The average amount stolen in a business email compromise scam increased 48% during the second quarter of 2020, but the number of attacks decreased during that period, the Anti-Phishing Working Group reports.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson of Visa. But the artificial intelligence models used to detect this fraud need to be refined to better mitigate this threat, he says.
Reddit had a very "Make America Great Again" weekend, as more than 70 subreddits were temporarily hijacked and used to post "MAGA" messages in support of U.S. President Donald Trump. Attackers claim they used social engineering and password stuffing to compromise the accounts.
Are you prepared to detect and combat account takeover fraud (ATO) in real time? Adversaries have a variety of weapons at their disposal, which makes effective protection a challenge. To make matters worse, legacy anti-fraud solutions are falling short of accurately evaluating the risk.
With the right...
Chaos ensued when miscreants interrupted a virtual bail hearing on Wednesday for the suspected Twitter hacker, hijacking the feed with screams, chatter and, for a few brief seconds, pornography. The meeting details were public, and the meeting had not been password protected.
Suspects in the epic attack against Twitter were uncovered, in part, by the use of their real photo identification for cryptocurrency accounts they used to broker the sale of stolen usernames. The mistakes proved crucial to their identification, according to court documents.
The latest edition of the ISMG Security Report analyzes the hacking of Dave, a mobile banking app. Plus: Sizing up the impact of GDPR after two years of enforcement and an assessment of IIoT vulnerabilities.
Digital and mobile banking are under attack - and the threats are increasingly faster, more sophisticated, and automated. Fraud managers and analysts face a round-the-clock battle as they try to identify and stop fraud before customers are affected.
To help financial institutions manage the risks without shifting...
Suddenly, onboarding, servicing and securing digital accounts with advanced authentication techniques isn't just a priority for global enterprises; it is the priority. Dean Stevenson of HID Global previews an upcoming virtual roundtable discussion.
Mobile banking startup Dave is just the latest victim of criminal data brokers. Extensive evidence now points to Dave having been hit by a ShinyHunters, which has been tied to the sale of millions of stolen records to fraudsters - either via a phishing attack or hack of a third-party service provider.