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.
The latest edition of the ISMG Security Report analyzes the hacking of high-profile Twitter accounts. Also featured: Addressing security when offices reopen; the role of personal protective equipment, or PPE, in money laundering during the pandemic.
From credit cards and deposit accounts to a wide range of lending products, cybercriminals spare no effort to turn a profit by exploiting weaknesses in the digital account opening process.
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Twitter says attackers who hijacked more than 130 high-profile Twitter accounts used social engineering to bypass its defenses, including two-factor authentication on accounts. Experts say companies must have defenses in place against such schemes, which have long been employed by fraudsters.
A group of spoofed cryptocurrency trading apps is targeting devices running macOS to install malware called Gmera, security firm ESET reports. The malware can steal users' data as well as their cryptocurrency wallets.
After a nearly six-month hiatus, the Emotet botnet has sprung back to life with a spam campaign targeting the U.S. and U.K., according to security research reports. Victims are hit with phishing emails that contain either a malicious URL or Word document attachment that downloads malware.
An Iranian-backed hacking group appears to have accidentally left over 40 GB of training videos and other material exposed online, according to researchers at IBM, who found the unprotected server. The material includes videos describing attacks aimed at U.S. Navy and State Department personnel.
Five billion unique user credentials are circulating on darknet forums, with cybercriminals offering to sell access to bank accounts as well as domain administrator access to corporate networks, according to the security firm Digital Shadows.
Voice-controlled assistants can be fooled by replaying a recording of someone's voice. But researchers with Australia's Commonwealth Scientific and Industrial Research Organization and Samsung Research say they've developed a lightweight software tool to detect such attempts, which are difficult to defend against.
The latest edition of the ISMG Security Report discusses global progress on adopting standard digital identifiers. Plus, a former cybercriminal discusses emerging fraud trends, and an update on the evolution of e-signatures.
Fraudsters are using a revamped version of the Alina Trojan to target Windows-based POS devices to steal payment card data, according to Century Link's Black Lotus Labs. The malware operators are using unsecured DNS protocols to exfiltrate the data.