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...
Jamil Farshchi has been there. As CISO of Equifax, he knows what it’s like to be a victim of a high-profile cyberattack. And he knows breached companies have a choice: "Are they going to be a force for good by helping the rest of the industry learn from their experience?"
Prolific Ryuk ransomware has a new trick up its sleeve. "A Ryuk sample with worm-like capabilities - allowing it to spread automatically within networks it infects" was recently discovered during an incident response effort, warns CERT-FR, the French government's computer emergency response team.
Ransomware continues to sting numerous organizations, and the problem only seems to be getting worse. More than ever, the onus is on potential victims to ensure they have essential defenses in place - and if possible, to proactively hunt for attackers who may already be inside their network.
Microsoft is making available the CodeQL queries it used to detect malicious implants in the massive supply chain attack that affected SolarWinds, tech firms and government agencies.
The U.S. Department of Homeland Security will provide an additional $25 million in grants to state and local cybersecurity preparedness programs with a particular focus on combatting ransomware, Secretary Alejandro Mayorkas announced Thursday.
The combination of governmental financial support driven by “high unemployment, business insolvency, and disruptions in global
trade patterns” + increased online and remote banking has led to a spike in
financial fraud.
Heightened risks made it harder to comply with requirements to combat financing terrorism...
The Senate Intelligence Committee's hearing about the supply chain attack that affected SolarWinds and dozens of other companies and federal agencies answered some questions about what went wrong but also raised four key issues.
The cybersecurity agencies of five countries have issued a joint advisory warning that hackers are exploiting vulnerabilities in the Accellion File Transfer Appliance to steal data and execute ransomware. Australia's Transport for New South Wales and Canada's Bombardier are the latest victims to be revealed.
High-speed identity screening can play a critical role in cracking down on fraud tied to COVID-19 economic relief efforts without impeding legitimate access to funds, says Dr. Gary Shiffman, CEO of Giant Oak, which offers artificial intelligence technology.
As tax season begins, the Internal Revenue Service is warning that it's seeing signs of fraudsters spoofing the agency's domains and incorporating its logos and language into phishing campaigns.
The "Cuba" ransomware gang has hit Seattle-based Automatic Funds Transfer Services, which processes data from California's Department of Motor Vehicles as well as many cities in Washington. Victim organizations say AFTS is investigating the incident and that an unknown amount of individuals' data was exposed.
A California-based eye care provider – which also handles billing and other administrative services for a separate local surgery practice – says its online storage vendor was recently hit by hackers and paid a ransom for the return of patient data stolen from both entities.
In an update on the investigation into the SolarWinds supply chain attack, Deputy National Security Adviser Anne Neuberger said the Biden administration is preparing "executive action" to address security shortcomings that have come to light.
A Nigerian national has been sentenced to 10 years in prison after pleading guilty to taking part in a business email compromise operation that extorted $11 million from its victims, according to the U.S. Department of Justice.
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