White Paper

Battling fraud at the root cause: How cybercriminals bypass your security defenses and what you can do about it

Company: IBM United Kingdom Limited

IBM United Kingdom Limited case study

Category: Risk Systems

Published: 22 June 2015

Format:

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Overview


There's no silver bullet when it comes to stopping fraud. As financial institutions have deployed more sophisticated security solutions, criminals have created more complex and evasive tactics to bypass bank security and steal funds.

In fact, recent attacks have shown that once a user's endpoint is infected with advanced malware, criminals can bypass most security layers, including two-f actor authentication, device ID systems, risk engines and behavioural analytic systems.

This white paper provides an overview of how cybercriminals circumvent security measures at each stage of a transaction's lifecycle - pre- login, during login and post-login - and offers strategies to help financial organizations combat malware-driven attacks.

 

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