The cost of synthetic fraud to reach new highs
A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly …
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The ransomware plague cost the world over $1 billion
Group-IB has presented a report which examines key shifts in the cybercrime world internationally between H2 2019 and H1 2020 and gives forecasts for the coming year. The most …
ATM cash-out: A rising threat requiring urgent attention
The PCI Security Standards Council (PCI SSC) and the ATM Industry Association (ATMIA) issued a joint bulletin to highlight an increasing threat that requires urgent awareness …
75% of cardholders prefer contactless cards to other payment methods
Based on responses from 1,000 U.S. cardholders who are familiar with contactless credit/debit card or “tap and pay” technology, a new Entrust Datacard survey reveals that 75% …
Most global brands fail to implement security controls to prevent data leakage and theft
The global pandemic has seen the web take center stage. Banking, retail and other industries have seen large spikes in web traffic, and this trend is expected to become …
How much is your data worth on the dark web?
Credit card details, online banking logins, and social media credentials are available on the dark web at worryingly low prices, according to Privacy Affairs. Online banking …
Is the stress of card fraud worth the digital convenience?
With a growing portion of consumers having now fallen victim to card fraud, anxiety about the security of our digital accounts is spiking, according to a survey by Marqeta. …
Merchants must find ways to balance security with a seamless customer experience
69% of U.S. merchants reported that significant amount of company time and expense is dedicated to dealing with payment fraud, in a survey by American Express. Balance …
Cybercriminals targeting e-commerce website vulnerabilities this holiday season
Expect unprecedented levels of online data theft this holiday season due to a lack of deployed client-side security measures. Disturbing lack of security measures Tala …
Do your infosec habits make you vulnerable to fraud?
A third of Americans have been a victim of information fraud or identity theft. Despite notable data breaches in 2019, when asked if they update or change passwords/PINs after …
Cardholders still dropping the ball when it comes to basic ID theft prevention
Four in 10 people with a credit or debit card have provided their full Social Security number in an online form in the past month, according to a new report from CompareCards, …
Flaws allow attackers to bypass payment limits on Visa contactless cards
Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by researchers Leigh-Anne Galloway and Tim Yunusov at Positive …
