The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
For fraudsters, there has been no respite. The fraud
economy took no pandemic hit. There was no
reduction in schemes among adversaries and they
experienced no job losses. Instead, shifts toward an increased dependency on digital channels have presented a myriad of new opportunities for illicit
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges.
In its latest quarterly fraud and payments report, Outseer notes a 58% increase in brand abuse - a trend that's only going to grow, says COO Jim Ducharme. He analyzes this and other fraud trends, including how to reduce fraud without compromising user experience.
An ongoing hacking campaign is targeting Italian online banking users by infecting their devices with the Gozi banking Trojan and then prompting them to download Cerberus malware to make money transfers, according to IBM Security Intelligence.
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for Financial Institutions and other AML regulated entities.
How has the AML regulatory climate shifted most...
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Banks and mobile network operators should collaborate to mitigate the risks of SIM swap fraud, which can lead to account takeovers, says Clare Messenger, global head of fraud protection at the U.K. telecom firm JT Group Ltd.
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.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Leverage Gartner insights to fortify payment fraud prevention strategies
As businesses transform to meet shifting consumer behavior and emerging fraud patterns in digital channels, it’s never been more important to assess the comprehensive financial impact of fraud solutions.
According to Gartner, “In...
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.