There’s no question that fraud (especially business email compromise) is rising aggressively, with 75% of companies reporting they have fallen victim to a fraud incident within the past year. As new technologies emerge, fraudsters are redoubling their efforts to take advantage of every opportunity. They have mobilized, they’re organized, and they probably even have health plans. To defend yourself, it’s time to have a better plan than the criminals, one that comes down to being proactive, rather than reactive.
Monitoring user behavior and understanding that behavior in the context of typical network traffic are keys to building a solid security strategy that protects your organization from employee fraud collusion. It’s important to take that a step further however and also correlate activities in various channels and systems across the organization. Here’s why…
Monitoring user behavior is the most important first step you can take to protect your organization against insider fraud losses.
Monitoring activity alone however isn’t enough. To more accurately identify fraud attempts it’s important to have context – and that’s where analytics come in.
Clearly organizations have to take fraud collusion into account when crafting their security plan, or else run the risk of potentially significant financial losses and a damaged reputation. But how? The good news is that a few simple steps can go a long way in locking down the threat – starting with monitoring user behavior.
As organizations undergo the arduous process of selecting banking partners, one of the critical factors they must evaluate is the security of the institution. This aspect of the process cannot be understated. It has to be more than a single box that’s checked as a part of the due diligence process.
3 Lessons Preparing for the Zombie Apocalypse Can Teach You About Protecting Patient Data Against Cyber Attacks
Zombies are exactly like the cyber criminals we fight against every day to protect patient data. They’re everywhere you turn, they’re a seemingly unstoppable force, and they’ve got to be stopped, or else we’ll lose everything.
Malware is hardly a new threat in the security landscape. Banking Trojans that specialize in stealing user credentials, hijacking authenticated sessions and manipulating transactions in order to steal funds have been around since the inception of online banking. The threat that malware poses to banks, however, is more serious than ever.