Webinar: How to stop massive mobile banking fraud with app security and risk-based authentication
As mobile banking use surges worldwide in response to COVID-19 and its associated lock-downs, a corresponding rise in mobile banking fraud continue to increase in prevalence and sophistication.
The December 2020 discovery of an “evil emulator farm” made clear that mobile fraudsters can now automate their processes. As a result, they are able to easily harvest mobile device identifiers, spoof GPS locations, and intercept SMS messages to bypass static multi-factor authentication. Achieving unforeseen levels of scale and speed of operation, these cybercriminals successfully emulate unsuspecting users’ mobile devices and drain millions from online bank accounts in record time.
By modernising their authentication framework to include secure provisioning and secure channel communication, client- and server-side risk analysis, and continuous session monitoring with risk assessment for strategic planning (RASP) and machine learning (ML), financial institutions can stay one step ahead of attacks.
In this webinar, OneSpan’s mobile fraud experts Sam Bakken and Greg Hancell will explore approaches to eliminate the impact of increasingly sophisticated fraud threats and share strategies to protect mobile device users by deploying advanced app security to prevent emulation.
Topics include:
- Strong customer authentication;
- Client and server-side risk analysis for fraud prevention;
- Mobile app shielding with runtime protection.
Click here to register for free.
Speakers
Greg Hancell
Manager, Fraud Consulting
OneSpan
Greg is a global fraud consultant that focuses on people, process and tools to enable financial institutions to transform from reactive to proactive to identify financial crime and drive down losses. Greg has a keen interest in the utilisation of ML, defence in depth and real-time monitoring solutions.
In the presentation, he will discuss how applying continuous behavioural monitoring with multi-layered online fraud detection solution can increase trust and reduce fraud.
Samuel Bakken
Senior Product Marketing Manager
OneSpan
Sam is the marketing manager responsible for the OneSpan mobile app security portfolio with nearly ten years of experience in information security. Prior to OneSpan, Sam managed content strategy at mobile app security provider NowSecure. Before that, he led go-to-market strategy for a portfolio of security services from Trustwave SpiderLabs.
