We live in a surveillance society, but even though citizens are concerned about the lack of privacy, they don't know what to do about it, said David Sinclair, founder of 4Freedom Mobile, a mobile service provider that helps subscribers secure their phones and stop tracking, hacking and data theft.
Threat actors are using dedicated mobile Android OS device spoofing tools to defraud customers of online banking, payment systems, advertising networks and online marketplaces globally. Resecurity observed cybercriminals using spoofing tools to exploit stolen cookies and access victims' systems.
A hacker suspected to be based in Mexico is targeting financial institutions using "relatively unsophisticated" tools but is achieving a high degree of success among banking customers, SentinelOne said. The threat actor also offers smishing as a service.
Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Weldon Dodd of Kandji discusses the evolution of Apple's security and privacy practices and how mobile device management can help achieve a balance between user privacy and corporate control.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
Join Roger Grimes, KnowBe4’s...
Apple has fixed multiple zero-days that were actively being exploited since 2019 and infect several iOS devices with a spyware implant dubbed TriangleDB via zero-click iMessage exploits. The tech giant said the vulnerabilities actively exploited iOS versions released before iOS 15.7.
As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.
U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.
The U.K. government earlier this month introduced a strategy to reduce fraud and scams called Fraud Strategy: Stopping Scams and Protecting the Public. Ken Palla, retired director of MUFG Bank, said this as an important step to combat authorized scams, which have now eclipsed unauthorized fraud.
The expanding RTP landscape represents a definitive transformation in how consumers and organizations interact.
Constantly evolving payments demand agile tools, practices, and processes that enable greater defense against continually manifesting scams and fraud. The FedNow Service launch is right around the...
Researchers found Android malware masquerading as a legitimate application available and downloaded over 620,000 times from the Google Play store. The apps have been active since 2022, posing as legitimate photo-editing apps, camera editors and smartphone wallpaper packs.
In the latest weekly update, finance security expert Ari Redbord joins ISMG editors to discuss takeaways from the U.S. Treasury's 2023 DeFi Illicit Finance Risk Assessment, the state of blockchain analytics and where it is headed, and traction for FinCEN's Financial Action Task Force Travel Rule.
The Federal Reserve's FedNow Service will launch in July this year. Many banks, including community banks, will be able to leverage FedNow as an instant payment platform. How can these banks prepare for faster payments, and what security controls should they consider adding?
In this 14th edition, M-Trends provides an inside look at the evolving cyber threat landscape drawn from Mandiant incident response investigations and threat intelligence analysis of high-impact attacks and remediations around the globe across the last year.
This report also includes:
Latest Incident Response...
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