[October 28, 2016] |
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Easy Solutions Releases Fraud Beat 2016
Easy
Solutions, the Total Fraud Protection® company, today released The
Fraud Beat 2016 - Taking
Pulse of Cybercrime, a new report that identifies the most
recent and sophisticated cyber-attacks impacting companies, financial
institutions and consumers across the globe. The report also provides
exclusive insight into the future of online attacks and the best
recommended protection practices to minimize the risks and effects of
targeted threats.
"As we move into 2017, the concept of digital trust will gain
significant relevance as criminals are motivated to contaminate any type
of digital interactions with banks and enterprises in pursuit of
relevant information that will enable them to successfully launch and
monetize fraudulent attacks," said Ricardo Villadiego, CEO of Easy
Solutions "In this report, our fraud experts provide a strategy and
recommendations to help organizations manage and preserve that trust. To
do so, organizations must be able to transparently deploy security and
make it simple for users to integrate higher levels of protection into
their online systems. It is these companies that will be the ones poised
to make headlines for their business acumen, and ot because they fell
victim to the crafty tactics of fraud actors."
In the report, Easy Solutions fraud experts provide analysis on what the
company considers the most treacherous attacks observed this year,
including search-engine ad poisoning, social media attacks, rogue mobile
apps, SWIFT network attacks, ransomware, credit card breaches, synthetic
identify fraud and corporate email takeover and spearphishing.
The company's fraud experts compared device-threat analytics data from
its own clients with that of 12 Fortune 500 organizations and found that
those whose mobile applications lack protection features (i.e.,
multi-factor authentication, jailbreak detection, etc.) experienced four
to nine times more rogue applications than companies that incorporated
protection features into their mobile applications. Not surprisingly,
when it comes to mobile, any kind of protection is better than none.
Easy Solutions also found that:
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Organizations not using multi-factor authentication experience three
times more phishing attacks on their web portals than those who do.
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A large portion of the more than 80 million fake profiles on Facebook,
Twitter (News - Alert) and Instagram are used to launch social media attacks.
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Banks that use the SWIFT system should reinforce usernames and
passwords with such extra authentication factors as biometrics, push
messaging, or hard or soft login tokens.
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Credit card fraud has evolved in response to new security measures
such as EMV chip-and-pin cards, with card-not-present fraud spiking to
new highs. Banks need to improve their anomaly detection capabilities
and develop more sophisticated tools for identifying fraud patterns
and checks on criteria such as IP, geolocation and transaction amount.
To download a full copy of the report, visit https://www.easysol.net/download.php?url=en_WP_FraudReport.pdf&lang=EN
ABOUT EASY SOLUTIONS
Easy Solutions is a leading security vendor focused on the comprehensive
detection and prevention of electronic fraud across all devices,
channels and clouds. Our products range from anti-phishing and secure
browsing to multifactor authentication and transaction anomaly
detection, offering a one-stop shop for multiple fraud prevention
services. The online activities of over 85 million customers 320 leading
financial services companies, security firms, retailers, airlines and
other entities all over the world are protected by Easy Solutions fraud
prevention systems.
United States: 8550 N.W. 33 Street, Miami FL 33122. Phone (News - Alert): 1
(866) 524 4782
Latin America: Cra. 13A No. 98 - 21 Of. 401. Bogota, Colombia.
Phone: +57 1 - 742 5570
View source version on businesswire.com: http://www.businesswire.com/news/home/20161028005169/en/
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