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 …
Duration of application DDoS attacks increasing, some go on for days
There were seven major application DDoS attacks over the previous month — two of which lasted 5-6 days, Imperva reveals. Additionally, the team found that 47% of account …
New technique protects consumers from voice spoofing attacks
Researchers from CSIRO’s Data61 have developed a new technique to protect consumers from voice spoofing attacks. Fraudsters can record a person’s voice for voice …
Email security challenges and BEC trends during the pandemic
COVID-related attacks increased 436% between the second and third weeks of March 2020, with an average 173% week-over-week increase during the quarter, according to Abnormal …
The “return” of fraudulent wire transfers
Ransomware gangs targeting businesses are currently getting more public attention, but scammers trying to trick employees into performing fraudulent wire transfers are once …
Create a safe haven for your customers to build loyalty
“The customer comes first” started out as the secret to success in business. Now it’s the secret to 21st century cybersecurity and fraud prevention, too. The phrase always …
What can merchants do to avoid falling victim to large-scale ATO attacks?
Account Takeover (ATO) attacks happen when a bad actor gains access to a legitimate customer’s eCommerce store account and uses that account for fraud. The impact of ATO …
Less than a quarter of Americans use a password manager
A large percentage of Americans currently do not take the necessary steps to protect their passwords and logins online, FICO reveals. As consumers reliance on online services …
COVID-19 online fraud trends: Industries, schemes and targets
The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer …
Open source algorithms for network graph analysis help discover patterns in data
StellarGraph has launched a series of new algorithms for network graph analysis to help discover patterns in data, work with larger data sets and speed up performance while …
Is the stress of card fraud worth the digital convenience?
With a growing portion of consumers having now fallen victim to card fraud, anxiety about the security of our digital accounts is spiking, according to a survey by Marqeta. …