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bank
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 …

money
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 …

iPhone
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 …

mask
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 …

BEC scams
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 …

criminal
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 …

person
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 …

bot
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 …

payment card
Popularity of online payment goes hand-in-hand with fraud

NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting …

Fraudsters answer security questions better than customers

Pindrop released a report uncovering how companies might be accidentally inviting fraud, threat mongers from the dark web and bad actors better prepared to pass …

COVID-19
Issue in digital COVID-19 test could have allowed individuals to falsify results

WithSecure and Cue Health have worked together to address a security issue that WithSecure discovered in Cue’s COVID-19 test, which delivers the results of a nasal swab test …

thief
Slow deployment is hampering fraud prevention. What gives?

In May, Okta finalized its acquisition of Auth0 for $6.5 billion. Every company loves to add a shiny new toy to its arsenal, but this move sent a clear message to enterprise …

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