Type of Technique: SIM Swapping Why SMS/Text based MFA is not a great solution. (But maybe better than nothing?) Remediation: - Have a port out/number transfer pin if your carrier offers this. - Behavior-based alerts if available. Any other ideas to protect yourself from this?
Paolo Andrade’s Post
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Safeguarding your business from bot attacks and API abuse requires a comprehensive, multi-layered approach. The right strategy will not only protect your business but also preserve the integrity of your platform.
Financial Impact of API and Bot Attacks
experian.com
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Did you know: Most fraudulent activity in the contact centre is hidden or not noticed due to the apparently low-risk nature of each call. It is also often carried out by bots calling over and over to test out which number and data combinations work in the IVR, without making it through to an account or agent. Learn more https://hubs.li/Q02szWt20
Fraudsters are using the phone more than you realise | Smartnumbers
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So proud of the work our Fraud Intelligence team is doing! This article is great insight into Q2's approach combatting ATO! #q2 #ato #digitalbanking
This is a quick read on the high level approach we take to combatting ATO. Those that are Q2 customers can read the companion document, authored by Rebecca T., which goes into much more prescriptive detail on how to implement the 7-step guidance. Search for 'Fraud Prevention: Account Takeover' in the customer portal for the companion document to this strategy article.
Combating Digital Banking Fraud and Account Takeover (ATO): A Strategic Approach Through the Lens of the Pyramid of Pain and Kill Chains
hub.q2.com
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Understanding the global telecom fraud challenge is key to finding solutions. Check out this insightful piece from China Daily and see how Sevis Systems is part of the solution. #GlobalChallenge #SevisSystems
Telecom fraud is a global challenge, and it's time we address it head-on. China Daily's recent article sheds light on the rise of telecom frauds and the need for comprehensive strategies to combat them. Read the Article. https://lnkd.in/gcEBjxfG At Sevis Systems, we're tackling this issue with our eCallMe! solution, ensuring your calls are trusted and secure. Let's talk about how we can protect your business. #TelecomSecurity #FraudPrevention #SevisSystems #eCallMe
Ways to combat telecom fraud
chinadaily.com.cn
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Partners can help companies upgrade to electronic payments like virtual cards and facilitate the elimination of paper checks. They can also conduct vendor verification and email reviews and can deploy multifactor authentication across an organization. “Ask yourself, what do I have the capability to do?” Ryan Clayton, Director of Solution Consulting at Bottomline said. “Most organizations don’t have network-wide shared threat intelligence. That may sound like something out of a spy novel, but those are the kind of tools that are required to beat the fraudsters at their own game. There are so many facets to this, and if a company can’t check all these boxes, it’s time to talk to a partner that can help.” Read more: https://ow.ly/1iqy50SQ6zf #fraud #fraudmitigation #fraudprevention #technology #electronicpayments
Out of a Spy Novel: Mitigating Modern-Day Fraud
https://www.paymentsjournal.com
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Fraud is a growing concern for businesses today, with 96% of U.S. companies targeted in the past year. Automation offers a powerful solution to protect your business. Discover how automation can help protect your business from fraud.
How Automation Can Help Protect Your Business | WSFS Bank
wsfsbank.com
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To effectively combat call center fraud, businesses must adopt a multi-layered approach that includes advanced technological solutions, comprehensive employee training, and real-time monitoring
Call Center Fraud Prevention: Protecting Your Business and Consumers
experian.com
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This article is a good resource for dealing with having your #SocialSecurity number stolen. #identitytheft
This article is a good resource for dealing with having your #SocialSecurity number stolen. #identitytheft
experian.com
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Beware the pitfalls of digital identity sharing! A YouGov survey commissioned by IDnow reveals that 33% of Brits are sharing sensitive ID documents online, aware of the risks involved. With the rise of deepfake technology, it's essential to stay vigilant and educate ourselves on the potential dangers in this area. Take a read to find out more! #DigitalSecurity #OnlineFraud #IdentityProtection #DeepfakeAwareness
IDnow fraud survey reveals: 33% of Brits share sensitive ID documents unprotected online, with youth most at risk
http://identityweek.net
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