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.
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.
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.
Expel has released its latest quarterly threat report, which looks at continued identity-based attacks and the impact of MFA fatigue. Jon Hencinski shares insights on attack trends, gaps in compensating controls and what to look for in pre-ransomware activity.
Cloud email security: It involves new strategies and tools to defend against a new wave of attacks. Arun Singh of Abnormal Security discusses the latest flavor of email attacks and the new Knowledge Bases created to help enterprises increase their education and defensive capabilities.
The losses from phishing and other forms of sophisticated email fraud in 2021 alone totaled over $44 million, and the volume of phishing and email spoofing attacks doubled in 2021. Many malicious data breaches are caused by stolen credentials rather than the installation of malware. In fact, IBM found that in 2021,...
For many brands, especially large enterprises with a substantial online presence, it is important to be able to have eyes all over the internet in order to properly mitigate the effects of external elements on their brand’s reputation.
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