Fraud & Identity Today Week in Review: iconectiv, Affle & More
June 10, 2017
Welcome to the week in review, where we take a look at all the top stories making headlines in the mobile fraud space this week.
This week started off by taking a closer look at the Internet of Things (IoT). The IoT is great in that it’s making all of our lives easier by connecting our devices, but it also poses a big security risk. If everything is connected and a fraudsters hacks into someone’s phone, all of a sudden they have access to everything else as well. That holds potential for disaster, especially in terms of mobile fraud, which doesn’t need any additional help wreaking havoc. iconectiv’s CTO Chris Drake (News - Alert) addressed this concern at the TIA Connectivity Jam in Dallas in this week. Find out more HERE.
iconectiv (News - Alert) was all over the map this week, as it also took part in the FinTech Innovation Assembly. The multi-format conference featured thought leaders and industry players from IT departments of the world’s most prominent financial institutions. iconectiv attended to showcase its Right Party Verification for Messaging solution, and to educate financial institutions about the benefits of keeping fraud top of mind. Full details are HERE.
Despite popular opinion, fraudulent activity affects more than just the individual. Operators, credit card companies, banks and marketers are all victims as well whenever a scam occurs. In fact, marketers have been getting the short end of the stick lately. That’s why companies like Affle are starting to come out with anti-fraud solutions designed specifically to help marketers. Everything you need to know is HERE.
Account Takeover Fraud also made headlines this week when iconectiv issued a white paper on the matter. As TMC’s (News - Alert) Steve Anderson points out, “Account takeover fraud is done primarily as a means to beat the growing Europay / Mastercard / Visa (EMV) standard, while at the same time allowing access to several points from one weak endpoint.” He has everything you need to know HERE.
That’s all for this week. Come back next week to read all the latest fraud-related news.
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