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Callsign unveils Dynamic Interventions technology to tackle global contagion of Authorized Push Payment fraud
C allsign , a digital trust pioneer , has announced new technology to detect social engineering scams in real-time and intervene when fraud is detected .
It delivers contextually relevant and personalised warning messages to protect the user from becoming a victim of fraud . This Dynamic Interventions capability is controlled by Callsign ’ s Orchestration Engine . The phenomenon of social engineering has emerged as a way for fraudsters to psychologically manipulate consumers into transferring money to accounts held by the fraudsters . Known in the industry as Authorised Push Payment ( APP ) fraud , it is hard for banks to detect as the authorised customer is making the payment . service organisations need to look beyond conventional fraud detection and actively detect , intervene and protect . Fraudsters anticipate ubiquitous static warning messages and coach users past those warnings , but Callsign ’ s Dynamic Interventions detects threats to consumers in real-time , intervenes and alters digital journeys appropriately , introducing new controls or steps to protect customers .”
Research from UK Finance reveals customers lost £ 583.2 million in 2021 after being manipulated into transferring money into accounts controlled by fraudsters . The UK ’ s Faster Payments system was the payment method for 97 % of those losses .
“ Authorised push payment scams are a digital fraud problem requiring a digital solution ,” said Chris Stephens , Solutions Engineer , EMEA , Callsign . “ With real-time and faster payment systems becoming the global norm , banks and financial
WALLIX joins OPEN XDR PLATFORM to extend it to digital access and identity security
ALLIX , ( Euronext WALLIX ) a European cybersecurity
W software publisher and expert in Access and Identity
Solutions , has announced that it has joined the technological alliance OPEN XDR PLATFORM .
OPEN XDR PLATFORM brings together a number of excellent and complementary ‘ Cybersecurity Made in Europe ’ publishers who share a common objective : to offer companies a federated cybersecurity solution to gain in simplicity and efficiency .
This translates into a single platform , in which the technologies of the partner publishers are available , on demand , in an interoperable manner : Sekoia , HarfangLab , Pradeo , Glimps , Vade , Gatewatcher and WALLIX . As a result , companies benefit from a unified solution , allowing them to streamline operations while strengthening their level of cyberdefence .
The benefits of OPEN XDR PLATFORM are numerous :
• State-of-the-art cybersecurity technologies , developed by editors who are experts in their field , without any one vendor being the sole guarantor of all the company ’ s cybersecurity , thus avoiding the risk of dependency and a single point of failure .
• Ability to choose the cybersecurity technologies and configurations adapted to your company ’ s needs , at a lower cost .
• Openness , transparency and collaboration . OPEN XDR PLATFORM is a federation of editors who share common values , both organisational and technical , which guarantee transparent compatibility between them all .
WALLIX , awarded this year with the ‘ Cybersecurity Made in Europe ’ label thanks to its WALLIX PAM4ALL solution , adds the ‘ access and digital identity security ’ component and thus enriches OPEN XDR PLATFORM to offer 360 ° cybersecurity .
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