{"id":4566,"date":"2013-12-03T22:16:00","date_gmt":"2013-12-03T22:16:00","guid":{"rendered":"https:\/\/evssolutions.com\/enhance-authentication-with-layered-security\/"},"modified":"2013-12-03T22:16:00","modified_gmt":"2013-12-03T22:16:00","slug":"enhance-authentication-with-layered-security","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/enhance-authentication-with-layered-security\/","title":{"rendered":"Enhance Authentication With Layered Security"},"content":{"rendered":"

Consumers are increasingly transacting online, which is a
\ngood thing. The only problem is the fact that fraudsters see a lot of
\nopportunity here and take advantage of it. Ecommerce retailers are being
\ntargeted more due to the ease of account takeover and excessive amount of
\nstored credit card information on their sites. Were seeing a dramatic increase
\nin card-not-present fraud as cards using the Europay
\nMasterCard and Visa Standard<\/a> are being widely deployed. With that being
\nsaid, merchants and banks are being told to prepare for an increase in fraud
\ndue to the online environment that EMV is focusing on.<\/p>\n

Account takeover happens when a username and password is
\ncompromised from any given website. Once the credentials are acquired, the
\ncriminal will load them onto an automated box and direct them to as many online
\nproperties as possible to try to get into accounts. Did you know 55% of
\nconsumers use the same set of credentials across all of their online sites?
\nThat means once they get into an ecommerce site, where card data has been
\nstored on file, they can make purchases and resell the items. This is mostly
\nunfortunate for the merchant because they are the one dealing with the loss in
\nthe end while consumers usually have some type of protection for fraudulent
\ntransactions. Fraudsters are also starting to realize that B2B losses are
\nextremely profitable. The transactions are larger and can go unnoticed longer.
\nAlthough banks are investing in additional layers of security and
\nauthentication methods, fraudsters are still working faster than institutions
\ncan implement the secure layers.<\/p>\n

Its been two years since the FFIEC<\/a>
\nissued an updated authentication guide. This has been good because it has
\nforced institutions to implement more security and stronger authentication
\nprocesses. Making authentication and layered security<\/a>
\nmore effective needs to be a top priority. Taking the extra steps in front of
\ncustomers to prevent account takeovers could save you money and time. There is
\nalso a higher need to protect mobile and online environments as fraudsters
\nbecome more savvy.<\/p>\n

The truth is, most criminals are
\nfast, smart, well funded and have plenty of resources. Its hard protecting
\nyour bank or ecommerce site in todays fraudulent environment. Consumers are
\nincreasingly transacting and fraudsters know exactly where to focus. It may not
\nbe possible to outthink the fraudsters but at least make your defenses stronger
\nthan your competitors.<\/p>\n<\/p>\n

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

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

Consumers are increasingly transacting online, which is a good thing. The only problem is the fact that fraudsters see a lot of opportunity here and take advantage of it. Ecommerce retailers are being targeted more due to the ease of<\/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":[38],"tags":[],"class_list":["post-4566","post","type-post","status-publish","format-standard","hentry","category-internet-fraud"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4566","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=4566"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4566\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}