The financial services industry is in the midst of sweeping change. Earlier this year, we saw one of the latest shifts with the introduction of the European Union's revised Payment Services Directive (PSD2). PSD2's Strong Customer Authentication (SCA) section requires two factors for authentication.
Financial...
Digital commerce is now the business of big data science. To combat cyber threats like the exposure of Personally Identifiable Information (PII), solutions need to keep pace with fraudsters through prevention and quick response when attacks happen.
The application of artificial intelligence and machine learning...
Due to the volume of personally-identifiable information (PII) available on the black market as a result of high profile breaches, fraudsters can open an account with a real identity using a few key pieces of compromised information. Fraudsters have also begun creating synthetic identities by piecing together...
Hear from the FBI on the tenets of cyber defense and current trends in cybercrime. Then, learn from Shape Security about a specific type of cybercrime: imitation attacks.
For retailers, the benefits of selling gift cards extend well beyond the initial revenue. The purchase ensures a future shopping trip, and when redeeming gift cards, customers spend an average of 20% more than the value of the card. Considering their widespread popularity (93% of US consumers receive or give at least...
Merchants reviewing online orders for card not present (CNP) fraud often rely on strict rules-based systems to decline transactions based on "risky" indicators. Although these types of processes can help reduce chargebacks, they also lead to high false decline rates and a less-than-ideal shopping experience for...
According to a recent global fraud study, over 90% of eCommerce merchants use the same tools to manage fraud across both web and mobile transactions. While over 80% of merchants support mobile shopping, only 52% track fraud rates by channel.
As mCommerce becomes more prominent, neglecting to adjust fraud management...
Financial fraud can be notoriously hard to detect and easy to cover up. But does blockchain technology with its distributed digital ledger now offer a new tool to help organizations reduce risk and prevent fraud? Which key business and technical factors will help blockchain scale for the large enterprise? Attend this...
Cross-border eCommerce sales are set to reach $627 billion by 2022, with the highest growth rate projected in regions outside of North America and Western Europe.
Yet US merchants are not capitalizing on the growth of these global markets. Only 42% of surveyed US merchants said their eCommerce website accommodated...
Whenever a bad actor gains access to another party's legitimate account, this is called an Account Takeover (ATO). Not only are ATO attacks tough to spot, they can also cause a lot of harm beyond just stolen goods and chargebacks, including backlash from upset customers. In this guide, we dive into how these attacks...
Digital travel sales are booming, with worldwide volume set to surpass $676 billion in 2018. Yet even as travel businesses ride this wave of e-commerce growth, digital payment fraud continues to cost billions in unnecessary losses, preventing these organizations from realizing the full potential. While e-commerce...
Cyberattacks and damages due to business email being breached dramatically increased again this past year. The FBI estimates $5 billion in losses worldwide as email continues to be a primary attack vector for the initial compromise.
As organizations move their email infrastructure to cloud solutions like Office...
Financial institutions and their customers are no strangers to cyber threats, but attacks have evolved and have become specific to different types of organizations; banks, credit unions, insurance companies and private equity groups all face unique challenges. Threats exist from a range of actors including...
As customers spend more and more money online each year, the opportunities for fraud increase in parallel; experts project a loss of $24 billion to payment card fraud by the end of 2018. Payment card fraudsters rely on a sophisticated ecosystem and support network that provides a wide range of credit card details,...
This case study illustrates how Digital Shadows helped the head of threat intelligence at a bank discover a user on the dark web claiming to be a bank employee selling access to high net worth individual's accounts. The fact that the seller appeared to be an employee, this threat was of heightened priority to this...
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