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.
The insurance industry has a significant fraud problem. Whether targeting the insurance carrier, broker or policyholder, scams are a large financial burden for all stakeholders.
Insurance firms must take deliberate steps to implement a comprehensive customer authentication and fraud prevention strategy.
Watch this live Q&A with Brian Hay, former detective superintendent from the Queensland Police Service and now executive director of Cultural Cyber Security, as he helps organizations understand and develop their business strategies to ensure the highest levels of security.
From there to here, from here to there, types of fraud
Fraud is responsible for billions of dollars of loss every year and accounts for 85 percent of all security breaches - and it can all start with a phishing email from a friendly prince, otherwise known as a 419 fraud.
In this children's book,...
Why try to hack Silicon Valley firms if you can buy off their employees instead? Such allegations are at the heart of a criminal complaint unsealed last week by the Justice Department, charging former Twitter employees with being Saudi agents. Experts say tech firms must hunt for employees gone rogue.
A newly discovered hacking group is using an array of sophisticated spoofing and social engineering techniques to imitate government agencies, including the U.S. Postal Service, in an effort to plant malware in victims' devices and networks via phishing campaigns, according to new research from Proofpoint.
The 2019 iovation Financial Services Fraud and Consumer Trust Report provides an in-depth analysis of the trends transforming the Financial Services industry in 2019 and explores how businesses can stay relevant and profitable in 2020.
In this report, we address three market drivers in financial...
The U.S. Justice Department Tuesday unsealed an indictment charging Russian national Aleksey Burkov with running an underground site called "Cardplanet" that acted as a clearinghouse for stolen payment card data. Burkov arrived in the U.S. Tuesday after being extradited by Israel.
Bala Kumar of iovation, a TransUnion company, sees a marked spike in identity fraud in general, and at account origination in particular. How does this increase manifest across industry sectors, and how should organizations re-think their defenses?
Federal prosecutors have charged a Long Island company, along with seven of its employees, with selling vulnerability-laden Chinese technology to the U.S. military and other agencies for a decade and passing the gear off as American made.
In December, PCI SSC plans to publish a new standard for solutions that enable "tap and go" transactions on merchant smartphones and other commercial off-the shelf mobile devices. Troy Leach, the council's CTO, offers insights on the role the standard will play in enhancing security for smaller merchants.