Major shifts and the growing risk of identity fraud
Traditional identity fraud losses, caused by criminals illegally using victims’ information to steal money, exploded in 2021 to $24 billion — an alarming 79% increase over …
cybercrime
Trust in fintech security has been wavering
In Q1 of 2022, fintech companies experienced 2.5 times more attacks than in the two previous years. The growing rate of cybercrime has added to the market unrest and …
How to identify and combat online fraud
As the popularity of Buy Now, Pay Later (BNPL) grows, organizations and consumers must remain vigilant or risk becoming a victim of fraud, as account takeover attacks – where …
CloudMensis backdoor spies on users of compromised Macs
ESET researchers discovered CloudMensis, a macOS backdoor that spies on users of compromised Macs and uses public cloud storage services to communicate back and forth with its …
Online payment fraud losses to exceed $343 billion
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research. As a comparison, this equates to …
The proliferation of money mules and how behavioral biometrics can combat this form of fraud
In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the …
How attackers abuse Quickbooks to send phone scam emails
INKY researchers disclosed the latest variant of the tried-and-true phone scam, a low-tech phone scam where attackers extract personal information by sending out spoofed …
BlackCat (aka ALPHV) ransomware is increasing stakes up to $2.5 million in demands
The notorious cybercriminal syndicate competes with Conti and Lockbit 3.0. They introduced an advanced search by stolen victim’s passwords, and confidential documents leaked …
The impact of DNS attacks on global organizations
Often we see stories about cyber attacks that breached an organisations’ security parameters, and advice on how we can protect against future threats. However, what is often …
Evolving online habits have paved the way for fraud. What can we do about it?
Information is power, and personally identifiable information (PII) is an extremely powerful asset that is fueling the rapid growth of online fraud (also known as the Digital …
EMEA continues to be a hotspot for malware threats
Ransomware detections in the first quarter of this year doubled the total volume reported for 2021, according to the latest quarterly Internet Security Report from the …
Detection, isolation, and negotiation: Improving your ransomware preparedness and response
The risks presented by ransomware and cyber extortion events have likely found a place in your own security team’s discussions, and rightfully so. Ransomware attacks have …