern for financial services in 2023.
The data shared in this report, as well as expert...
The ongoing rise in open source vulnerabilities and software supply chain attacks poses a growing threat to businesses, which heavily rely on applications for success. Between 70 and 90 percent of organizations’ code base is open source, while vulnerabilities such as Log4j have significantly exposed organizations...
Companies are increasingly concerned about the security of applications built on open source components, especially when they’re involved in mergers and acquisitions. Just like copyright for works of art, each piece of open source software has a license that states legally binding conditions for its use. Licenses...
It has become a cliche in payments circles: Faster payments equals faster fraud. But John Filby and Yogesh Patel of Outseer say behavioral biometrics and generative AI are among the emerging technologies fueling new ways to empower layered defenses.
The expanding RTP landscape represents a definitive transformation in how consumers and organizations interact.
Constantly evolving payments demand agile tools, practices, and processes that enable greater defense against continually manifesting scams and fraud. The FedNow Service launch is right around the...
The onset of COVID-19 has fast-tracked the trend of mobile-first banking. Mobile banking opens a whole new can of worms that security teams must prepare for. This means that it's more important than ever for banks to have robust cybersecurity measures in place to protect their customers.
Download this whitepaper to...
2022 taught us that fincrime is anything but predictable. Fraud activities and scams have rapidly evolved, accompanied by increasingly audacious fraudsters. From individuals to businesses, government entities to financial institutions (FIs).
Download our comprehensive whitepaper to learn how to:
Build robust fraud...
Fraudsters and cybercriminals are continuously finding new opportunities to exploit online activity, transactions, and the generosity of individuals.
Stay one step ahead of fraud with our new Insights Article. Gain valuable knowledge about the latest fraud trends, effective preparations, and preventive measures to...
Email platform attacks are a rising threat, accounting for more than $4 million in losses. There are three common types of attacks including, account takeover and MFA bypass, malicious app integration and over-permissioned apps, and privilege escalation and Insider threats.
Preventing these attacks requires a...
Learn about the cyber risks associated with more robust, complex cloud email platforms and how security posture management can reduce your vulnerabilities.
The emergence of real-time payments has transformed the financial industry, but it has also opened the door to new threats and challenges for fraud prevention and anti-money laundering professionals in the US.
Download this e-Book to discover:
The latest trends in real-time payments
Effective strategies for...
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