Consumers need to stay alert as skimming grows
The number of cards compromised at U.S. ATMs and merchants rose 39 percent in the first six months of 2017, compared to the same period in 2016, according to new data from …
fraud
The untapped potential of machine learning for detecting fraud
E-commerce fraud protection company Signifyd has recently signed up behavioral analytics expert Long-Ji Lin to fill the position of Chief Scientist. “For advertisers, …
How Magecart attackers monetize stolen payment card info
The Magecart campaign, aimed at compromising online shops with malicious JavaScript code to collects payment card info, is still going strong, and researchers have pinpointed …
Internet crime: The continuing rise of the BEC scam
Through its website, the FBI’s Internet Crime Complaint Center (IC3) accepts complaints about Internet-facilitated criminal activity, and forwards them to the …
Most corporate finance leaders expect to change fraud-fighting strategies
Today’s senior finance executives are battling record levels of fraud, in turn narrowing corporate focus and limiting resources that could otherwise be devoted to …
Dark web fraud guides reveal potential threats to orgs
An in-depth look at content from more than 1,000 fraud guides available for sale on the dark web revealed that the majority of these guides are useless. Still, as many as 20 …
Who’s responsible for fixing SS7 security issues?
The WannaCry ransomware onslaught has overshadowed some of the other notable happenings this month, including the spectacular Google-themed phishing/spamming attack, and the …
Why businesses should care about identity theft
Identity theft is a type of fraud that’s directed squarely against individuals, but to believe that businesses don’t suffer any consequences or costs associated …
How fraudsters stole millions with the help of a legitimate online tool
Identity thieves have managed to steal $30 million from the US Internal Revenue Service by taking advantage of an online tool designed to help students fill out financial aid …
Most organizations were victims of business email compromise in 2016
Nearly three quarters of corporate treasury and finance professionals said their companies were victims of payments fraud last year, according to the Association for Financial …
