PINDROP BLOG

Category: Phone Security Threats

November 7, 2012
Phone Fraud Round Up: Week of November 7, 2012
Fox Channel 4: Robo-calls scam Southwest Floridians into releasing banking info Victims are being scammed by automated phone calls (robocalls), saying it was someone from the power company.  The call tells the victim that they need to pay their bill or risk power being shut off (the caller ID shows the local utility).  Not knowing…
Read More →
October 26, 2012
Video: FTC Robocall Summit panel on Caller ID Spoofing
Pindrop Security CEO Vijay Balasubramaniyan spoke and joined a panel on Caller ID Spoofing at the FTC Robocall Summit on October 18. Visit the site for video of the session. Vijay takes the stage at 32:40.
Read More →
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…
Read More →
October 23, 2012
Robocalls perpetuate phone fraud
The Federal Trade Commission (FTC) launched a competition this past week that challenges small businesses to discover an innovative solution that will block illegal robocalls on landlines and mobile phones.  The agency is offering a $50,000 prize to the team that presents the best technical solution.  The competition was launched because complaints to the government…
Read More →
October 19, 2012
The week that was, the week that will be
Pindrop had a great week. We participated in VentureAtlanta for the second time. Last year, we were there as an “Early Stage” company, which is a company looking for seed funding. That turned out well. This year, we were in the “Venture Spotlight” category. It was a great opportunity to meet with  technology leaders, potential customers and…
Read More →
October 5, 2012
Tech support phone scams
This week the Federal Trade Commission launched a major international crackdown on tech support scams.  Tech support scams are a niche phone fraud strategy used to trick consumers into believing their computer is infected with a virus or malware.  The caller (fraudster) spoofs the caller ID, claims they are with a legitimate company such as…
Read More →
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…
Read More →
June 11, 2012
Finovate Spring
Pindrop was selected to participate in the Finovate Spring 2012 conference in San Francisco. Check out this video of Pindrop’s demo featuring Vijay Balasubramaniyan. I’ve been to a lot of industry events but Finovate was different in several respects. Finovate provides approximately 60 vendors 7 minutes to present your solution. 7 minutes is a hard stop – there…
Read More →
September 3, 2011
Stop Takeovers
Account takeover create significant losses. Phone transactions for reconnaissance plays a huge role in enabling account takeover. Be proactive. Prevent fraudulent phone calls. More than ever, the need to know your customer (KYC) when conducting business by phone is vital. Pindrop Security has developed a breakthrough caller-ID product that helps detect, report and mitigate phone…
Read More →
September 3, 2011
Verify Caller ID
Caller ID is vulnerable as it an easily spoofable technique. Attackers are leveraging this and causing millions in losses. Reduce identity theft and account takeover. The phone call is being used increasingly by attackers. More than ever, the need to know your customer (KYC) when conducting business by phone is vital. Pindrop Security has developed…
Read More →