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Top Fraud Issues for Telecommunications: Survey Results

FICO

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

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New Survey By Kaspersky Lab Shows Cyber Attacks Are Alive And Kicking

PYMNTS

What’s more, half of the companies surveyed experienced between one and five IT security incidents in the past 12 months. Kaspersky Lab and Business Advantage conducted a security survey of 359 industrial cyber security practitioners from 21 countries from February to April 2017.

Survey 124
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Leader Of Russian Cybercrime Ring Pleads Guilty

PYMNTS

Using the slogan, “In Fraud We Trust,” the group directed traffic and potential purchasers to sites of its members, which served as online conduits to traffic in stolen identification, financial and banking information, malware and other illicit goods, according to the complaint. In April, a joint study by the U.S. and the United Kingdom.

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

“The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks. Last month, a national survey found more than 80 percent of U.S.

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Cyberattacks Have Hit Majority Of Big UK Businesses

PYMNTS

government’s Cyber Governance Health Check, which offered up the Cyber Security Breaches survey. Minister of Digital Economy Ed Vaizey stated that it was “absolutely crucial businesses are secure and can protect data … Too many firms are losing money, data and consumer confidence with the vast number of cyberattacks.”

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Two Cyber Security Investments With a Silver Lining

Banking 2020

According to the Federal Trade Commission, only 26 percent of stolen identities are used for credit fraud. Hackers steal your customers’ identities for a variety of reasons: utility fraud, employment fraud, etc. Do your customers know about these other types of fraud?

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RBC Takes An Intelligence-Driven Approach To Bank Security

PYMNTS

Fraud rates are expected to skyrocket, too, with researchers projecting a nearly 200 percent increase within the next five years. We’re already using AI to analyze underlying patterns in complex market environments, and we’re enhancing client security through biometrics and fraud detection algorithms,” he said. Smarter Security.

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