FTC reveals alarming increase in scam activity, costing consumers billions
Newly released Federal Trade Commission (FTC) data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the …
Cybercriminals exploit fear and urgency to trick consumers
Cybercriminals remained active in spying and information stealing, with lottery-themed adware campaigns used as a tactic to obtain people’s contact details, according to …
Fraudsters’ working patterns have changed in recent years
Less sophisticated fraud — in which doctored identity documents are readily spotted — has jumped 37% in 2022, according to Onfido. Fraudsters can scale these attacks on an …
Cybersecurity engineering under the Federal Trade Commission
When the Federal Trade Commission (FTC) releases new regulations or changes to existing ones, the implications may not be obvious to the average business or company employees. …
Identifying key areas for fraud risk during the recession
As economic pressure increases, so does fraud risk. While the world slides into a recession, the resulting increased debt, supply chain delays, and inflation create increased …
How an effective fraud prevention strategy can force fraudsters to invest more in their attacks
Since the early stages of the pandemic, account takeover fraud (ATO) has significantly transformed, quickly becoming one of the fastest-growing cybersecurity threats with 22% …
Cybercriminals are cashing in on FIFA World Cup-themed cyberattacks
The hype and popularity of the FIFA World Cup has attracted audiences from across the globe. And this, in turn attracts a variety of cybercriminals, who want to exploit the …
The emergence of zero trust consumers
A survey report from Daon shows 92% of consumers believe that cybersecurity threats will continue to outpace cybersecurity technology, with 91% willing to take extra security …
Online payment fraud is evolving
E-commerce fraud is expected to cost merchants in excess of US$48 billion globally in 2023, up from over $41 billion in 2022 according to Juniper Research. It predicted that …
Alternative payment methods are creating new fraud risks
A Juniper Research study found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. It predicted …
Shadow APIs hit with 5 billion malicious requests
Cequence Security released its first half 2022 report titled, “API Protection Report: Shadow APIs and API Abuse Explode.” Chief among the findings was approximately 5 billion …
Financial crises boost fraud rates, making online consumers more cautious
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to a research released by Paysafe. This Help Net Security video …