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 reports. 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.
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.
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...
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...
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...
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...
Insights to help you quantify security risk.
The Cost of a Data Breach Report offers insights that help you understand risk in a changing world. Understand broad trends, and dive deeper into factors that can amplify costs or help mitigate financial losses. Register for the report to discover:
Cost mitigation...
From the billions pumped into unemployment and other economic relief programs during the pandemic to competitive marketing campaigns designed to increase customer acquisition, fraudsters have never had a better incentive to commit new account fraud. This session will highlight the problems financial institutions are...
You can’t secure what you can’t see. As the perimeter continues to morph with an increasingly distributed workforce, hybrid workplace, and rapid multi-cloud adoption, security and compliance exposures are intensifying. Unified and actionable visibility across all technologies including endpoints, software, cloud...
Nearly 20,000 attacks. An average loss of $120,000 per attack. Billions of dollars sent to cybercriminals each year. Business email compromise is no joke, and it’s continuing to increase—despite increased awareness of the issue.
Why? Because the people behind these scams know how to trick humans, relying on...
Skyrocketing attack rates, double and triple extortion, increasing ransom demands… cybercriminals are inflicting pain in every way imaginable when it comes to today’s ransomware attacks. And you need to be prepared to protect your network, NOW.
Find out the steps you need to take to minimize damage to your...
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