Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Visa's Payment Fraud Disruption team reports that cybercriminals are increasingly using web shells to establish command and control over a retailers' servers during payment card skimming attacks.
The mobile channel saw great user adoption in 2020 – and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Leverage Gartner insights to fortify payment fraud prevention strategies
As businesses transform to meet shifting consumer behavior and emerging fraud patterns in digital channels, it’s never been more important to assess the comprehensive financial impact of fraud solutions.
According to Gartner, “In...
Malwarebytes researchers have uncovered unusual payment card skimming code designed to harvest data that is already being stolen by other hackers on a website.
Researchers from Trend Micro have found a new infostealer malware strain, written in the AutoHotkey programming language, that is capable of stealing banking credentials from different web browsers.
A cybercriminal gang known as "UltraRank" has launched a new campaign, targeting at least a dozen e-commerce sites to steal payment card data using a JavaScript sniffer, says security firm Group-IB.
IBM Trusteer reports that a hacking group is using mobile emulators to spoof banking customers' mobile devices and steal millions of dollars from banks in the U.S. and Europe.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
Attackers have been actively exploiting a flaw in Rackspace's hosted email service to send phishing emails, bearing legitimate and validated domain names, as part of business email compromise scams, warns IT security testing consultancy 7 Elements. Rackspace tells customers it plans to fix the problem soon.
Fraud in the interactive voice response channel was growing before the pandemic. Since? IVR fraud has become "a fraudsters' playground," says Mark Horne, CMO of Pindrop. He shares a new account-centric defensive solution.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
From Friday through Monday, malicious JavaScript skimming code was injected into nearly 2,000 e-commerce sites that were running an older version of Adobe's Magento software, possibly resulting in the theft of payment card data, according to Sanguine Security.
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