Collaborate Disseminate
Advanced authentication solutions can help mitigate the risk of fraud by detecting malicious activity without adding unwanted speed bumps to the online user experience.
The post Why You Need Advanced Authentication to Protect Identities Without Compromising User Experience appeared first on Security Intelligence.
Am I who you think I am? My name is on this article, right next to a picture. You could send me a comment on Twitter or do a Google search to see if I’m legitimate. But is that really enough proof to prove my identity, to show that I am the actual per… Continue reading Real or Fake? The Difficulty in Detecting Fraudulent Identity
Shir Levin used to report on government and law, but her journalism career wasn’t data-driven enough for her. She now uses her experience in news, psychology and statistics to fight identity fraud.
The post How Shir Levin Uses Her Nose for News to Sniff Out Identity Fraud appeared first on Security Intelligence.
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The Department of Justice has apologized for confusion over its announcement last month that a fraudster used information stolen in the infamous 2015 Office of Personnel Management breach — an episode that confounded lawmakers and ran counter to publicly available information on the breach. The confusion began after DOJ announced on June 18 that a Maryland woman had pleaded guilty to using stolen OPM data to get car and personal loans. The public assumption had been – and still is – that Chinese hackers had stolen the data for espionage purposes. But DOJ now says that it hasn’t yet determined whether the woman and her accomplice got the data from the OPM breach or somewhere else. After an internal review, the U.S. Attorney’s Office for the Eastern District of Virginia appended a statement to its press release saying that “numerous victims” of the fraud self-identified as victims of the OPM breach. “The government […]
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With mystery swirling around an identity theft case where prosecutors have claimed the perpetrators used personal information included in the Office of Personnel Management breach, two lawmakers are pushing the government for more information. A pair of letters sent this week by Sen. Mark Warner, D-Va., and Rep. Gerry Connolly, D-Va., to the heads of the Department of Justice and OPM issues a number of questions about the alleged identity fraud charges. The Virginia lawmakers are especially interested in learning how the defendants acquired the data. On June 18, the Eastern District of Virginia announced that a Maryland woman had pleaded guilty to identity theft charges. That press release initially said the data used in that crime was from the OPM breach. On June 21, the district issued a correction to their press release, stripping any mention of the breach. Virginia is home to the single largest population of federal […]
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The FBI on Monday announced the arrest of 74 people across three continents for hijacking bank transfers using email fraud. The “cyber-enabled financial fraud” allegedly carried out by those apprehended could involve social engineering and computer intrusions to dupe company executives into wiring money, the FBI said. A criminal could use an executive’s compromised email to facilitate a transfer or request W-2 information from within the organization, for example. The scam is essentially a more sophisticated version of the “Nigerian prince” emails that pester the average email user for money. Twenty-nine of the suspects were arrested in Nigeria, 42 in the United States, and the rest in Canada, Mauritius, and Poland. Several of the cases involved global criminal groups that defrauded companies big and small, according to the FBI. The departments of Homeland Security and Treasury, along with the U.S. Postal Inspection Service, were also in on “Operation WireWire” to take down […]
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Identity fraud reached a record high in 2017 with 16.7 million U.S. victims (an increase of 8 percent over 2016) and $16.8 billion dollars stolen. So, it should come as no surprise that your personally identifiable information (PII) and login credentia… Continue reading Identity Thieves – Phishing and Pilfering Your PII
A new White House memo tasks agencies with clamping down on identity security by designating a team of officials from the offices of the chief information officer and chief security officer, among others, to tackle the issue. The Office of Management and Budget draft policy released Friday asks these officials to coordinate regularly to make sure federal Identity, Credential, and Access Management (ICAM) policies are consistently implemented. The proliferation of personal information through social media and data breaches makes verifying identities all the more important for agencies, OMB said. ICAM – a set of measures to prevent unauthorized access to sensitive information – is a staple of cybersecurity, and federal agencies have had to adapt to evolving identity scams from hackers. ICAM took on added importance in the U.S. government after the devastating 2015 Office of Personnel Management breach, in which hackers used compromised credentials to steal information on 22 million […]
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Insurance providers can build trust — and win over crucial market segments — by embracing digital transformation.
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New York-based BioCatch announced a $30 million funding round Monday, with plans to boost its platform that relies on behavioral analytics to detect fraud, including identity theft and spoofed accounts. Launched in Israel, BioCatch proactively collects and analyzes more than 2,000 parameters to generate user profiles and model different types of genuine and malicious behavior. The platform measures a variety of actions, including mouse clicks, typing tendencies and swipe time on mobile. Enterprise security teams are alerted if anomalous behavior is detected, and are given the opportunity to replay sessions that are flagged as fraudulent. The company has relationships with Experian, LexisNexis Risk Solutions and Samsung SDS. It also has partnerships with U.S.-based software company Nuance Communications and U.K. based-bank NatWest. “We take pride in the track record we have amassed and the role that we play as an integral part of our clients’ identity strategy,” said BioCatch Chief Executive […]
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Continue reading Behavioral analytics firm BioCatch raises $30M to expand product