When explaining my profession to people I meet, they often tell me about the time their card was “frauded.” I always enjoy this conversation, as it provides insight into the human victim element of a fraud event. The breadth of emotions typically ranges from, “How did this happen and how do we track down the bad guys” to “I don’t care…..it’s the bank’s money anyway.” Everyone has…
With holiday shopping season in full swing, many of us are feeling just like the guy in the song, “The 12 Pains of Christmas.” I have my own two personal pains with the holidays, and I am still deciding which one is more annoying: Elf on…
At one of my previous cybersecurity jobs, I received a frantic call from a man whose production company had just been hit with a massive breach. The company’s main summer release was in final post-production when it was hacked, and within a day had over…
These days, all you need to do is type “botnet,” “hacking,” “DDoS,” “CVV2,” or any other cybercrime-related term into the search bar on most social media platforms, and you will find a plethora of fraud activity occurring in plain sight. As reported earlier this year…
A customer is the most important visitor on our premises, he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor…
October is kind of a big deal here at RSA. It’s National Cyber Security Awareness Month (NCSAM) and it gives us an opportunity to bring to the general public’s attention to a critical mission that we are focused on all year long – keeping businesses and individuals safe from cybercrime. It’s unfortunate that cybercrime is impactful…
The days of making “analog accommodations” at hotels — filling out a reservation slip, taking ownership of a door key and having only a telephone handset to communicate with the outside world— are long over. Today’s hotels are rife with digital trapdoors, metaphorical sinkholes that have the capacity to compromise your personal information and identity.…
According to the FBI the incursion of ransomware has just gone from bad to worse. In a recent alert, the U.S. Federal Bureau of Investigation (FBI) warned that recent ransomware variants have targeted and compromised vulnerable business servers to identify and target hosts, thereby multiplying the number of potential infected servers and devices on a network. More…
If you’ve ever needed another reason to not recycle your passwords, I give you Sentry MBA. Although the tool has been around for a couple of years, it has recently been soaring in popularity among those in the fraud community which is no surprise with more than 1.5 billion consumer credentials breached so far this year. The…
The recent consultation paper set forth by the European Banking Association (EBA) surrounding the call for comments on the regulatory technical requirements for strong customer authentication under PSD2 has created a buzz. In particular, while the EBA recognizes the “merit” of transaction risk analysis, it has called into question the ability to allow it “as…
