Online payment fraud losses to exceed $343 billion
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research. As a comparison, this equates to …
The proliferation of money mules and how behavioral biometrics can combat this form of fraud
In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the …
Who are the best fraud fighters?
Seasoned fraud expert PJ Rohall has recently become the new Head of Fraud Strategy & Education at SEON. In this Help Net Security interview, he talks about how he entered …
Evolving online habits have paved the way for fraud. What can we do about it?
Information is power, and personally identifiable information (PII) is an extremely powerful asset that is fueling the rapid growth of online fraud (also known as the Digital …
Attack methods using hybrid bots enable criminals to open mule accounts at scale
During the first half of 2022, BioCatch data reveals that money mule accounts represent up to 0.3 percent of accounts held by financial institutions, and an estimated $3 …
How financial institutions are improving customer experience with fraud prevention measures
Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one …
Fraud trends and scam tactics consumers should be aware of
If it seems like you’re receiving more spam than normal, you probably are. Seventy-four percent of consumers say they have received a scam text so far this year, while as many …
Pandemic-related identity fraud: How serious is it?
The Identity Theft Resource Center (ITRC) and LexisNexis Risk Solutions have released the Pandemic-Related Identity Fraud Crime Victim Impacts Report, which shows how …
Language-based BEC attacks rising
Armorblox released a report which highlights the use of language-based attacks that bypass existing email security controls. The report uncovers how the continued increase in …
57% of all digital crimes in 2021 were scams
Group-IB shares its analysis of the landscape of the most widespread cyber threat in the world: scams. Accounting for 57% of all financially motivated cybercrime, the scam …
80% of consumers prefer ID verification when selecting online brands
Jumio released the findings of its global research conducted by Opinium, which shows the impact of the increasing use of digital identity on consumer preferences and …
Record level of bad bot traffic contributing to rise of online fraud
Bad bots, software applications that run automated tasks with malicious intent, accounted for a record-setting 27.7% of all global website traffic in 2021, up from 25.6% in …