Digital transformation and the rapid rise of fintech companies have rapidly changed the behaviour of merchants and consumers alike, resulting in a huge rise in digital payment methods and remote channels. But with greater convenience and speed comes risk. Retail and e-commerce businesses are seeing a rise in fraud,...
Police in Nigeria this week arrested a 37-year-old man who's been charged with masterminding "a criminal syndicate tied to massive business email compromise and phishing campaigns," Interpol says. But with known BEC losses last year exceeding $2.4 billion, will the arrest have a noticeable impact?
A majority of financial institutions have reported a rise in account opening fraud and payment scams, which is expected to continue and cause losses for banks, says Trace Fooshee, strategic adviser at Aite-Novarica Group. He discusses new technologies to put in place to mitigate scam attacks.
The new Expel Quarterly Threat Report provides data on what we’re seeing,
detection opportunities, and resilience recs to help protect your organization.
We’ll dive into the trends in this report, based on incidents the Expel security
operations center (SOC) team identified through investigations into...
Abnormal Security has closed a $210 million funding round on a $4 billion valuation to apply its account takeover prevention technology to areas other than email. The company wants to use its AI to protect accounts across systems and SaaS platforms and in environments such as Workday and Salesforce.
With the rising number of digital identity fraud cases in Asia Pacific, understanding the types of fraud and exploring ways to prevent it while ensuring a smooth and seamless experience plays an important role in your business.
While there’re no foolproof ways in stopping fraud completely, early detection and...
In the today’s digital world, when so much of our lives are online, identity verification and authentication are critical to addressing fraud-related risk management challenges. To prevent fraud and protect your business and your customers, you must be certain the people you are dealing with are who they represent...
In the today’s digital world, when so much of our lives are online, identity verification and authentication are critical to addressing fraud-related risk management challenges. To prevent fraud and protect your business and your customers, you must be certain the people you are dealing with are who they represent...
Even powerful brands are not immune from fake users; in fact, they are often the most prominent targets. In Q4 of 2021 alone, Facebook removed 1.3 billion fake accounts.
Today, most ecosystems are littered with fake accounts set up to steal confidential information, post fake product reviews, spam legitimate...
Today’s sophisticated cyberattacks combine multiple tactics that include social engineering, zero-day malware and 3rd party OAuth app abuse. Threat actors employ tactics across email, cloud and web that target specific people in your organization to breach your environment and access sensitive data. Hybrid work...
In 2021 alone, fraudulent accounts increased by 70% and synthetic identity fraud losses grew to $20B.
From onboarding and answering product questions to providing ongoing support, customers expect and deserve safe and secure communications. Every communication carries the potential for building trust and...
A recent study shows that 85% of customers would avoid using a brand after losing trust. There is also an emotional impact to identify theft. As a security leader, you do not want that pain associated with your brand.
From login to purchase, it’s critical to know who the person is behind the OTP and know if they...
Account takeovers (ATO) and financial fraud demonstrate that losing trust in a brand can come anywhere along the customer journey. A study found that 28% of customers would stop using a site or service if they experienced a
n ATO. Conversely, when consumers trust your brand, they are 7 times more likely more to buy...
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