Account Takeover Fraud , Fraud Management & Cybercrime
Fighting Fraud: Understanding Threat Actors' Techniques
Tips on How to Stay Ahead of the Fraudsters
The fight against fraud requires more than using the right technologies; it requires understanding threat actors’ techniques, says Robert Villanueva of Q6 Cyber.
“Many organizations are very reactive to fraud,” he says in a video interview with Information Security Media Group. “It is very challenging to be ahead of the fraud because there are so many data breaches occurring on a daily basis. Then there are account takeovers, and the facility to easily move money from bank accounts to apps like Zelle is making it very easy for fraudsters.”
See Also: The Financial Services Security Disconnect
In the interview, Villanueva also discusses:
- New fraud trends that have emerged this year;
- How fraudsters operate in the dark web;
- How fraudsters create fake identities.
Villanueva currently leads the cyberthreat intelligence division of Q6 Cyber. He joined the company after 25 years at the U.S. Secret Service, where he specialized in investigating transnational cybercrimes, access device fraud, network intrusions, and identity theft data breaches.
