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An estimated 293 million scam reports were filed and USD 55.3 billion was lost in scams in 2021 worldwide. Jorij Abraham, General Manager at ScamAdviser.com and The Global Anti-Scam Alliance, tackles the most common types of scams and how they spread across the globe, creating a new epidemic.
scam, fraud management, fraud detection, online fraud, COVID-19, digitalisation, fraud prevention, identity theft, identity fraud, phishing, crypto
Han Sahin, CEO of ThreatFabric, explains why financial institutions should avoid investing in a ‘silver bullet’ solution to fight and prevent fraud, and offers advice on how to protect against future attacks
fraud detection, malware, bot attacks, banks, KYC, APP fraud, biometrics, two-factor authentication
Lizzie Clitheroe, VP of Product Marketing at Arkose Labs, tells us how to stay vigilant about the problems created by ATO attacks and provides us with 5 steps to prevent these
account takeover, bot attacks, online authentication, fraud prevention
fintechs, UK, Europe, Australia, Canada, malware, Evilnum, ESET, online security company, cyberattacks, phishing emails, spear-phishing, COVID-19
Hackers have been targeting sites selling counterfeit kicks to install malicious Magecart scripts that steal customers’ credit card information.
hackers, cybersecurity, malicious scripts, ecommerce, fraud prevention, online security, credit cards, Magecart, Malwarebytes
Macy's has communicated a data breach notification, saying hackers infiltrated its ecommerce site and stole customer data, including financial information, ISMG reports.
fraud, cybercrime, data breaches, ecommerce
BehavioSec has unveiled performance features as part of the newest release of the BehavioSec Behavioral Biometrics Platform.
BehavioSec, authentication, usability, behavioral biometrics, passwords, authentication, online fraud, bots, malware, automation, digital identity
As frequent crypto hacks occur, Marie Tatibouet, CMO at Gate.io, explains for The Paypers what does security augmentation for crypto exchanges entail
Marie Tatibouet, cryptocurrency, cryptocurrency exchange, fraud prevention, gate io, blockchain, cybersecurity checks, cybersecyrity, hackers, Device protection, Bitcoin
Everyone loves their smartphone. These devices are packed with loads of apps that enable us to enjoy increasingly convenient shopping and banking experiences, organise our daily activities, help us keep fit, entertain us, and more.
DataVisor, account take over, synthetic identity fraud, credit application fraud, data breaches, machine learning, AI, DataVisor Fraud Index Report Q2 2019
The MageCart criminal group has compromised an advertising script to inject the MageCart into hundreds of sites, according to new research by TrendMicro and RiskIQ.
Magecart, malicious script, TrendMicro, RiskIQ, fraud prevention, ecommerce, financial data, skimming, cybercriminals
Russia-based cyber-security company Kaspersky Lab has released data that cryptojacking cases have risen 400% in 2018, representing 13 million incidents.
Kaspersky Lab, Cryptojacking, cryptocurrency, fraud, funds, wallets, mining, digital currencies, ransomware, Russia
Fang Yu, Cofounder/CTO, DataVisor: "Outdated APIs can be an open door to financial fraud. Unsupervised machine learning can shut that door."
Fang Yu, DataVisor, Open Banking, APIs, data breaches, digital channels, fraud prevention, machine learning
The FBI together with the US government have identified indicators of compromise (IOCs) used by the North Korean government in an Automated Teller Machine (ATM) cash-out scheme.
FBI, US Government, malicious campaign, cash out scheme, US, ATM, FASTCash, banks, HIDDEN COBRA
Some local Indian government websites have been running crypto mining scripts without their owners’ knowledge.
Cryptojacking, cyberattack, cryptomining, ransomware, online security, cybercriminal, India
At last 1,000 Magento sites have been hacked by cybercriminals and infected with malicious scripts that steal payment card details.
Magento, malware, ecommerce, credit card, security, fraud prevention, online stores, cybercrime, malicious scripts
SecuredTouch HUMANOBOT behavioural biometrics tech has upgraded its platform to discover non-human activities, like bots and emulators, trying to commit fraud.
SecuredTouch , behavioral biometrics, machine learning, mobile security, fraud prevention, authentication
Technology company Nuix has released Sensitive Data Finder 2.2, an upgrade that adds visualisations and other analysis features to identify high-risk information sooner.
sensitive data, risk management, data breach, security, online, cybercrime, encryption, Niux
Microsoft Office has released a new feature in Office 2016 which blocks macros from loading in certain high-risk scenarios.
Microsoft Office, malware, online security, macro
eBay has allegedly refused to fix a security vulnerability that makes it possible for attackers to launch phishing and malware campaigns targeting eBay users.
online fraud, online security, cyber security, fraud prevention, online security, eBay