On one hand, 60% of survey respondents rate their institutions as "above average" or "superior" when it comes to mitigating fraud. Yet, 55% say their customers and partners lack sufficient awareness to protect themselves from fraud. Appgate's Bryan Jardine analyzes the Faces of Fraud survey results.
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....
The number of breach reports filed by U.S. organizations looks set to break records, as breaches tied to phishing, ransomware and supply chain attacks keep surging, the Identity Theft Resource Center warns. It says that there's also been a rise in tardy breach notifications containing little detail.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including why enterprises need a multilayered approach to securing identity, how fraud will evolve in 2022 and the need to secure backdoors to prevent ransomware attacks.
Despite the popular perception of identity theft as a major cause of fraud, it accounts for only 20% of auto loan fraud risk while income and employment misrepresentation account for 60% of loan losses, says Justin Davis, fraud consultant at Point Predictive. He discusses tools that can catch this type of fraud.
Microsoft has officially gone fully passwordless, allowing Windows users to replace their alphanumeric passwords with one of several substitute sign-in technologies to gain entry into a Microsoft product - a move received positively by industry insiders.
Massachusetts Attorney General Maura Healey says her office is probing the data breach at T-Mobile that exposed the personal information of 54 million people, including current, former and prospective customers of the carrier. The Federal Communications Commission is also investigating the incident.
The White House is preparing executive branch agencies to adopt "zero trust" network architectures by 2024, with CISA and the OMB overseeing the creation of technology road maps that departments must follow. This is a major component of President Biden's cybersecurity executive order.
Veriff’s industry-leading identity verification, KYC, and AML technology is able to process more than 9,500 government-issued ID documents from over 190 countries and match faces with biometric face recognition technology to verify millions of identities across the world.
Download Veriff’s H1 2021 Identity Fraud...
More than ever before, there’s a much larger reliance on conducting our business and personal lives digitally. Consumers and businesses embracing digital-only services, product delivery and work has resulted in increased fraud and identity theft.
As bad actors continue to expose weaknesses in new digital...
Investment banking giant Morgan Stanley is the latest company to report a data breach tied to zero-day attacks on Accellion's legacy File Transfer Appliance - yet another indicator of the sustained impact of supply chain attacks.
Mercedes-Benz USA says one of its vendors exposed 1.6 million records that pertained to its customers and interested buyers. The incident, which involved an unnamed vendor and a cloud storage platform, is similar to one recently disclosed by Volkswagen.
This year, attackers are permeating the everyday lives of consumers, citizens, and lawmakers everywhere. The response to recent ransomware attacks on companies is serving as a reminder that cybersecurity, at its core, is a matter of building and maintaining trust.
Meanwhile, organizations and security professionals...
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