Webinar to explore real & predicted impact of data breaches

by: Nicole Reyes

Experts are expecting another busy holiday season for retail data breaches and financial sector cybersecurity incidents. When asked if he expects another major retailer breach in the next few weeks, cybersecurity investigative journalist Brian Krebs told CBS This Morning, “I don’t have any doubt.”

To share fraud-detection learnings and best practices for minimizing financial losses related to a breach, TMG will present a complimentary webinar, “Year of the Data Breach in Rewind,” for financial institutions (FIs) on Tuesday, Dec. 9.

During the hour-long event, I’ll provide insight on how Target and the myriad of breaches since continues to impact credit union and community bank card issuers. I’ll outline the methods TMG has employed to not only spot, but also predict – and, importantly, stop – attacks on consumer accounts stemming from stolen payment card data.

Card fraudsters are bringing their A game. And they aren’t just after card data. They’re exploiting any kind of sensitive info they can access. Email addresses create more effective phishing campaigns; answers to security questions easily found on social networks can get them access to accounts via call centers. We’re looking at much more than payment fraud, and fortunately, consumers are becoming more aware of that.

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