In the coming weeks, U.S. President Joe Biden will announce a new executive order to prevent and detect identity theft involving public benefits. Jeremy Grant, coordinator of the Better Identity Coalition, discusses the challenges ahead for the government in combating criminal and identity fraud.
In the latest weekly update, four editors at ISMG discuss how Russia's invasion of Ukraine complicates cybercrime ransomware payments, a former U.S. Treasury senior adviser's take on Biden's cryptocurrency executive order, and important points regarding the upcoming identity theft executive order.
Cybersecurity company NortonLifeLock's $8.6 billion plan to purchase rival Avast has hit a snag. On Thursday, the U.K.'s regulatory body expressed anti-competition concerns about the proposed deal. The Competition and Markets Authority has given the firms five days to provide a "clear-cut solution."
What should be in the upcoming executive order to control identity theft in pandemic relief programs? John Buzzard, lead fraud and security analyst, Javelin Strategy & Research; Frank McKenna, chief fraud strategist, PointPredictive; and Jake Emry, fraud prevention SME, NICE Actimize; share ideas.
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
In the new "Proof of Concept," John Kindervag, Zero Trust creator and senior vice president of cybersecurity strategy at ON2IT, and Jeremy Grant, managing director of technology business strategy at Venable, join ISMG's Anna Delaney and Tom Field to discuss trending Zero Trust and identity issues.
Older consumers are considered a more vulnerable population. They are the best kind of customers, and cybercriminals know that. They are known for having better credit and more funds, tend to be more trusting, and lack familiarity with new digital technologies. Fortunately, there is a way to help financial...
The U.S. Internal Revenue Service says it will pull back plans to use facial recognition for authentication of new users of its online accounts. The move comes amid concerns from Congress members and privacy advocates about cybersecurity, software bias and third-party transparency issues around the IRS' proposal to...
With the rapid changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge.
Retail and merchant fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices, accounts, profiles, and...
In 2021, there were 1,862 data compromises - a 68% increase over 2020, according to the Identity Theft Resource Center's Annual Data Breach Report. "In this past year, there were more cyberattack-related data breaches than there were all forms of data breaches in 2020," says ITRC COO James E. Lee.
A 29-year-old Canadian man has been sentenced to three years in prison for trading in stolen personal information, which included transactions with an aggressive hacking and extortion group known as The Dark Overlord. Slava Dmitriev sold identity information on the AlphaBay marketplace, prosecutors alleged.
Eva Velasquez, CEO of the Identity Theft Resource Center, shares six predictions for 2022 that show a shift from identity theft to identity fraud as cybercriminals continue to refine who they target, what information they steal and what they do with it.
Where are security practitioners in their zero trust journeys, and what approach to zero trust have they taken? Three experts - Netskope's David Fairman, Exceture's Mario Demarillas, and Petronas' Soumo Mukherjee - share their thoughts in a panel discussion.
New York State Attorney General Leticia James detailed a credential stuffing investigation that showed the compromise of 1.1 million user accounts linked to "well-known" retail operations. The 17 companies involved reportedly agreed to put new measures in place to mitigate cyber risks.
Morgan Stanley agreed to a $60 million settlement to resolve a class action lawsuit claiming the banking giant violated security compliance laws and provided negligent oversight when a third party did not properly decommission legacy IT systems in 2016 and 2019.