Cost of telecommunications fraud estimated at €29 billion a year
As our society evolves, so does our reliance on telecommunications technology. Cybercriminals prey on our daily use of electronic devices and continuously seek out new ways to …
fraud
Employees report 23,000 phishing incidents annually, costing $4.3 million to investigate
Account takeover-based (ATO) attacks now comprise 20 percent of advanced email attacks, according to Agari’s Q1 2019 Email Fraud & Identity Deception Trends report. …
eCommerce credit card fraud is nearly an inevitability
Riskified surveyed 5,000 US-based consumers aged 18 and older about their online shopping behaviors, experience with and prevalence of credit card fraud, repeat shopping …
Battling attacks from global criminal networks in the financial sector
Every now and then, banks and financial institutions (and their customers) are targeted by opportunistic hackers, but they are much more worried about those that are smarter, …
Insight into the growing problem of highly sophisticated fraud
Sophisticated fraud campaigns are beginning to outwit machine learning solutions especially the ones that only detect known fraud patterns based on historic loss experience, …
Losses from online payment fraud to reach $48 billion annually
A new study from Juniper Research has found that annual online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services, will reach $48 …
The holiday season and cybercrime: 8 ways to protect yourself
The holiday season has become an unbridled online spending extravaganza, and threat actors have taken notice. For shoppers, what starts out as an attempt to fulfill their …
In a post-EMV world, fraud is shifting from in-person to ecommerce channels
Three years after the switch to new chip-based credit and debit cards, a study by the National Retail Federation and Forrester says payment card fraud is still a top concern …
Online shopping fraud to surge during Black Friday and Cyber Monday
New benchmark data from ACI Worldwide revealed a projected 14 percent increase in fraud attempts during the upcoming 2018 peak holiday season. Based on hundreds of millions of …
BEC scammers stole €19m from film company Pathé
The Dutch branch of the French film production and distribution company Pathé has lost over 19 million euros to BEC scammers, Dutch News reported. The scam Information about …
