In its latest quarterly fraud and payments report, Outseer notes a 58% increase in brand abuse – a trend that's only going to grow, says COO Jim Ducharme. He analyzes this and other fraud trends, including how to reduce fraud without compromising user experience.
Cybercriminals have added a devious weapon to their attack arsenals - malicious browser notifications. And the worst part is they’re not blocked by any current cyber defense. These innocuous looking pop ups can wreak havoc on your network while remaining completely undetected. They look more realistic than...
Al reducir exitosamente los ataques automatizados, Shape le aportó valor a toda la empresa:
El servicio gestionado de Shape le permitió al equipo de seguridad concentrarse en otras prioridades de la seguridad.
Fraude: ahora que Shape evita una gran cantidad de las apropiaciones de cuentas (ATO), el equipo de...
With the rapid adoption of cloud services like Microsoft’s Office 365, and the distributed workforce, the risk of account takeover (ATO) fraud is increasing at alarming rates.
According to a recent Sift index, “ATO fraud attacks have especially spiked by almost 282% from the second quarter of 2019 until the...
Ao mitigar com sucesso os ataques automatizados, o Shape agregou valor em toda a empresa:
O serviço gerenciado Shape permitiu que a equipe de segurança se concentrasse em outras prioridades.
Fraude: agora que Shape está impedindo a ocorrência da maioria dos ATOs, a equipe de fraude pode dedicar seus recursos...
Can your organization provide a seamless digital experience with immediate account access, and stand up to the highest standards in safeguarding customers’ assets?
When consumers fall victim to fraud, they expect their financial services organization (FSO) to help them resolve the issue. And when the firm...
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
The Kentucky Office of Unemployment Insurance shut down its account operations for four days - starting 12:01 a.m. Friday - while it battles a cyberattack that has forced it to reset more than 300,000 PINs to stop fraudsters from gaining access to accounts and diverting benefit payments.
Visa's Payment Fraud Disruption team reports that cybercriminals are increasingly using web shells to establish command and control over a retailers' servers during payment card skimming attacks.
Digital banking has become the single most effective channel for financial institutions to drive growth, increase revenue and attract new customers. Yet, it also introduces more risk, and cybercriminals are following the money right into the online account opening process.
Today, a staggering 85% of financial...
Account takeover fraud remains an ongoing problem for financial institutions, e-commerce merchants, and virtually any organization that offers products or services that can be monetized. These attacks, helped along by the global pandemic, grew substantially last year as the increased reliance on digital services...
In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
The mobile channel saw great user adoption in 2020 – and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
Recent high-profile security breaches have shown how cyber criminals are actively exploiting expanded network perimeters and weak authentication implementations to drive successful identity phishing attacks across financial services. The New York Department of Financial Services Report on the 2020 Twitter hack...
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
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