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Fraud as a Service: an emerging threat in the cyber landscape

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 May 2023

Chen Kirsch, Manager, Business Consultants, and Fraud Advisory at NICE Actimize explains several types of fraud that can be committed using FaaS and shares strategies to detect and fight these.

fraud management, payments , cryptocurrency, financial crime, cloud, banks, data, credit card, money laundering, account takeover

Solving financial fraud challenges with a fraud prevention hub

Voice of the Industry | Digital Identity, Security & Online Fraud | 02 Aug 2022

Ilian Alejandro from Plus TI shares how can a financial fraud prevention hub allows connect the entire system to jointly solve cybersecurity challenges.

financial crime, cybercrime, cybersecurity, fraud prevention, account takeover

The rise of RiskOps in 2022

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Dec 2021

Ken Jochims, Director of Product Marketing at Revelock, a Feedzai company, discusses how the increasing complexity of digital fraud trends will give rise to ‘RiskOps’ – risk management through a multi-layered approach to fraud – next year

digital banking, online fraud, mobile banking, cybercrime, social engineering

Low-risk instant payments - the approach of the fraud detection solution matters most

Voice of the Industry | Digital Identity, Security & Online Fraud | 23 Aug 2021

New payment options and greater convenience led to large volumes of data to be analysed in real-time; as a result, Roy Prayikulam, INFORM agrees that the approach of the fraud detection solution matters the most

fraud detection, real-time payments, transaction monitoring, fraud management, AML, machine learning

Merchants need to be a mastermind in today's ecommerce world

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 Jan 2021

Ronald Praetsch from About-Fraud shares his advice on how ecommerce merchants can stay on top of the fraud challenges brought about by the COVID-19 pandemic

About-Fraud, fraud management, PSD 2, 3DS, SCA, COVID-19, PSP, refund fraud, ecommerce, merchants, social engineering fraud

Fintechs from UK, Europe, Australia, Canada targeted through malware by Evilnum, report

News | Digital Identity, Security & Online Fraud | 13 Jul 2020

Evilnum, an advanced and persistent threat group, has been targeting UK-based fintechs and others throughout Europe since 2018, according to ESET, an online security company.

fintechs, UK, Europe, Australia, Canada, malware, Evilnum, ESET, online security company, cyberattacks, phishing emails, spear-phishing, COVID-19

Hotels worldwide targeted by cybercriminals to steal guests' credit card data

News | Digital Identity, Security & Online Fraud | 04 Dec 2019

Kaspersky’s research of the RevengeHotels campaign has confirmed that over 20 hotels in Latin America, Europe and Asia have fallen victim to targeted malware attacks.

Kaspersky, cybersecurity, hotels, credit card data, RevengeHotels, malware attacks, fraud prevention

CelebrEIGHT cyber security training

Voice of the Industry | Expert Opinion | 23 Aug 2019

Paul Caulfield, Executive Vice President and Chief Risk Officer at IDB Bank, offers valuable market intelligence and must do`s for an effective cyber security program

Paul Caulfield, IDB Bank, cyber security, fraud prevention, market intelligence, financial crime, CEO email scams, business email compromises, BEC, phishing, vishing

Chinese hacking group is targeting crypto companies: report

News | Cryptocurrencies | 08 Aug 2019

A Chinese operator has been attacking cryptocurrency companies, according to a FireEye Threat Intelligence report.

FireEye Threat Intelligence, China, cryptocurrency, cybersecurity

Phishing scheme hits Amazon sellers

News | Digital Identity, Security & Online Fraud | 23 May 2019

Hackers have managed to break into the accounts of 100 sellers at Amazon.com, after stealing seller credentials.

Amazon, sellers, phishing scheme, breach, fraud, accounts, seller credentials, stolen money, hackers, account details, funds, banks, spear phishing, fraudsters, hackers

US credit unions and FIs targeted by targeted phishing campaign

News | Digital Identity, Security & Online Fraud | 12 Feb 2019

A targeted phishing campaign has landed in the inboxes of multiple credit unions and financial institutions in the US, according to security expert Brian Krebs.

FI, credit unions, Brian Krebs, phishing campaigns, tax season, US, fraud prevention, financial data, money laundering, anti money laundering

NCSC to promote awareness of rising cybersecurity threats

News | Digital Identity, Security & Online Fraud | 08 Jan 2019

The US National Counterintelligence and Security Center (NCSC) has started to distribute informative materials promoting increased awareness of rising cybersecurity threats from nation-state actors.

National Counterintelligence and Security Center, NCSC, cybersecurity, cyber threats, phishing, ransomware, social engineering, US

Microsoft, Paypal, Netflix top targets for phishing attacks

News | Digital Identity, Security & Online Fraud | 31 Oct 2018

Microsoft, Paypal, as well as Netflix have been reported as the most targeted brands by bad actors, according to a Vade Secure report.

phishing, malware, survey, user account, data, US, Microsoft, PayPal, Netflix

Russia-based cybergang targets Russian and Romanian banks

News | Digital Identity, Security & Online Fraud | 31 Aug 2018

A new campaign led by the Russia-based Cobalt hacking group was observed on August 13, 2018 targeting NS Bank in Russia and Carpatica/Patria in Romania.

Cobalt hacking group, cybersecurity, Russia, Romania, banks, malware, phishing, malicious link

79 percent of businesses lack strategies to manage external cybercrimes

News | Digital Identity, Security & Online Fraud | 19 Jul 2016

Results from a new Ponemon Institute study have revealed that for 79% of companies, the security infrastructure is either non-existent, ad hoc or inconsistently applied throughout the enterprise.

cybercime, online security, cyber attacks, risk detection, social engineering, survey, Ponemon Institute

Ryan Wilk, NuData Security: "Fraud rates continue to rise, and fraudsters are becoming increasingly sophisticated"

Interviews | Interviews | 20 May 2016

Data breaches are now a fact of life, and are an almost weekly occurrence that continues to supply an illegal market of online data

online fraud, online security, cyber security, fraud prevention, fraudsters, data breaches, online data, Ryan Wilk, NuData, interview

43 percent of cyber attacks target SMEs

News | Digital Identity, Security & Online Fraud | 02 May 2016

Symantec’s 2016 Internet Security Threat Report has revealed that small businesses have become a big target for phishers.

cybercrime, malware, ransomware, online, security, phishing, SMEs, study, Symantec

77 percent of companies cannot respond to cyber attacks

News | Digital Identity, Security & Online Fraud | 20 Apr 2016

The Global Threat Intelligence Report has revealed that only 23% of organisations are capable of responding to a cyber-incident, with 77% having no capacity to respond at all. 

cyber attacks, online security, spear phishing, Global Threat Intelligence Report, report

Entrust Datacard and Trend Micro partner for data security

News | Digital Identity, Security & Online Fraud | 24 Mar 2016

Entrust Datacard and Trend Micro have teamed up to provide data security to enterprises that need strong data encryption and authentication technology.

online fraud, online security, cyber security, fraud prevention, data security, Entrust Datacard, Trend Micro

Russian banks robbed by cyber criminals

News | Digital Identity, Security & Online Fraud | 23 Mar 2016

Russian security company, Group-IB, has reported a USD 26 million robbery form several Russian banks, committed by a cyber-gang.

bank, cyber attack, phishing emails, malware, Russia, Group-IB