The massive cyberattacks that struck Chase and other leading U.S. financial services firms illustrate just how vulnerable larger institutions can be to cyber-attacks. They also show why organizations must encrypt customer data, says security and forensics expert Chuck Easttom.
In today's digital world, email phishing attacks are more harmful - and more prevalent - than ever before. Banks and financial institutions are often the first to be targeted, since the financial gain of a successful attack is a lucrative business.
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Fraudsters are increasingly using global brands, including Apple, to fool consumers into providing personal and financial information that can be used to compromise financial accounts. Experts offer insights on the latest trends and how to respond.
Today's cyber criminals use social engineering to plan and execute increasingly sophisticated phishing attacks. The Fundamentals of Phishing provides practical steps for consumers to identify fraudulent phishing emails. It also provides guidance for organizations to prevent their brands and domains being leveraged for...
In recent years, sending a seemingly innocent email to trick the recipient into allowing unauthorized access to corporate and organizational networks has cost businesses millions of dollars. End users have become sensitive to highly publicized cyber-attacks, knowing that their personal data is at stake.
Everyone's talking about business email compromise, but what they aren't talking enough about is what's at the root of these attacks - spear phishing. Joseph Opacki of PhishLabs discusses how security leaders must respond to the threat.
Less than a year after the United States Postal Service revealed that hackers breached agency computers, many employees continue to click on phishing messages that contain false links, according to an inspector general report.
Too often, individuals who fail to take the proper steps to secure IT aren't punished for their reckless behavior. But should those who consistently fail to follow safe cyber hygiene be severely penalized for repeatedly falling for phishing attacks?
Spear phishing is the preferred attack method for advanced threat actors. Well-crafted spear phishing attacks easily slip past layers of defenses and target the only vulnerability that cannot be patched -- people. The vast majority of headline data breaches in recent years have all begun with spear phishing attacks....
A penny saved is a penny earned, as Benjamin Franklin made familiar in Poor Richard's Almanac in 1737 - and every penny of fraud loss recovered (or better yet, avoided) goes straight to the organization's bottom line.
Present-day examples span the gamut of industries. The losses are in the billions and growing -...
Four years after the FFIEC issued its updated authentication guidance, many banking institutions say account takeover losses have gone up, a new survey shows. John LaCour of PhishLabs explains why institutions' reactive approach to fraud is failing.
The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
Carphone Warehouse, a U.K.-based mobile phone retailer, is investigating a cyber-attack that may have breached personal information associated with up to 2.4 million customers, and card data linked to 90,000 accounts.