The 2019 seizure by U.S. law enforcement of online criminal marketplace xDedic is paying dividends for lawyers unrolling prosecutions of accused fraudsters who allegedly obtained compromised credentials from the site. The FBI and IRS estimate that xDedic facilitated more than $68 million in fraud.
Cyberattacks have become so common and so costly that it may feel like the criminals behind them will never be caught. But in recent months, we’ve seen a significant uptick in the number of arrests made—with higher penalties than ever before.
Brian Krebs has reported on some of these arrests over the past few...
Application fraud has spiked - particularly bogus new accounts - and organizations are scrambling to improve fraud detection mechanisms without negatively affecting the legitimate customer's experience. Robin Love of Early Warning shares insights on how to better predict new account risk.
Synthetic identity fraud is the fastest-growing financial crime in the country. By combining real and fabricated personal information, a synthetic identity is specifically designed to look and act like a valid identity - until it doesn’t, leaving financial losses and criminal activity in its wake.
The Abnormal Security team just launched a new threat intel site named Abnormal Intelligence. Crane Hassold shares resources available, including an attack library, semi-annual threat intel reports, a glossary and exclusive insights from the Abnormal team.
In this ebook with Information Security Media Group,...
In the latest weekly update, ISMG editors discuss the implications of the former Uber CSO's guilty verdict for the rest of the industry, the growing problem of keyless car theft, and the latest progress toward a passwordless future revealed at the annual FIDO Alliance conference.
Organizations can improve security with modern authentication protocols, but the big message to the marketplace is that FIDO Passkeys give customers more convenience and deliver a consistent user experience, according to panelists on the final day of FIDO Alliance's Authenticate 2022 Conference.
Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
Multifactor authentication needs to move away from one-time passwords sent via text message and embrace modern standards that prevent man-in-the-middle attacks. Plus, excessive identity challenges online lead to 20% of e-commerce transactions being abandoned, say experts at Authenticate 2022.
Since credential leaks are so common in cybersecurity incidents and breaches, how is it even possible to protect identities? Corey Nachreiner of WatchGuard Technologies shares strategies for how enterprises can upgrade their approach to identity security.
Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.
Millions are spent on security operations centers — in tools, processes, and people — yet we still have million-dollar problems.
It’s not from a lack of passion or effort from security analysts and responders in the SOC; it’s often due to an efficacy gap and a lack of adversary alignment. The leading...
Passwords are supported everywhere. But, says Andrew Shikiar, executive director of the FIDO Alliance, "they have been proven time and time again to simply be unfit for today's networked economy." In this episode of "Cybersecurity Unplugged," Shikiar discusses how to move beyond passwords.
In PWC’s 25th Annual Global CEO Survey, respondents listed cyber risks as their top threat to growth.
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How to understand what is and isn't covered within a cybersecurity policy;
The techniques you need to have in place to help meet cyber insurance requirements....