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Posts By Andreas Baumhof
Digital Identity

Identity Fraud: Keeping Digital ID Cards and Citizens Safe

A potential security flaw in the digital identification cards issued to citizens in Estonia as part of a massive digital transformation effort has put that country’s reputation, as well as the identity of its citizens, in jeopardy — and could...

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Andreas Baumhof
Posted November 21, 2017
Fraud Prevention

Online Fraud Prevention: Scaling for Singles Day — and Beyond

We scaled for “Singles Day,” so you don’t have to. The fourth-quarter selling season is about to get underway – beginning with China’s Singles Day on November 11. However, the excitement over this upcoming sales boon comes amid expectations for...

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Andreas Baumhof
Posted November 8, 2017
Cybercrime

Cybercrime and the Internet of Things: The Need for Digital Identities

In the annals of cybercrime, few events have managed to drive home both the promise and peril of our rapidly expanding digital universe quite like the one that occurred on October 21, 2016. In a stunning blow, the massive Mirai...

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Andreas Baumhof
Posted October 11, 2017
Fraud Prevention

Playing for Keeps: Fraudsters Targeting Virtual Worlds and Online Gaming

The gaming sector’s good fortunes are making it a prime target for the kind of sophisticated cyberattacks once reserved for online banks and retailers. Propelled by advances in mobile and virtual reality, the burgeoning world of first-person shooters and massively...

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Andreas Baumhof
Posted September 5, 2017
Cybersecurity

Is Machine Learning Really the Future of Cybersecurity?

Machine learning sure does generate a lot of hype these days. But can it really live up to its billing in the fight against cybercrime? Without a doubt, the age of artificial intelligence (AI) and machine learning is heralded as...

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Andreas Baumhof
Posted July 28, 2017
Cybersecurity

WannaCry Was Just a Warning: Here’s What’s Coming Next—And How to Stop It

Well, that was close. The WannaCry cyberattack that crippled 200,000 businesses, government agencies and hospitals in 150 countries is now largely tamped down. The crisis was spawned by ransomware that first infected networked computers at Britain’s National Health Service before...

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Andreas Baumhof
Posted May 22, 2017
Fraud Prevention

Move Fraud Detection to the Point of Sale

According to the FBI, the total cost of insurance fraud (not including health insurance) is estimated to be more than $40 billion per year. That means insurance fraud costs the average U.S. family between $400 and $700 per year in...

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Andreas Baumhof
Posted April 14, 2017
Mobile Risk-Based Authentication

Increased Mobile Device Security Doesn’t Mean Increased Friction

Who says that reducing fraud means increasing friction during mobile transactions? Unfortunately, this is a common perception among companies and consumers. Financial services companies and other similar organizations want to increase the security of their mobile apps and offerings to...

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Andreas Baumhof
Posted March 22, 2017
Mobile

Mobile Authentication: Emerging Tools for an Evolving Fraud And Threat Landscape

How secure are your mobile logins and transactions? If there’s one thing we know about fraudsters, it’s that they always follow the money—and increasingly, money is going mobile. New data from the latest ThreatMetrix Cybercrime Report shows that 45% of all transactions...

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Andreas Baumhof
Posted March 11, 2017
Cybersecurity

Blockchain Q&A: Is It the Answer to Financial Fraud? Not Yet…

Blockchain first leapt into public awareness when it became known as the foundational layer of the Bitcoin crypto-currency. It’s still early days, but already the impact of the globally distributed ledger technology is being likened to that of the internet...

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Andreas Baumhof
Posted January 10, 2017
Andreas Baumhof

Andreas Baumhof

Chief Technology Officer, ThreatMetrix

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