Banks risk losing customers with anti-fraud practices
Many banks across the U.S. and Canada are failing to meet their customers’ online identity fraud and digital banking needs, according to a survey from FICO. Despite COVID-19 …
Europol analyzes latest trends, cybercrime impact within the EU and beyond
The global COVID-19 pandemic that hit every corner of the world forced us to reimagine our societies and reinvent the way we work and live. The Europol IOCTA 2020 cybercrime …
As ATO attacks surge, consumers expect merchants to protect them from fraud
Attempted account takeover (ATO) attacks swelled 282 percent between Q2 2019 to Q2 2020, Sift reveals. Likewise, ATO rates for physical ecommerce businesses — those that sell …
Preventing ecommerce fraud: A look at current trends and patterns
Forter released its Fraud Attack Index, delivering in-depth insight into the impact of COVID-19 on online buyer behavior and ecommerce fraud trends. This edition revealed …
Rising reports of fraud signal that some COVID-related schemes may just be getting started
As the economic fallout of the COVID-19 crisis continues to unfold, a research from Next Caller, reveals the pervasive impact that COVID-related fraud has had on Americans, as …
Online fraud against businesses drops, increases against consumers during reopening
Fraudsters are decreasing their schemes against businesses, but increasing COVID-19 focused scams against consumers online, according to TransUnion. Fraudsters less targeting …
Brand impersonation is a go-to tactic for attackers, especially for credential phishing and BEC attacks
Trends in BEC and email security during Q2 2020 included a peaking and plateauing of COVID-19-themed email attacks, an increase in BEC attack volume and acceleration of …
Content farms develop and spread fake news about COVID-19 for profit
RiskIQ released a research report revealing a large-scale digital scam advertisement campaign spread through fraudulent news sites and affiliate ad networks that cater to …
27% of consumers hit with pandemic-themed phishing scams
Phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic, TransUnion reveals. Among consumers reporting being targeted with digital COVID-19 schemes …
Cybersecurity concerns front and center as online voting expected to shape future elections
Online voting is likely to shape future election cycles, according to a study from OneLogin. 59% of respondents expect online voting will become a reality within five years. …
200% increase in invoice and payment fraud BEC attacks
There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. This sharp rise continues the …
80% of consumers trust a review platform more if it displays fake reviews
Many people are using COVID-19 quarantine to get projects done at home, meaning plenty of online shopping for tools and supplies. But do you buy blind? Research shows 97% of …
