Linking cyber and physical security together transforms alerts into actionable intelligence. By capturing and analyzing data in real time, financial organizations gain a visual representation of risks across the business while accessing information related to the most critical events happening at any given time.
A new report reveals that businesses across industries are experiencing more sophisticated fraud attempts across multiple customer-not-present channels.
U.S. credit reporting agency Equifax has confirmed that an Apache Struts vulnerability exploited in the wild since March was used to breach its systems and cause possibly one of the worst leaks of highly sensitive personal and financial information.
Since the late ‘90s in Canada, bank robberies have been on a decline; between 1998 and 2008, such incidents decreased by 38 percent, according to a report by Statistics Canada.
The International Organization for Migration is working on introducing a Regional Biometric Data Exchange Solution (RBDES) to countries around the world in an effort to address irregular migration.
The RBDES will enable law enforcement agencies to exchange biometrics data in a fast and secure way to verify the identities of travelers at borders. The system does not however store biometric data.
The threats posed by transnational criminal networks exploiting digital currencies for money laundering and terrorism financing are high on INTERPOL’s agenda in 2017.
Fraudsters’ methods continually evolve to counter new fraud protection measures and with personally identifiable information, they could steal a customer’s identity or create a synthetic identity. Once a fraudster captures this information, if they are able to access a customer account or open an account, it creates a nightmare scenario with significant repercussions for the business and the customer.
The world is getting smaller, and corruption is no longer contained in a single location. It transcends boundaries, impacting people and businesses at multiple global touchpoints.
