Bank fraud leads to billions of dollars in losses every year, and to stay profitable, banks must be extremely proactive at detecting and preventing fraud. Being successful requires robust knowledge of popular bank frauds including ... Read More »
Biometrics are increasingly replacing traditional security options, such as usernames, passwords, single-use tokens, and dual-factor authentication. Some mobile phones come with iris scanners, residential door locks feature fingerprint reading technology, and MasterCard is working on ... Read More »
When you run a financial institution, fraud is always at the top of the priority list. Even with the most up-to-date security tools in place, fraud can still occur. To minimize losses, you need to ... Read More »
The WiFi pineapple looks simple and unassuming, and it’s about the size of a cell phone. Hackers use this little tool to turn off drones, track commercial aircraft, and play practical jokes, but sometimes, the ... Read More »
When it comes to fraud protection, there are many tools and solutions. With so many options on the marketplace, it can be hard to know what you need. Ideally, to protect your financial institution, you ... Read More »
Globally, credit and debit card fraud leads to $21.84 billion in losses annually. On average, card issuers bear 72% of those losses, and unfortunately, the United States experiences a disproportionate number of losses. Although the ... Read More »
Globally, credit and debit card fraud leads to $21.84 billion in losses annually. On average, card issuers bear 72% of those losses, and unfortunately, the United States experiences a disproportionate number of losses. Although the ... Read More »
EMV chips made credit and debit cards safer, but unfortunately, the built-in security of these cards is only useful for in-person transactions. Because of that, fraud related to card-not-present (CNP) transactions has increased substantially over ... Read More »
In , a man reprogrammed an ATM to make it dispense $20 bills instead of $5 bills. He got the instruction manual online. Eight years later, most ATMs were no longer dispensing $5 bills, but ... Read More »
According to the Bureau of Justice Statistics, seven percent of Americans over the age of 16 face at least one incidence of identity theft every year. That means that over a five-year period, over 35 ... Read More »