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 …
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 …
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 …
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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