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Google and FS-ISAC Launch Programme to Combat Financial Fraud

Fintech News

Google and FS-ISAC have launched a new collaboration aimed at improving fraud prevention in the financial services sector. The pilot phase was launched with a select group of FS-ISAC member institutions. ” said Teresa Walsh, FS-ISACs Chief Intelligence Officer and Managing Director, EMEA.

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FS-Isac releases cyber fraud prevention framework

Finextra

To help financial firms prevent fraud attempts on their companies and customers, FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Leveling Up: A Cyber Fraud Prevention Framework for Financial Services.

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TRENDING: Is Sharing Cybercrime Data Key To Fighting Fraud?

PYMNTS

As more banking business is carried out online, the overall rate of fraud attempts targeting banks and FIs is climbing, according to Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC).

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How FIs Are Combatting Increasingly Sophisticated Attacks

PYMNTS

Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. Using data to fight fraud. Detection is really important,” he noted.

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