Neovera Unveils AI Fraud Testing Capabilities to Combat Scalable, Automated Threats
Fraud Red Team testing is external third-party testing where tester thinks like a fraudster to show how the layers of security can be defeated.
Scam Awareness Education Needs to be Improved and Reimagined
To become effective, scam education needs to be re-imagined and delivered through alternative methods, such as “Friendly Scamming.” This approach will challenge internal F.I. stakeholders but will be much more impactful than the status quo.
Red Team Testing Part 4–A Case for Red Team Testing Fraud Controls
Cyber teams have long conducted fraud controls like table top exercises and hired external pen testing companies to identify bank weaknesses. This is considered business as usual, and funding external pen testers is table stakes.
Red Team Testing Part 3- More Use Cases for Testing
A good example for red team testing is MFA (multi-factor authentication) and even basic OTP authentication.
Red Team Testing Part 2- Receiving Bank Activities
In the past twelve months, there is a brand-new focus on receiving banks becoming involved in reimbursements for financial scams.
Why Do I Need Fraud Red Team Testing?
Fraud Red Team testing is external third-party testing where tester thinks like a fraudster to show how the layers of security can be defeated.