Banks and mobile network operators should collaborate to mitigate the risks of SIM swap fraud, which can lead to account takeovers, says Clare Messenger, global head of fraud protection at the U.K. telecom firm JT Group Ltd.
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Leverage Gartner insights to fortify payment fraud prevention strategies
As businesses transform to meet shifting consumer behavior and emerging fraud patterns in digital channels, it’s never been more important to assess the comprehensive financial impact of fraud solutions.
According to Gartner, “In...
SpyCloud has fresh research into account takeover trends and finds that attacks have recently spiked by 300%. Chip Witt explains the trends behind the stats and offers insight into what enterprises often are overlooking in their ATO prevention strategies.
Brand impersonation – it isn’t just a marketing or reputational issue. It’s an InfoSec problem, says Shashi Prakash, CTO and co-founder of Bolster. He describes the growing problem and why security is best positioned to lead detection and response.
In this interview with Information Security Media Group,...
Websites advertising pirated and cracked software are being used to deliver an updated version of the DanaBot banking Trojan, which can steal individuals' online banking credentials, according to Proofpoint.
Why Start With Identity?
As more government organizations move their citizen services to mobile and cloud-based platforms, ensuring the validity of those benefits claims is more important than ever. Many are adopting an identity centric security model as a framework for prevention of risk and fraud.
Email is still the #1 attack vector the bad guys use. A whopping 91% of cyberattacks start with a phishing email, but email hacking is much more than phishing and launching malware!
Join us as we explore 10 ways hackers use social engineering to trick your users into revealing sensitive data or enabling malicious...
Digital banking has become the single most effective channel for financial institutions to drive growth, increase revenue and attract new customers. Yet, it also introduces more risk, and cybercriminals are following the money right into the online account opening process.
Today, a staggering 85% of financial...
A Florida man has been sentenced to 37 months in prison after pleading guilty to a federal laundering money charge stemming from a $9 million business account takeover scheme, according to the Justice Department.