Heading into 2022 there are three key areas where security leaders need to be well-versed: innovations in eSkimming methods, intensifying pressure from ransomware campaigns on the payments ecosystem and the supply chain, and sophisticated enumeration attacks that impact and payments ecosystem.
Jeffrey Feinstein, Vice President of Global Analytic Strategy, LexisNexis Risk Solutions, had the honor of serving on a Federal Reserve committee this past winter to define synthetic identity fraud. The result of this effort was the release of a paper that defines it for the industry, an essential step forward in the fight against this pervasive threat.
A new study from BioCatch, the "2021 Fraud Transformation Survey: Detecting and Preventing Emerging Schemes," asked security leaders at global financial institutions about their perceptions of fraud and risk management.
With the help of artificial intelligence (AI), banks can offer better customer service while significantly enhancing the efficacy of their security. AI can assist in fraud detection efforts at large and small banks.
Combining security strategies could reduce the risk of fraud, which has only risen since the start of the COVID-19 pandemic. A new report suggests steps insurance carriers can take to ensure their security plan works to combat identity fraud.