Fraud or data theft in the Banking and Financial Services industry ranks among the top five concerns reported by the World Economic Forum in 2019. In order to address this threat, there is a broad spectrum of solutions and technologies available on the market that tackle the issue using a variety of strategies.
Buguroo believes that Behavioral Biometrics is the best choice and solution to face the different challenges of online fraud. This whitepaper tells you:
On 14 September 2019, the Regulatory Technical Standards (RTS) will come into force under the new European Payment Services Directive PSD2, which aims to strengthen the security measures of clients in their access to online banking services or of the emerging Fintech offered within the European Union.
In this document, we show how buguroo’s bugFraud is the perfect ally for complying with the mandatory requirements laid down by this new regulation, detailing article by article the technical requirements and security measures that our anti-fraud solution helps to cover.
Online banking fraud in Latin America continues to rise, representing an enormous economic cost and a drop in confidence for both banks and customers in this region. The sector is calling for effective solutions to tackle the different threats it faces in its digital transformation process.
In this document you will find essential information on:
Nowadays, more than 73% of customers banking transactions are ordered by online banking platforms, which is a juicy breeding ground for cybercriminals. In this document you will find a detail of the different methods and tactics of attack used in banking fraud and some other useful information:
It seems to be a fiction but they are one of the most common cyber threats in the banking sector. Remote Access Trojans (RAT) can invisibly control a customer banking session or device while during the course of an online transaction with the intention of committing theft of money, data or move laterally within the interior of a bank network.
In this document buguroo dives into how this type of malicious software works and represents one of the most difficult challenges to be detected from traditional security systems because its technical complexity and inability to identify as a malicious or legitimate connection coming from of reliable user and device.
buguroo bugFraud technology based on user Biometrical Behaviour analysis and Deep Learning has been proven to be one of the few definitive ways to stop these specific threat.