Articles Tagged with ''financial security''

A Nucleus of Information-Sharing: Mastercard’s Fusion Center

When it comes to addressing global fraud and security in the financial sector, it takes a network to defeat a network.

August 8, 2018

With so many government agencies and departments involved in security operations abroad (such as eliminating key targets or searching for specific terrorists), the essential flow of information was so slow and clunky that only three operations could be coordinated each month.

Financial Services in the Ransomware Crosshairs: Why and What to Do

Darius Goodall

June 11, 2018

Cybercriminals are leveraging ransomware threats to extort big money from organizations of all sizes in every industry, but financial services organizations are one of today’s primary targets. It is non-negotiable for financial services companies to maintain the privacy of theirs customers and the security of their confidential data. If a bank or credit union is hit with a ransomware attack, significant backlash is undoubtedly going to ensue – especially if customer data is held ransom for a significant amount of time.

Phil Hopkins: Focusing on Consumer and Brand Protection

November 2, 2015

After 20 years spent focusing on financial crimes investigations in the Secret Service, Phil Hopkins, Vice President of Global Security at Western Union (WU), found transitioning to the financial area of the private sector to be pretty painless.

Difference in Focus Marks Difference in Fraud Rates Overseas, in U.S.

North American financial executives perceived an increase in the rate of online account takeover attacks compared to their global counterparts in 2013

March 1, 2014

North American financial executives perceived an increase in the rate of online account takeover attacks (63 percent) compared to their global counterparts (50 percent) in 2013, but the actual rate of attempted and actual wire and automated clearinghouse (ACH) fraud related to account takeover is lower in North American financial enterprises than at the global institutions, according to an ACI Worldwide survey, Strategies to Prevent Attacks on Commercial Accounts.