Patrick Peterson’s Post

Account takeovers, phishing, and deepfakes, oh my! When it comes to fraud, history seems to repeat itself, but with a fresh spin each time. Fraudsters continually evolve their tactics, exploiting vulnerabilities in payment systems with increasing sophistication. That's why combating fraud demands not only vigilance but also collaboration and innovation. Stay informed, stay resilient. Explore the latest insights into fraud trends spilling into early 2024, brought to you by BAI: https://okt.to/0T2xNi #FinTech #AI #Cybersecurity #FraudTrends #Insights

Do you know these cybercriminal tactics used against FIs? We get insights from former Federal Bureau of Investigation (FBI) digital crime expert and VP of SpyCloud Labs, Trevor Hilligoss, on the common tacts cybercriminals use to attack the finserv sector. More below. #Cybercrime #FIs #FBI

The financial services industry is rife with cybercrime, IP theft, extortion, fraud, and espionage. It gives me peace of mind to know there are incredibly talented infosecurity professionals fighting the good fight. To support #defenders in the financial sector, folks much smarter than I put together a guide that highlights how well-established security organizations supercharge their strategy with adversary infrastructure analysis. I figured I'd share here in case anyone in #infosec with a focus on #financialservices find it useful. Together we can flip the script on asymmetric information, and tip the scales in the favor of blue teamers!

As technology advances, so will crime. A common tactic cybercriminals use in financial institutions is identity-based attacks. This means stealing usernames and passwords through links. They also use information-stealing malware to steal data. They get it from your employees' infected browsers, so make sure you're staying on top of training to avoid any compromises in the system. #Cybercriminals #Fraud #Finance

'Cybercrime is defined by Cyber Crime Magazine as the “damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.” https://lnkd.in/g7TzSv8Y

DefenseStorm product UPDATE: GRID ACTIVE FRAUD DETECTION: ALERT ENHANCEMENTS As fraud detection and prevention continue to be crucial in today’s digital landscape, it’s imperative for fraud investigators to utilize efficient tools that empower and support their investigative work. The current Trigger and Alert views have been strategically modified to enhance the service provided to fraud investigators, allowing them to see relevant information that is intuitive to their role. Read more https://lnkd.in/g5m6uCqU #cybersecurity #fraud #fraudprevention #informationsecurity #financialservices #creditunions #banks

Dive into Xavier Verhaeghe's latest blog post to uncover strategies for businesses to defend against the rising threat of GenAI and deepfake-enabled fraud. #PwCBelgium #GenAI #phishing

Last month we introduced our partnership with Memcyco, a real-time website spoofing detection, protection, and respond solution. 🏦Our #banking and #FinServ clients won't want to miss Israel Mazin, Memcyco's CEO and Co-Founder, discussing the future of online fraud prevention. Key highlights include: - Deep dive into emerging threats, including, the insidious "charge only one penny" fraud that could herald the next wave of digital deception. 💰 - Exploration of the critical weaknesses of current risk engines, including the impact of false positive and negatives. ➕➖ - Discussion of the integrated world of fraud and cybersecurity teams. 👥 Watch here 👉https://hubs.ly/Q02j96cq0 #cybersecurity #fraudprevention #CISO #ShiraRubinoff

After a first prep session, I’m confident this discussion is going to be a great one! If you’re free at the end of this month, don't miss DataVisor’s Mid-Year Review led by Kevin McWey, where I'll be joining on behalf of Nymbus alongside other industry experts to discuss all things #fraud and #ai, #firstpartyfraud, fraud resource and scalability strategies, and how together, we can all benefit from greater collaboration and increased information sharing leveraging #consortiumdata. We're looking forward to going beyond surface level definitions to in-depth discussion about the both #benefits and #risks inherent in addressing this ever-changing area of the #banking industry. Whether you're a #bank, #creditunion, or #fintech fraud, risk, compliance, or operations advocate, this session alongside these co-presenters will hit on a number of topics about how we address the changes happening in the industry head on with a mix of tools, tech, and insanely smart humans too. Check it out and register below: 👇 #financialservices #fraudprevention #fraudrisk #riskmanagement #compliance

🔒 Organized crime has evolved in the digital age. Hackers are no longer just lone wolves looking for a thrill. The growth of the digital economy has transformed the criminal landscape, leading to the emergence of global cybercrime syndicates. 💼 These cybercriminals are not just tech-savvy individuals; they are aligning themselves with criminal bosses who possess the vision, power, and connections akin to traditional organized crime. Their activities and business models mimic legitimate businesses, often sheltered and encouraged by state sponsored entities, making them harder to track and stop. 🛡️ Security analysts warn that these cybercrime syndicates are not only recruiting new talent but also collaborating with experts through educational programs and service agreements. It's a sophisticated operation that poses a significant threat to businesses and individuals alike. The Zephyr Networks’ Armament Cybersecurity Suite offers businesses ongoing defenses against cyber threats. Learn more: https://lnkd.in/ggvEWGvs #Cybercrime #DigitalEconomy #OrganizedCrime #SecurityThreats #CybersecurityAwareness #ZephyrNetworks #ManagedITServices #ManagedITServiceProvider #ManagedServiceProvider #businesssolutions #ITManagedServices