Tackling Data Breach Impact: Machine Learning

Having spent my career inside financial institutions for over twenty years, endeavoring to help those organizations prevent and solve fraud attacks, it’s been interesting to witness the recent, unprecedented media coverage of data breach activity. This is activity that companies have been battling with for years, each and every day. Terry Lawson, head of fraud at RBS, told BBC news that the “threat of scams is growing”. That is true – and that’s off an already high base. In the most recent cases, the people arrested for attacks on consumer companies have not, at face value, appeared to adhere to a typical criminal profile. But that’s the thing – identify theft doesn’t fit a ‘typical’ profile. Criminals know they are unlikely to be able to gather enough data from hacking one company to…


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