Known losses due to business email compromise have exceeded $12.5 billion worldwide, the FBI's Internet Complaint Center reports, adding that fraudsters are increasingly targeting the U.S. real estate sector with such scams.
Twelve Russian intelligence officers have been indicted, as a result of Special Counsel Robert Mueller's ongoing investigation, for allegedly conspiring to interfere with the 2016 presidential election, including by hacking the Democratic National Committee.
To stop fraudsters, iovation's John Marsden wants organizations not just to ask customers to verify their personal details. He also wants organizations to take a good, hard look at the devices that alleged customers are using.
In the wake of news that 12 additional Russians have been indicted for conspiring to interfere with the 2016 presidential election, a key question emerges: What will President Trump say when he meets Monday with Russian President Vladimir Putin? Carbon Black's Tom Kellermann offers analysis.
Magecart, the criminal group behind the recent data breach at certain Ticketmaster websites, may have also hit the company's sites in Australia, New Zealand, Turkey and Hungary, according to RiskIQ, which says the group's digital payment card skimmers may also affect as many as 800 other e-commerce sites.
Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Aaron Sherman, who recently made the transition from serving as an FBI agent investigating cybercrime and nation-state threats to working at Braintrace on ways to improve detection and response efforts, shares insights on the career change.
A new kind of cyberattack that targeted financial institutions in Europe and Russia to steal nearly $100 million illustrates how threats are evolving, says Brian Hussey of Trustwave, who discusses mitigation steps.
The key to lowering the risk of employees becoming victims of phishing is to adopt an "adult learning" approach to training, says Brent Maher, CISO at Johnson Financial Group.
Stolen data is one thing - the consequences are obvious. But what if data is not stolen or leaked, but rather altered? What could be the damage? Diana Kelley of Microsoft discusses the emerging topic of data integrity and how to preserve it.
At the advent of real-time payments, it's more critical than ever for organizations to quickly authenticate users and transactions. And David Vergara of OneSpan says emerging tools build upon legacy technologies to ensure trusted identity with minimal friction.
It's a fair question: Can you trust the fraud advice you're given from a former fraudster? Especially one who's betrayed law enforcement before? Brett Johnson says he's abandoned crime for good, and he shares insight on the types of fraud schemes he once practiced.
Aite's Julie Conroy calls it a "perfect storm." In the post-EMV U.S., and in the wake of massive data breaches and the move to mobility, financial institutions are besieged by a new flood of new account fraud. How can data analytics help them improve fraud prevention?
The U.K. has approved a plan to build a cutting-edge court complex in London designed to handle cybercrime, fraud and economic crime. The facility is expected to be a growth driver for the country's legal industry, despite the U.K.'s pending withdrawal from the European Union.
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