June 27, 2020

During RSA Conference 2020, Yubico interview Guido Ronchetti, XTN’s CTO, about the challenges related to PSD2 and open banking.

Banks are shutting down tens of thousands of accounts every year due to suspected fraud; on average, Santander closes down 24,000 accounts each year, and just under half of all those are suspected mule accounts – a huge proportion.

When we’re on the subject of malware and cyber attacks, we usually focus our attention on cybercrime as a totally unknown, uniform entity. Nevertheless, cybersecurity specialists, such as buguroo’s team, are always mindful not only of the codes used to develop computer viruses, but also of the processes adopted to implement campaigns and the targets they were aimed at. It is these three elements that provide a lot of clues as to who may be behind them.

New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.

Xwebinar is an on-demand webinar series focused on cyber threats and fraud topics. This episode talks about one of the most common threats: Account Takeover also knows as ATO.

For the second consecutive year, XTN is listed as Representative Vendor in Gartner’s Market Guide for Online Fraud Detection.

The Summer of Payments series brings you everything you’d ever want to know about UK, EU & card payment schemes as well as the latest and greatest in payments technology in five 30 minute entertaining doses.