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 …
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 …
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 …
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 …
Pre-pandemic techniques are fueling record fraud rates
Within the largest financial institutions, insurers, and retailers, the rise and adoption of AI, an impending recession, and the return of pre-pandemic fraud techniques are …
AI verification systems give businesses an edge over scammers
Fraudsters are underestimating the power of AI to detect fake IDs, according to a new report from Ondato. Based on an analysis of millions of ID verifications carried out for …
The staggering cost of identity fraud for financial services
The impact of identity fraud varies for organizations in the financial services industry, based on whether they belong to the banking or FinTech sector, according to Regula. …
Stop online counterfeiters dead in their tracks
During this Help Net Security interview, Nicole Hofmann, CEO at Sentryc, delves into the critical issue of counterfeiting and the detrimental impact it has on industries and …
The SVB demise is a fraudster’s paradise, so take precautions
For those who haven’t followed the drama, Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation, after a bank run that …
Fighting financial fraud through fusion centers
Keeping up with financial fraud is incredibly difficult because accurate fraud detection requires a deep, real-time analysis of all the events surrounding a transaction. …
Synthetic identity fraud calls for a new approach to identity verification
In 2022, US financial institutions and the credit card sector lost an estimated $4.88 billion to synthetic identities through falsified deposit accounts and unsecured credit …
Resecurity identified the investment scam network Digital Smoke
Resecurity identified one of the largest investment fraud networks by size and volume of operations created to defraud Internet users from Australia, Canada, China, Colombia, …