Internet crime has grown so rapidly that law enforcement is outpaced. Here's the story of how a Manhattan doctor lost $200,000 in an internet scam, and why he's struggling to get law enforcement's attention.
Two Russian men have been charged with stealing more than $100 million from banks around the world using the notorious Dridex malware, according to an unsealed U.S. indictment that caps off a decade-long investigation led by American and British law enforcement agencies.
What are the key mobile security threats to financial organizations, and how are these enterprises marshalling their mobile threat defense? These were the questions posed by ISMG and Wandera to security leaders in San Francisco. Wandera's Michael Covington discusses the response.
Adobe says its e-commerce Magento Marketplace has been breached, exposing usernames, email addresses and more. The software giant has yet to detail how many users were affected or the breach duration. Unfortunately, the stolen data could be used to fuel phishing attacks.
South Korean cryptocurrency exchange Upbit says hackers have stolen $49 million worth of ethereum, in what is the year's seventh major cryptocurrency heist. Much of the $158 million stolen so far this year is likely fueling the North Korean regime's appetite for luxury goods and weapons of mass destruction.
Twitter users no longer have to supply a phone number in order to use two-step verification for authentication. The move will better protect accounts from SIM hijacking attempts and also means users don't have to sacrifice some of their privacy to enable a security feature.
Mobile technology allows customers complete control over their banking security via their smartphones, however recent fraud cases have seen criminals virtually hijacking mobile phones to intercept alerts and texts.
The notorious Joker's Stash cybercrime marketplace, which specializes in selling stolen payment card data, has a new listing for 1.3 million credit and debit cards, almost all of which appear to have been issued by Indian banks, reports threat intelligence firm Group-IB.
Application fraud continues to be a significant problem for FIs across the U.S. As identity crimes continue to grow, it is increasingly difficult for FIs to determine who they are dealing with in all delivery channels.
Download this whitepaper to learn the effects of online application fraud in the banking industry...
Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.
As a perennial favorite target for thieves, payment fraud tends to give threat actors access to great reward. Moreover, as security evolves, so does the threat.
Join Gord Jamieson, head of Visa Canada's risk services, as he examines:
the revolution of payment security;
the evolving nature of fraud;
Russian national Andrei Tyurin pleaded guilty to perpetrating massive hack attacks against leading U.S. financial services firms and others from 2012 to mid-2015. Victims included JPMorgan Chase, from which he stole details of 83 million customer accounts.
In Europe and the U.S., financial services organizations and their customers are enjoying the benefits of a digital revolution. Digital channels have transformed the way consumers interact with their financial service providers. Digital channels have bolstered the ability of banks and insurers not only to attract new...