{"id":4530,"date":"2014-06-11T14:57:00","date_gmt":"2014-06-11T14:57:00","guid":{"rendered":"https:\/\/evssolutions.com\/stopping-cybercrime-with-advanced-fraud-prevention\/"},"modified":"2014-06-11T14:57:00","modified_gmt":"2014-06-11T14:57:00","slug":"stopping-cybercrime-with-advanced-fraud-prevention","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/stopping-cybercrime-with-advanced-fraud-prevention\/","title":{"rendered":"Stopping Cybercrime With Advanced Fraud Prevention"},"content":{"rendered":"

There is an alarming number of cybercriminals who are increasing
\ntheir attacks on financial institutions by gaining control of customer devices.
\nTheyre expanding their tactics by launching their attacks from the compromised
\ndevices of customers and employees as well as from criminal devices. They
\nconduct real time credential theft and take over accounts.<\/p>\n

Its important to protect your organization against the full
\nrange of attacks responsible for the majority of online and cross-channel
\nfraud, including account takeover. The main reason for fraudsters continued
\nsuccess is that highly advanced tactics allow for a wide variety of attacks
\nthat are very difficult to detect with traditional fraud prevention
\ntechnologies. These criminals are aware of the technologies deployed by most
\ninstitutions and design attacks to surpass them.<\/p>\n

A secure fraud prevention
\nplan<\/a> must be built on key elements, like dynamic KBA, high-risk alerts, and
\nmore, to ensuring sustainable prevention in the chaos of the rapidly evolving
\nthreat environment. As financial institutions expand their mobile payment
\ncapabilities, we expect to see more fraud involving compromised mobile devices.
\nWhen mobile capabilities become widely adopted, fraudsters will focus attacks
\ndirectly on mobile devices or incorporate the mobile channel in broader fraud
\nschemes.<\/p>\n

Implementing a strong solution for preventing fraud can
\nquickly protect and defend the inevitable threats. Staying ahead of the
\nevolving threat landscape is extremely challenging, especially for financial
\ninstitutions with limited sources. Fraud prevention tactics are constantly
\nchanging and platforms must rapidly adapt while placing minimal burden on a financial
\ninstitutions system.<\/p>\n

Fighting the war on cybercrime will not get easier for
\nfinancial institutions over time. Fraudsters will most likely continue to use a
\ndivide-and-conquer approach with their attacks. Institutions must fight their
\nbattles from the front line the customer endpoint. Breaking the first link in
\nthe chain will help keep fraud from entering the system. Focusing fraud
\nprevention efforts on the customer endpoint allows the highest likelihood of
\npreventing fraud.<\/p>\n

Products like IdentiFlo Management Platform help you to
\nmanage your account, authorization, security options and more. Contact us today
\nfor a
live
\ndemo<\/a>. <\/p>\n<\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

There is an alarming number of cybercriminals who are increasing their attacks on financial institutions by gaining control of customer devices. Theyre expanding their tactics by launching their attacks from the compromised devices of customers and employees as well as<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-4530","post","type-post","status-publish","format-standard","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4530"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4530\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}