Many organizations face an upward battle when detecting and preventing fraud. Consumers continue to rapidly migrate to digital channels and while organizations are also moving towards digitizing products and services to increase profit, it all comes at a price. Where transactions occur, fraudsters follow, seeking out...
Findings from the latest LexisNexis® Risk Solutions Cybercrime Report revealed that between July-December 2021, the mobile share of transactions in the LexisNexis® Digital Identity Network® reached 75% for the first time, as app-based transactions become the predominant means by which consumers transact globally. ...
With the rapidly changing threat landscape, protecting your enterprise from breaches and account takeover fraud has never been a bigger challenge. Fraud teams have the challenges of understanding customer identities and human behaviors regardless of how many devices and accounts they use.
In the latest weekly update, editors at Information Security Media Group discuss important cybersecurity issues, including the White House warning about escalated cyberthreats from Russia, the impact of the Russia-Ukraine war on the healthcare sector and why combating SIM swap fraud remains challenging.
Police in London say they've arrested seven people that the BBC reports are tied to the Lapsus$ hacking group, which has claimed responsibility for data breaches involving Okta, Microsoft, Nvidia, Ubisoft and more. The names of the suspects, who are mostly teenagers, have not been released.
The U.S. Department of Justice has indicted a 23-year-old Russian national for operating a cybercriminal marketplace that sold thousands of stolen login credentials, PII and authentication tools, according to U.S. Attorney Brit Featherston of the Eastern District of Texas.
The FBI's Internet Crime Complaint Center recently came out with a report stating that people have lost millions of dollars to SIM swap fraud. How are banks and telecom industries across the globe coming together to fight the menace? A panel of experts share their views.
The scary fact is that the majority of data breaches are caused by human error. With so many technical controls in place hackers are still getting through to your end users. How are they so easily manipulated into giving the cybercriminals what they want? Well, hackers are crafty. And the best way to beat them is to...
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
Everyone saw the Colonial Pipeline attack in the news media, and ever since ransomware has become a household word. Most people understand that ransomware involves black hats putting code on people’s computers that, once triggered, causes them to lock up, and some people even know that encryption is involved, but...
With uncertainty rampant, 2021 saw a rise in the volume, variety, impact, and sophistication of phishing attacks. As the pandemic rumbled on in the United States and elsewhere, and displaced employees were still trying to get a grip on their new lives, more opportunities arose for phishers to exploit the spaces...
The battle against email-borne cyber threats continues. While vendors are hard at work building sophisticated email security controls intended to stop phishing tactics, attackers continue to prevail, evading even the most advanced analytics. New, innovative email security solutions that directly involve the end-user...
Your secure email gateway (SEG) never stood a chance. Socially-engineered attacks are the largest security threat, and with the rise of modern attacks like supply chain compromise, executive impersonation, and account takeover, it’s become obvious that the SEG no longer works. These traditional solutions simply...
Your secure email gateway (SEG) never stood a chance. Socially-engineered attacks are the largest security threat, and with the rise of modern attacks like supply chain compromise, executive impersonation, and account takeover, it’s become obvious that the SEG no longer works. These traditional solutions simply...
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