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, …
fraud
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 …
Consumers can’t shake risky security habits
Despite almost half of U.S. consumers (49 percent) believing their security habits make them vulnerable to information fraud or identity theft, 51 percent admit to reusing …
How financial institutions can change the economics of fraud
In 2017, the number of identity fraud victims in the United States has risen to nearly 17 million. As the US became the last of the G20 countries to adopt Chip and …
66% UK SMBs believe they are being aggressively targeted by fraudsters
More than half (52%) of online SMBs globally worry that the move to frictionless payments, such as transactions that take place behind the scenes in apps, is leaving them more …
