The Importance of Proactive Cybersecurity Measures

Cybersecurity threats are on the rise with fraudsters constantly innovating around digital payments. As settlement speeds accelerate, new fraud types are emerging. This dynamic threat environment has created an urgent need for prevention tooling for real-time payments. In this session, industry experts will delve into the ever-evolving threats and attack vectors that target payment systems, such as the growing use of identity theft, stolen credentials, spoofing and other digital payment fraud schemes, email compromise and social engineering. Speakers examine steps that can be taken to mitigate fraud, including strengthening analytics and controls around data lakes, taking proactive and reactive cybersecurity measures, regularly looking at anomalies to uncover undetected patterns, exposing and blocking vulnerabilities, implementing best practices around due diligence, educating staff regularly on the most common threats, and stay current with fraud trends.