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IDG Contributor Network: Identity theft, fraudsters, and what to know to prevent an attack

Discussion in 'CSO' started by RSS, Mar 18, 2016.

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    RSS New Member Member

    For consumer-facing enterprises and companies that process a lot of credit card transactions, protecting PII is a concern that keeps security teams up at night.

    Steve Platt, executive vice president of fraud and identity at Experian, said, "All of our clients are under attack from the fraudsters. Seventy-four percent of banks report fraud increase every year."

    While it used to be that you could use relatively simple means to detect fraud, the persistent threats demand a variety of intelligent capabilities that work in concert. Platt noted that providing a layered approach enables them to both mitigate attacks and ensure clients have a good user experience.

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