Meta's popular social media platforms are increasingly being targeted by cybercriminals, and account takeover complaints rose over 1,000% last year. This social threat is spilling over into banks and government agencies, and experts criticize Meta for moving too slowly to address security issues.
ISACA's recently published Privacy in Practice 2023 survey report shares new research related to the privacy workforce, privacy skills, privacy by design and the future of privacy. Expert Safia Kazi shares ways organizations can align privacy goals with business objectives.
With the current economic climate posing unique challenges, it's never been more critical for merchants to optimize payments to reduce costs, increase conversion and boost the bottom line. Yet, given the complexity of the payments ecosystem, coupled with the limited visibility many businesses have over their payment...
RiskRecon recently studied the impact of destructive ransomware incidents and the unique tie between ransomware susceptibility and an organization's cybersecurity posture. Kelly White of RiskRecon discusses the findings and how to use them to help secure the digital supply chain.
Forter bought a bot detection startup founded by a longtime Check Point Software leader to stop malicious actors from purchasing limited-edition items and collectables. The Immue purchase will prevent malicious bots from flooding e-commerce sites with thousands of transaction attempts per second.
Authorized payment scams are growing, and regulators, lawmakers and banks are taking note. As some banks look at ways to reimburse customers for Zelle scams in 2023, experts expect technology vendors to focus on creating new solutions to detect scams and prevent such payments from being made.
Sift has landed top Ping Identity lieutenant Kris Nagel as its new CEO and tasked him with driving more account takeover and bot detection engagements. The San Francisco-based digital trust and safety vendor has directed Nagel to build out more technology partnerships in the fraud community.
In the latest weekly update, ISMG editors discuss how online markets selling illegal substances are moving to Android apps to evade authorities, how check fraud, first-party and AI-related fraud will increase in 2023, and how Chinese state-sponsored actors may benefit from Russia's war in Ukraine.
Check fraud, first-party fraud and AI-related fraud will increase on a massive scale in 2023, thanks in large part to growing insider threats and the global economic slowdown. Frank McKenna, chief fraud strategist at Point Predictive, explains how banks can prepare to tackle these types of scams.
U.S. authorities in New York arrested a 24-year-old French national residing in the United Arab Emirates and charged him with defrauding buyers of Mutant Ape Planet NFTs, a type of digital asset, saying he defrauded investors out of more than $2.9 million.
Organizations today are up against a sophisticated enemy. Today’s threats are led by state actors, highly resourced criminal gangs, and others dedicated to creating successful attacks.
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Expect the recently leaked database containing over 200 million Twitter records to be an ongoing resource for hackers, fraudsters and other criminals operating online, experts warn. Though 98% of the email addresses have appeared in prior breaches, bad actors can merge databases and do more damage.
Authorized payment scams are on the rise, and banking regulators are putting pressure on financial institutions to do more to protect customers. The biggest challenge is that the customers are driving the process, says Bradley Haacke, vice president and financial crimes director at Fifth Third Bank.
The U.S. attorney in New York has established a task force to trace and recover funds missing from FTX and manage probes related to the firm's collapse. The team comprises prosecutors with expertise in securities and commodities fraud, money laundering and asset forfeiture and cybersecurity.
Modern organizations often have complex cloud and on-premise environments often managed with siloed security tools. This situation leads to fragmented visibility, an inability to prioritize risks for remediation and a lack of business-level reporting.
In this webinar, security leaders will learn how cloud security...