When CISOs Are Ready to Hunt
Like a member of any profession, a chief information security officer (CISO) grows into their role. They exhibit a maturity curve that can be roughly split into five attitudes: Protection: When a CISO first steps into their role, they look to perfect the basics and build a fortress for themselves in the form of firewalls,…
Darwinium Raises $10 Million for Customer Protection Platform
The security and fraud prevention firm’s platform identifies bad behavior in real time by continuously assessing users’ digital interactions across websites, applications, and APIs. Darwinium says it takes a new approach to customer protection by combining internal cybersecurity tools with fraud-prevention tools, in a single view. The startup aims to prevent account compromise and online…
Fraud detection and prevention market to hit $100 billion by 2027
The fraud detection and prevention (FDP) market is expected to surpass $100 billion by 2027, as reported in a research study by Global Market Insights. The growing adoption of mobile phones and digital banking applications is proliferating the market growth. The growing instances of cyberthreats and money laundering across sectors are driving the need for…
Cybersecurity M&A Roundup for December 13-19, 2021
ClosingLock acquires SafeWire ClosingLock announced the acquisition of SafeWire. Both companies are based in the United States and they offer wire fraud prevention solutions for the real estate industry. DFIN acquires Guardum Risk and compliance solutions company Donnelley Financial Solutions (DFIN) has acquired Guardum, a data security and privacy firm that can help companies locate,…
Account Fraud is Killing Streaming Services: What Providers Can Do
The use of online streaming services was already burgeoning well before most of the world started spending so much time at home. The current explosion in the demand for video and music streaming services is cause for celebration in the industry, but it has a dark side. Account fraud, sharing and takeover, enabled by password…
Don’t Be Catfished: Protecting Yourself From New Account Fraud
Catfishing, the practice of pretending to be someone else online, became a cultural phenomenon through MTV’s popular TV show “Catfish,” driving more attention to our obsession with our online personas. However, it’s not just social media that needs additional scrutiny. In the wake of several recent major data breaches of personally identifiable information (PII) such…
Chip-and-PIN Credit Cards, One Year On
The U.S. was not an early adopter of chip-and-PIN credit cards, lagging behind major European countries and others. But more than a year after the official mandatory shift to this technology, the transition has reshaped most credit card transactions. As a result, the rate of credit card fraud is down sharply.
Real-Time Payments, Real-Time Fraud Risks?
Real-time payments, near real-time payments, faster payments, immediate payments — those are just some names used to describe the increasing speed of the settlement transaction process. Slow clearing times for payments can have a negative effect on businesses and consumers, but a quicker process may introduce fraud risks. The National Automated Clearing House Association (NACHA)…