Monthly Archives: July 2012

Automated Online Banking Fraud Attacks from the Cloud: Expert Paul Henninger Details the Threat

Paul Henninger, an anti-fraud expert, discusses the growing sophistication of scripted online banking attacks. The level of technical expertise and automation has never been greater, yielding higher fraud success rates and more selective, targeted attacks. He details a recent set of cloud-based scripted attacks, what technology fraudsters are using, who they targeted and how banks should react to best protect customers.

Paul Henninger is Managing Director and Head of the Fraud Practice at Exzac Consulting. Prior to joining Exzac, he lead product management and fraud solutions for NICE Actimize. Before this, he worked for the Fair Isaac Corporation, most recently as Vice President of Innovation Management focused on product strategy and management for new analytics solutions.

He has held a number of product management and strategy roles for companies focused on analytics software and worked as a consultant to a range of financial services clients while at the management-consulting firm Mitchell Madison Group and as an independent consultant.

Paul graduated Summa Cum Laude from Princeton University.

About Exzac Consulting
Exzac is a leading global consulting firm headquartered in New Jersey specializing in helping financial services institutions meet regulatory compliance requirements and establish a defense against fraud risks. Exzac combines business experience and technical expertise to assist financial services institutions meet expanding risk and compliance challenges.

What is the ‘God Particle’? — Higgs Boson Explained

Physicist John Ellis talks about the subatomic particle that has taken the world by storm. CERN researchers have discovered the particle that gives all other matter its mass with the help of the Large Hadron Collider (LHC) in Europe.

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Identity Theft and Tax Return Fraud: Anti-Fraud Expert Paul Henninger Examines the Problem

Paul Henninger, an anti-fraud expert, discusses the complexities behind the identity theft and tax return fraud problem. He details how the US government is losing hundreds of millions of dollars every year, individuals have to deal with identity theft and IRS audits and payment processors and tax preparers may face regulatory fines for lose due diligence processes.

Paul Henninger is Managing Director and Head of the Fraud Practice at Exzac Consulting.  Prior to joining Exzac, he lead product management and fraud solutions for NICE Actimize. Before this, he worked for the Fair Isaac Corporation, most recently as Vice President of Innovation Management focused on product strategy and management for new analytics solutions.

He has held a number of product management and strategy roles for companies focused on analytics software and worked as a consultant to a range of financial services clients while at the management-consulting firm Mitchell Madison Group and as an independent consultant.

Paul graduated Summa Cum Laude from Princeton University.

About Exzac Consulting
Exzac is a leading global consulting firm headquartered in New Jersey specializing in helping financial services institutions meet regulatory compliance requirements and establish a defense against fraud risks. Exzac combines business experience and technical expertise to assist financial services institutions meet expanding risk and compliance challenges.

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Research: Improving Workplace Performance with Semantic & Natural Language Technology

This research suggests US organizations could save more than $800 million a day with Siri-like solutions for business applications.

EasyAsk commisioned research to explore information access and workplace performance, and how it could be improved with the addition of intuitive, natural language & semantic technology solutions.

Key Findings Include:
• In the U.S. workforce with more than 73 million computer-using workers, this research suggests that organizations could save more than $800 million in wage costs every day
• Roughly half of respondents believe a voice-enabled natural language platform would make it easier to perform their job (49 percent), add value to their company’s revenue and/or profitability (47 percent) and improve customer experience and/or satisfaction (55 percent)
• Of those that were familiar with Apple’s Siri, 54 percent agreed that a Siri-like tool on a mobile device, tablet, laptop and/or desktop that connected to business systems and applications would make it easier to do their jobs
• Nearly 40 percent anticipated saving 31 minutes to more than 2 hours each day, with 63 percent anticipating saving some amount of time each day with voice-enabled natural language technology
• 58 percent access three or more systems to do their jobs and more than half spend between 31 minutes to more than 2 hours a day in systems or applications looking for answers or reports
• 42 percent sometimes have business questions that cannot be answered by their existing applications
• 53 percent have to wait up to half-a-day to more than 10 business days for others to build reports for them
• Nearly three-quarters of the time a worker has a new business question they cannot answer, they interrupt their colleagues to ask questions
• Today, only 7 percent of workers go to business applications alone, even though 57 percent know what application to ask for answers and 65 percent believe they have the necessary technical skills to find the answers
• More than half of respondents have two to six devices, including laptops, desktops, mobile phones and tablets
• 85 percent spend some amount of their time away from a desk

The full research report can be accessed at http://bit.ly/EasyAsk

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