Record level of bad bot traffic contributing to rise of online fraud
Bad bots, software applications that run automated tasks with malicious intent, accounted for a record-setting 27.7% of all global website traffic in 2021, up from 25.6% in …
Popularity of online payment goes hand-in-hand with fraud
NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting …
Fraudsters answer security questions better than customers
Pindrop released a report uncovering how companies might be accidentally inviting fraud, threat mongers from the dark web and bad actors better prepared to pass …
Issue in digital COVID-19 test could have allowed individuals to falsify results
WithSecure and Cue Health have worked together to address a security issue that WithSecure discovered in Cue’s COVID-19 test, which delivers the results of a nasal swab test …
Slow deployment is hampering fraud prevention. What gives?
In May, Okta finalized its acquisition of Auth0 for $6.5 billion. Every company loves to add a shiny new toy to its arsenal, but this move sent a clear message to enterprise …
The changing role of the CCO: Champion of innovation and business continuity
In this interview with Help Net Security, Simon Winchester, VP Worldwide Advanced Technologies at Jumio, talks about the changing role of the chief compliance officer (CCO) …
Organizations must be doing something good: Payment fraud activity is declining
Results from an Association for Financial Professionals (AFP) survey are encouraging, as 71% of organizations report having been victims of payments fraud activity in 2021, …
Eavesdropping scam: A new scam call tactic
Hiya has detected the newest scam call tactic, the eavesdropping scam. The new scam aims to get users to call back by leaving vague voicemail messages where an unknown voice …
Consumer fraud tripled in the last two years
Reported cases of consumer fraud more than tripled in the years 2020-2021 from prior years, finds a new report by Accenture, presenting a growing challenge for public safety …
Internal auditors stepping up to become strategic advisors in the fight against fraud
A report from the Internal Audit Foundation, The Institute of Internal Auditors (IIA) and Kroll, is based on a recent global survey and focus groups with internal auditors, …
Traditional identity fraud losses soar, totalling $52 billion in 2021
A study shows that traditional identity fraud losses, caused by criminals illegally using victims’ information to steal money, exploded in 2021 to $24 billion — an alarming …
We need an industry-backed, tech-neutral resource to restore trust in voice communications
With illegal robocalls now representing nearly half of all unwanted calls in the U.S., consumers are opting to simply not pick up their phones. In fact, studies show that in …