Your supplier’s BEC problem is your BEC problem
Business email compromise (BEC) scams are a burgeoning threat for organizations and, despite rising awareness, new victims are cropping up daily. BEC scammers don’t care …
PayPal becomes phisher’s favorite brand, Office 365 phishing techniques evolve
PayPal has overtaken Microsoft to claim the number one ranking for phisher’s favorites for the first time. Netflix was not far behind as the streaming giant moved up to …
Cybercriminals are testing exposed credentials for future account takeover attacks
Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season, …
Nikkei hit by BEC scammers, loses $29 million
Japanese media company Nikkei Inc. is the latest organization to be fleeced by BEC scammers, to the tune of $29 million. What happened? The company confirmed last week that, …
Researchers develop machine learning-based detector that stops lateral phishing attacks
Lateral phishing attacks – scams targeting users from compromised email accounts within an organization – are becoming an increasing concern in the U.S. Whereas in …
Risky transactions on mobile devices increase 138% since 2017
Risky transactions on mobile devices are showing an increase of 138% since 2017, iovation survey of 802 consumers from the United Kingdom and 802 consumers from the United …
Companies unprepared to deal with mobile attacks, synthetic identity fraud, CCPA compliance
There is a growing impact of large-scale data breaches and fraud on consumer trust and the critical need for businesses to balance the digital consumer experience with strong …
Perceptions on the impact of data breaches and identity protection
4iQ recently completed research focusing on Americans’ attitudes about cybersecurity breaches and the efforts that organizations make to mitigate breaches’ effects on identity …
Fake mobile app fraud tripled in first half of 2019
In Q2 2019, RSA Security identified 57,406 total fraud attacks worldwide. Of these, phishing attacks were the most prevalent (37%), followed by fake mobile apps (usually apps …
As consumers engage with insurance companies online, new types of digital fraud emerge
As more U.S. consumers use digital platforms when engaging with insurance companies, new fraud challenges are likely to arise for insurance carriers, according to TransUnion …
Only one quarter of retail banks have adopted an integrated approach to financial crime systems
Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading …
Fraudsters no longer operate in silos, they are attacking across industries and organizations
From January 2019 through June 2019, LexisNexis Risk Solutions recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the …
