Author: Brooks Flanders, Marketing Content Manager
In 2004, the same year the U.S. launched the National Cyber Alert System, Brooks launched her career with one the largest cybersecurity companies in the world. With a voracious curiosity and a determination to shed light on a shadowy underworld, she's been researching and writing about enterprise security ever since. Her interest in helping companies mitigate deceptive threats and solve complex security challenges still runs deep.
6 Initiatives of the ‘Scam Safe Accord’ & a Ready-Made Solution
Australia’s new Scam Safe Accord is a proactive, bank-led initiative to prevent scams and protect customers from being defrauded of their money. What’s driving this collaborative effort among banks that typically compete? Australians reported losing $3.1 billion to scams in 2022 — up 253% in just two years. And those are reported scams. Agencies estimate […]
How Risk-based Authentication Prevents Fraud and Friction
Account takeover (ATO) fraud increased 354% in 2023, a harsh reality that’s motivating companies to fortify their defenses. But to prevent fraud losses, many organizations resort to blunt security measures, like asking customers to authenticate again and again. In many cases, consumers must log in with multi-factor authentication (MFA) and later re-authenticate if they want […]
The Rise of Malicious Mobile Apps Elicits New Security Recommendations from Regulators
Authorities in Asia are sounding the alarm in response to a 65.5% spike in scam cases in Singapore in the first half of 2023. Of particular concern, consumers are being lured to download malicious Android apps designed to steal user credentials and skim personal data, leading to account takeovers (ATO) and fraudulent transactions. The increase […]
What Is APP Fraud, and How Can It Finally Be Stopped?
If you think there’s nothing more insidious than phishing attacks, think again. There’s another form of social engineering that’s even more difficult to prevent. Authorized push payment (APP) fraud accounted for a staggering 75% of all digital banking fraud in 2022. Financial losses from APP fraud are projected to double across the UK, India and […]
5 Best Practices to Prevent Account Opening Fraud
In today’s hyper-connected world, the dark reality of account opening (AO) fraud looms large. Armed with sophisticated tactics, cybercriminals exploit vulnerabilities in account creation, wreaking havoc for companies and their customers. Industry reports show that consumers lost $7 billion to AO fraud in 2021. As the frequency and complexity of these attacks rise, implementing robust […]
How to Stop Phishing at Its Origin — Before a Single Customer Falls Victim
In spite of media warnings about phishing scams, millions of consumers continue to fall prey to deceptive emails or text messages luring them to a spoofed website that looks nearly identical to the legitimate site. Victims are most likely to click on messages that are urgent (a problem with their account) or enticing (coupons or […]
The Machine Identity Crisis:<br> How It’s Spun out of Control and What Can Be Done
The exponential proliferation of machines has outpaced collective efforts to properly secure them — from workloads in containers, bare metal and virtual machines to applications and devices. As we’ve raced ahead with cloud computing, infrastructure as code (IaC), internet of things (IoT), automation and edge computing, we’ve created a world where machines outnumber humans 50-to-1. […]
How Synthetic Identities Circumvent Security and What’s Needed to Secure Onboarding
How do you know who is registering an online account with your business? The answer is complicated by the rise of ‘Frankenstein fraud,’ also known as synthetic identity fraud, which combines stolen data belonging to a real person with fake information to create a new, fraudulent identity. For example, the criminal might use a stolen […]
KuppingerCole Analysts Name Transmit Security an ‘Overall Leader’ in Fraud Reduction Intelligence Platforms
After extensive research and product testing, KuppingerCole Analysts named Transmit Security a leader in three categories: ‘Overall Leader,’ ‘Innovation Leader’ and ‘Product Leader’ in the Fraud Reduction Intelligence Platforms Leadership Compass 2023. We are greatly honored by this distinction and will keep innovating to protect companies from the growing volume of fraud that targets customer-facing […]