With the rapidly changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge. Fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices and accounts they use.
In the latest weekly update, editors at Information Security Media Group discuss important cybersecurity issues, including the White House warning about escalated cyberthreats from Russia, the impact of the Russia-Ukraine war on the healthcare sector and why combating SIM swap fraud remains challenging.
Police in London say they've arrested seven people that the BBC reports are tied to the Lapsus$ hacking group, which has claimed responsibility for data breaches involving Okta, Microsoft, Nvidia, Ubisoft and more. The names of the suspects, who are mostly teenagers, have not been released.
The U.S. Department of Justice has indicted a 23-year-old Russian national for operating a cybercriminal marketplace that sold thousands of stolen login credentials, PII and authentication tools, according to U.S. Attorney Brit Featherston of the Eastern District of Texas.
The FBI's Internet Crime Complaint Center recently came out with a report stating that people have lost millions of dollars to SIM swap fraud. How are banks and telecom industries across the globe coming together to fight the menace? A panel of experts share their views.
With account opening becoming a business for fraudsters, financial institutions need to find ways to better leverage device authentication, says Charanjeet Singh Bhatia, senior vice president and head of fraud risk and investigation at First Abudhabi Bank. He discusses new authentication tools.
The scary fact is that the majority of data breaches are caused by human error. With so many technical controls in place hackers are still getting through to your end users. How are they so easily manipulated into giving the cybercriminals what they want? Well, hackers are crafty. And the best way to beat them is to...
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
Your secure email gateway (SEG) never stood a chance. Socially-engineered attacks are the largest security threat, and with the rise of modern attacks like supply chain compromise, executive impersonation, and account takeover, it’s become obvious that the SEG no longer works. These traditional solutions simply...
Your secure email gateway (SEG) never stood a chance. Socially-engineered attacks are the largest security threat, and with the rise of modern attacks like supply chain compromise, executive impersonation, and account takeover, it’s become obvious that the SEG no longer works. These traditional solutions simply...
Russian authorities have continued to arrest alleged administrators of multiple Russian-language cybercrime markets and communities, including Ferum Shop, Sky-Fraud and Trump's Dumps. It follows last month's arrest of suspected REvil/Sodinokibi ransomware affiliates based in the country.
Business email compromise (BEC), also known as email fraud, is one of cybersecurity’s costliest and least understood threats. As BEC schemes have evolved, industry nomenclature has outlived its usefulness. Without a framework to describe and break down BEC attacks—let alone conceptualize them—researching and...
The U.S. Internal Revenue Service says it will pull back plans to use facial recognition for authentication of new users of its online accounts. The move comes amid concerns from Congress members and privacy advocates about cybersecurity, software bias and third-party transparency issues around the IRS' proposal to...
With the rapid changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge.
Retail and merchant fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices, accounts, profiles, and...
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