Premium Content

Access "Interview: PayPal CISO Michael Barrett"

Published: 22 Oct 2012

How does PayPal defend against phishing? One of the back-end defenses we have is a lot of fraud modeling. It's very advanced, and it's resulted in extremely low fraud rates compared to the rest of the financial services industry. We've gotten very good at detecting fraud on the back end, so what's [the phishers'] response? They generate more mail on the front end. Can you quantify losses due to phishing for PayPal? Forty-one basis points is the total fraud number [on PayPal's fraud model], and we don't break out where phishing is in that overall mix. I will say, it isn't very high on that list. That's one of the issues here--there is a perception there is a huge problem, whereas the financials don't indicate that. How much can you share about your fraud models? They're internally developed. We don't talk about what they do, because this is an area where the more you disclose about what the models are looking for, the more you're telling the bad guy how to evade them. I can say, they're broad-based, real-time front- and back-end inspection models. They look ... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside

Features
  • Columns
    • Hacker demonstrates targeted attack

      Hacker Robert Hansen, also known as RSnake, demonstrates the pains cybercriminals take to target specific organizations and individuals through an exercise posted on his blog, which targeted the head of Google's spam team. Hansen's exercise underscores the threat companies face from today's organized and patient cybercriminals.

    • Fight cybercrime by understanding a hacker's mind and attack motive

      Computer crime laws and security policies aren't enough to combat increasingly sophisticated cybercrime. Understanding the criminal mind and a hacker's motive can help an organization determine what assets are most valuable and better distribute security resources.

    • Interview: PayPal CISO Michael Barrett

      PayPal's 133 million online customers are the biggest ocean for phishers to plunder. CISO Michael Barrett wants to make it safe to be in the water, and he's not going at it alone. Backed by PayPal's sophisticated fraud models and help from ISPs, Barrett is succeeding in protecting the most-spoofed brand on the Internet.

    • Bruce Schneier and Marcus Ranum debate whether a 'Big Brother' watches today's information society

      Is today's information society anything like the Big Brother world envisioned by George Orwell in his book 1984? Bruce Schneier and Marcus Ranum debate the topic.

More Premium Content Accessible For Free