Banks are uniquely exposed to secondhand risk and fraud resulting from compromises of payment card information at merchants in other industries, particularly retail, hospitality, and ecommerce. A significant proportion of fraud against retail banks issuing credit cards therefore results from incidents on networks and...
Are you prepared to Trick or Treat this year?
Halloween is fast approaching, but cybercriminals don’t need a special holiday to carry out their tricks. A particularly spooky scheme? Using stolen usernames and passwords to take unauthorized ownership of online accounts for their own personal gain. Known as...
As digital transformation accelerates at an unprecedented rate, strategic initiatives such as revenue collection, customer loyalty, and brand awareness are now primarily online. And they’re increasingly being hijacked by hackers, leading to account takeover (ATO), fraud losses, and damaged brands. Any business that...
Researchers at the security firm Cisco Talos have spotted an ongoing campaign using an updated variant of the "Neurevt" Trojan to target customers of financial institutions in Mexico.
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges.
A newly uncovered banking Trojan dubbed Vultur is targeting Android users through screen recording to capture the victims' banking credentials, a new report by security firm ThreatFabric says.
A new card stealer malware campaign that loads JavaScript malware from blocked domain lists to evade detection is targeting e-commerce sites that run Adobe's Magento, software security firm Sucuri reports.
In its latest quarterly fraud and payments report, Outseer notes a 58% increase in brand abuse - a trend that's only going to grow, says COO Jim Ducharme. He analyzes this and other fraud trends, including how to reduce fraud without compromising user experience.
An ongoing hacking campaign is targeting Italian online banking users by infecting their devices with the Gozi banking Trojan and then prompting them to download Cerberus malware to make money transfers, according to IBM Security Intelligence.
Cybercriminals have added a devious weapon to their attack arsenals - malicious browser notifications. And the worst part is they’re not blocked by any current cyber defense. These innocuous looking pop ups can wreak havoc on your network while remaining completely undetected. They look more realistic than...
Al reducir exitosamente los ataques automatizados, Shape le aportó valor a toda la empresa:
El servicio gestionado de Shape le permitió al equipo de seguridad concentrarse en otras prioridades de la seguridad.
Fraude: ahora que Shape evita una gran cantidad de las apropiaciones de cuentas (ATO), el equipo de...
With the rapid adoption of cloud services like Microsoft’s Office 365, and the distributed workforce, the risk of account takeover (ATO) fraud is increasing at alarming rates.
According to a recent Sift index, “ATO fraud attacks have especially spiked by almost 282% from the second quarter of 2019 until the...
Ao mitigar com sucesso os ataques automatizados, o Shape agregou valor em toda a empresa:
O serviço gerenciado Shape permitiu que a equipe de segurança se concentrasse em outras prioridades.
Fraude: agora que Shape está impedindo a ocorrência da maioria dos ATOs, a equipe de fraude pode dedicar seus recursos...
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for Financial Institutions and other AML regulated entities.
How has the AML regulatory climate shifted most...
Is your approach to financial crime tactical or strategic?
Changing regulatory expectations, new and emerging technologies and criminal event typologies and an abundance on under-utilised data are resetting the operational model for anti-money laundering. When these factors are considered against changed economic...
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