Do consumers now feel more exposed than ever to the risk of fraud?
As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike, according to a survey by Marqeta. The company …
Scammers aren’t always who we expect them to be: How AI and biometrics can help
When it’s time to hire a new employee, organizations go to great lengths to avoid hiring someone who would commit fraud: background checks, credit checks, drug tests, etc. But …
90% of security leaders view bot management as a top priority
HUMAN published a research into security leaders’ perceptions of and responses to sophisticated bot attacks. The research, which was conducted by Enterprise Strategy Group …
Defeating typosquatters: Staying ahead of phishing and digital fraud
It has become a mantra for businesses targeted by hackers to describe the incident as a “sophisticated cyber-attack”. Although true in some instances, the reality is that most …
Financial institutions experiencing jump in new pandemic-related threats
Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cybercrime, according to a research …
eCommerce fraud losses to surpass $20 billion this year
The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021; a growth of 18% over a single year, according to a …
16% of mobile devices in developing markets now infected with malware
Mobile users already disadvantaged by an economic and digital divide have suffered the most from digital fraud throughout the COVID-19 pandemic. In emerging markets such as …
Consumers embracing biometrics to protect their information
Consumers across the U.S. and Canada have embraced digital banking and biometric identity proofing during the COVID-19 pandemic, a FICO study has found. The study found that …
COVID-19 creates a boom in biometric adoption
Goode Intelligence published a survey which captured the views and opinions of companies that have deployed or are thinking of deploying biometrics. COVID-19 has accelerated …
Facebook Messenger users targeted by a large-scale scam
A large-scale scam campaign targeting Facebook Messenger users all over the world has been detected by Group-IB. Digital Risk Protection (DRP) analysts have found evidence …
Payment transaction volume using 3-D Secure protocol grows globally
RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse …
Bad bot traffic reaching an all-time high over the past year
In 2020, Imperva saw the highest percentage of bad bot traffic (25.6%) since 2014, while traffic from humans fell by 5.7%. More than 40% of all web traffic requests originated …