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PINDROP BLOG

Category: Bank fraud

April 9, 2014
Phone security on the radio
Last week, I sat down with Dana Barrett of the Wall Street Business Network to talk about our company’s technology and how organizations can use it to help protect themselves from the constantly evolving threat posed by attackers. During the interview, we discussed a very basic but somewhat unsettling fact. Despite incredible strides made in…
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January 20, 2014
New York Times talks phone fraud
Fake emails are usually pretty easy to spot because you can look and see if it came from Bank of America or from FreeEmailAddressInEgypt(dot)com,” said Mr. Forester, 29, who is an electrician. “With the phone, you don’t have that option of researching. The New York Times today invested some time in discussing the increase in…
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November 21, 2013
Know Your Fraudster
Today Pindrop Security released “KYF: Know Your Fraudster,” our 2013 Phone Fraud Report. You already Know Your Customer (KYC), time to know the other callers into your institution. We examined phone fraud activity affecting financial services institutions during the first six months of 2013 and found some staggering figures, most notably that 1 call for…
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September 27, 2013
Right person, right phone, right place
There are not a lot of surprises in the security world. With email, web, database, etc., the model has looked basically the same. Figure out how what a good guy does differs from what a bad guy does. The challenge has always been telling that difference. What do you know? Can you trust it? Can…
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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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