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.
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...
Pre-pandemic, escalating mobile banking adoption rate was primarily fueled by smartphone penetration, with over 4 billion people using smartphones. However, the disruption emerging from the onset of COVID-19 has been a major driver of mobile banking, fast-tracking the trend of mobile-first banking among younger...
The Financial Services industry have seen a 1000%+ increase in the amount of ransomware attacks hitting their organizations. It is also one of the most targeted verticals out there. We know why this is a favored target; because that’s where the money is. The question to be answered is identifying the attack vector...
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...
Sercan Oyuntur, a 40-year-old California resident, has been found guilty of stealing payments of over $23 million from the U.S. Department of Defense, according to the U.S. Department of Justice. The stolen payment was meant for DOD's jet fuel suppliers.
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...
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...
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...
The phishing threat landscape was impacted by several factors in Q1 of 2022, such as Emotet volume reaching new highs since the return, and scam-based threats arising from the conflict between Russia and Ukraine.
The Q1 2022 Phishing Intelligence Trends Review provides in-depth details on the key phishing...
The impact of the COVID-19 pandemic made it clear that organizations were unprepared for a worldwide data security crisis. Many companies that were unable to adapt and defend against the quickly evolving attack vectors and tactics learned the hard way that basic security defenses were inadequate.
In the spring...
There’s no question 2021 was the year of vulnerabilities that drained already exhausted security operations teams. From pandemic fatigue to the exploitation of critical business services like Microsoft O365 by crafty threat actors, organizations of all sizes faced increased susceptibility to phishing attacks putting...
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