Page 201 - Cyber Defense eMagazine August 2024

Embracing Proactive Fraud Management with Real-Time

Orchestration

By Mario Dusaj, Senior Solutions Engineer - US, Callsign.com

With security breaches becoming more frequent, banks need to act swiftly to protect their users. The
rapid advancement of technology, including real-time payments and AI, adds complexity to the tasks of
security and fraud practitioners. With widespread compromise of passwords, the need for rapid response
capabilities is highlighted.

Hackers are continuously evolving their methods and now even targeting password managers and users
through sophisticated phishing campaigns. The challenges for security professionals such as Chief
Information Security Officers (CISO), Chief Technology Officers (CTO) as well as authentication teams
and fraud practitioners are becoming increasingly complex, especially within organizations that operate
in siloed environments.

Traditional methods of addressing vulnerabilities are time-consuming, involving multiple stakeholders
across authentication teams, application owners, fraud teams, and user experience teams who need to

Cyber Defense eMagazine – August 2024 Edition 201
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