Online Banking Fraud Detection – Lessons from Brazil

No ratings

Presented at FraudSummitLondon 2014 by

Tracy Kitten

Rafael Abreu

Online Banking provides great conveniences to end users and its usage is increasing daily. Fraudsters are constantly developing new attacks for this service, so the security of this sensitive information it provides access to is constantly being put to the test. As the headlines show, our ability to reliably ensure the availability, integrity, confidentiality and increasingly the privacy of information is often shown to be inadequate. As the reliance upon this transaction channel increases, security mechanisms used to protect it have not kept pace with the sophistication of malicious tools developed to attack it and the security industry is constantly being challenged to respond while still allowing flexibility and mobility. In this session you will learn: How to establish a holistic view of the online banking fraud process How to identify each phase of the “fraud chain” and how each are linked How to use a multi-channel security mechanisms to protect end users while carrying out online transactions