PDF: The vehicle of choice for malware and fraud
There has been a substantial increase of fraudulent PDF files, according to a report by SonicWall Capture Labs threat researchers. This fraud campaign takes advantage of …
Banks continue to prioritize risk management over customer convenience
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are …
As fraud attacks grow more sophisticated, a need for contextual detection strategies increases
Fraudsters are using a complex array of tools to build armies of fake accounts, 74% of all fraudulent accounts are created from desktops, and cloud service provider IP ranges …
45% of taxpayers do not securely store tax documents
Despite almost four in 10 (38 percent) taxpayers saying they are worried they will become a victim of tax fraud or tax identity theft during tax season, 45 percent admit to …
Cost of telecommunications fraud estimated at €29 billion a year
As our society evolves, so does our reliance on telecommunications technology. Cybercriminals prey on our daily use of electronic devices and continuously seek out new ways to …
Employees report 23,000 phishing incidents annually, costing $4.3 million to investigate
Account takeover-based (ATO) attacks now comprise 20 percent of advanced email attacks, according to Agari’s Q1 2019 Email Fraud & Identity Deception Trends report. …
eCommerce credit card fraud is nearly an inevitability
Riskified surveyed 5,000 US-based consumers aged 18 and older about their online shopping behaviors, experience with and prevalence of credit card fraud, repeat shopping …
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, …
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 …
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