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shield
Consumers demand more from businesses when it comes to security

Fraudsters are opportunistic criminals and 2022 and the first few months of this year brought opportunities like never before, according to Experian. This volatility …

data analytics
A fresh look at the current state of financial fraud

In this Help Net Security video, Greg Woolf, CEO at FiVerity, discusses how the emergence of sophisticated fraud tools powered by AI and recent upheavals in the banking sector …

password
How fraudsters undermine text passcodes

Malicious bots are taking new forms – a burst of spam and scam text messages led to 18,000+ consumer complaints at the FCC last year. One of the newest scams – artificial …

biometrics
A new wave of sophisticated digital fraud hits Europe

Forced verification and deepfake cases multiply at alarming rates in the UK and continental Europe, according to Sumsub. In Germany alone, forced verification grew by 1500% as …

account
Virtual claims raise alarms among insurance carriers and customers

As the digital revolution changes the claims process, both carriers and customers are increasingly concerned about data privacy, according to LexisNexis Risk Solutions. More …

mobile user
Online scams target bargain-hunting holiday travelers

30% of adults have fallen victim or know someone who has fallen victim to an online scam while trying to save money when booking travel, according to McAfee. 34% of those who …

email
Fraudsters send fake invoice, follow up with fake exec confirmation

Fraudsters are trying out a new approach to convince companies to pay bogus invoices: instead of hijacking existing email threads, they are creating convincing ones …

Eyes
Fraud victims risk more than money

Digital fraud has significant financial and psychological repercussions on victims, according to Telesign. Businesses may find a new reason to fear digital fraud as the …

criminal
Think your data has no value? Scammers disagree

In the first quarter of 2023 there was a significant increase in cyberattacks exploiting trust in established tech brands Microsoft and Adobe, according to Avast. The Avast …

insider threat
The costly threat that many businesses fail to address

Insider attacks such as fraud, sabotage, and data theft plague 71% of U.S. businesses, according to Capterra. These schemes can cost companies hundreds of thousands of dollars …

bot
Cybercriminals use proxies to legitimize fraudulent requests

Bot attacks were previously seen as relatively inconsequential type of online fraud, and that mentality has persisted even as threat actors have gained the ability to cause …

thief
Scammers using social media to dupe people into becoming money mules

Fraudsters are taking advantage of the widening fraud knowledge gap, outlining the urgent need for banks to educate and protect their customers with technology, according to …

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