PINDROP BLOG

Category: Bank fraud

September 27, 2013
Six Degrees of Phone Fraud
If you are like me, the never ending stories on hackers breaking into businesses don’t even merit a passing glance anymore. We never stop to think how we are connected to these events. Recently, LexisNexis was again in the news over data breaches. Now, LexisNexis has some of the most sophisticated security controls in the…
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July 24, 2013
Telephony Going the Internet Way: Multi-layered Approach for Countering Emerging Threats
Telephony going the Internet way is the title of this series of blog posts. In this concluding post on this topic, let us revisit the reasons for this title. First, it is about the changing underlying technology. With technologies like VoIP, we are increasingly using IP networks for transporting voice the same way the Internet…
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July 19, 2013
Telephony Going the Internet Way: Secure Phone Fingerprinting
Last week we discussed a number of requirements for phone authentication solutions. Ideally, we want both high accuracy and strong security. This means low false negatives and false positives even in the presence of threats that will likely target voice biometric solutions. For example, we do not want an adversary to be able to impersonate…
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July 10, 2013
Telephony Going the Internet Way: Voice Biometrics
Voice biometrics, where characteristics of a speaker’s voice are used to authenticate him or her, is a recent development from the long history of speech research. Although researchers have worked on areas ranging from speech recognition to speech synthesis, the aspects most relevant to authentication are speaker identification and speaker verification (see a 2009 paper…
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June 12, 2013
Telephony Going the Internet Way: Caller-ID Spoofing
All of us need to be vigilant and safeguard our financial lives against social engineering and other attacks that have grown in frequency and sophistication over time. One key part of staying safe is that we guard our account-related identities. Authentication is the process of proving to our bank, credit card provider or other holder…
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October 25, 2012
FS-ISAC Fall Summit 2012
Several of the Pindrop team spent the first part of this week at the FS-ISAC conference in Leesburg, VA. FS-ISAC (Financial Services – Information Sharing and Analysis Center) holds two summits a year, gathering the people responsible for running information security at the country’s largest financial institutions. It’s typically at an upscale resort that combines…
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October 17, 2012
Trust & the phone
Pity the phone, long abused by bad people like telemarketers and fraudsters and unable to do anything about it. Caller ID has no security capabilities – it’s completely spoofable. There are even apps for that with clever names like Spoofcard, Spooftel, SpoofApp, CallerID Faker and the charming TeleTurd. Thanks to VoIP, anyone anywhere can afford…
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October 2, 2012
Video: Secure Out of Band Verification demo at Finovate Fall 2012
In this video, Vijay Balasubramaniyan demonstrates Pindrop’ new secure out of band verification solution. The new solution allows banks to detect forwarded calls and prevent wire transfer fraud. “FFIEC Authentication Guidance recommends out-of-band methods to verify online (web-based) transactions as part of their layered security approach. Most banks use the phone to do this by…
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