Ransomware attackers commonly bypass traditional email gateways, targeting people directly to gain access to a company's systems. The answer? Replace these porous controls with a people-centric security strategy, says Matt Cooke of Proofpoint.
A newly identified banking Trojan dubbed SharkBot is now targeting banking and cryptocurrency exchange customers across the U.K., Italy and the U.S. through a sideloading campaign and/or a social engineering campaign.
There’s no question 2020 and 2021 have brought unanticipated changes and challenges for Financial Services and beyond. The notable surge in consumers’ use of websites and mobile apps for their banking transactions and service interactions exposed critical gaps in digital identity and authentication methods. These...
Digital banking has grown 52% in recent years, and with that growth has come a surge in bot-driven account takeover (ATO) attacks. For financial institutions, automated fraud has grown from a cost of doing business to become a material business risk.
Join us for a live webinar as Derek Brink, CISSP, Aberdeen...
Organized networks continue leveraging specific threat vectors to successfully target key customer interaction points. Balancing convenience and safety across the customer journey begins with dynamic interaction and behavior intelligence. Is your current fraud strategy designed to keep pace?
Our ebook details...
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.
The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
Australia is currently the 10th largest ecommerce market in the world by revenue. The ecommerce market value is at $33.1 billion, with an estimated growth rate of 8.9% in 2021.
As digital transformation accelerates initiatives like revenue collection, customer loyalty, and brand awareness are now primarily online....
Neiman Marcus Group says it is notifying 4.6 million of its online customers who are affected by a data breach that occurred in May 2020. The data includes personally identifiable data, payment and gift cards, online account credentials and security questions.
Microsoft has indicated it will make changes to reduce the risk around what a security vendor says is a vulnerability that lets attackers run brute-force credential attacks against Azure Active Directory. The issue was reported to Microsoft in June by SecureWorks' Counter Threat Unit.
For fraudsters, there has been no respite. The fraud
economy took no pandemic hit. There was no
reduction in schemes among adversaries and they
experienced no job losses. Instead, shifts toward an increased dependency on digital channels have presented a myriad of new opportunities for illicit
financial gain....
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...
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