SpyCloud has fresh research into account takeover trends and finds that attacks have recently spiked by 300%. Chip Witt explains the trends behind the stats and offers insight into what enterprises often are overlooking in their ATO prevention strategies.
The mobile channel saw great user adoption in 2020 - and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
Websites advertising pirated and cracked software are being used to deliver an updated version of the DanaBot banking Trojan, which can steal individuals' online banking credentials, according to Proofpoint.
Fraud in the interactive voice response channel was growing before the pandemic. Since? IVR fraud has become "a fraudsters' playground," says Mark Horne, CMO of Pindrop. He shares a new account-centric defensive solution.
Email is still the #1 attack vector the bad guys use. A whopping 91% of cyberattacks start with a phishing email, but email hacking is much more than phishing and launching malware!
Join us as we explore 10 ways hackers use social engineering to trick your users into revealing sensitive data or enabling malicious...
Mitigation of identity fraud requires a combination of technologies that complement one another and are easy to manage. Adding a new solution requires looking beyond fraud management to the customer experience, including all stages of the customer lifecycle. It is critical to have safe and secure customer onboarding,...
A Florida man has been sentenced to 37 months in prison after pleading guilty to a federal laundering money charge stemming from a $9 million business account takeover scheme, according to the Justice Department.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
Attackers have been actively exploiting a flaw in Rackspace's hosted email service to send phishing emails, bearing legitimate and validated domain names, as part of business email compromise scams, warns IT security testing consultancy 7 Elements. Rackspace tells customers it plans to fix the problem soon.
Whether they result in fraudulent wire transfers, misdirected payments, diverted payrolls, supply-chain fraud or exposed personal data, business email compromise (BEC) and email account compromise (EAC) are growing.
BEC and EAC attacks subvert human trust and imperfect financial controls not technical...