Financial institutions can leverage network link analysis and dynamic segmentation to help in the fight against money laundering, says Colin Whitmore, senior analyst at Aite Group.
Security researchers at Armorblox uncovered an unusual invoice-themed phishing campaign designed to extract victims' Microsoft Office 365 login credentials, alternate email addresses and phone numbers.
A previously undocumented malware variant called "Hildegard" is targeting Kubernetes clusters, according to Palo Alto Networks' Unit 42. The malicious code is likely the work of the TeamTNT hacking group, which mines for monero cryptocurrency.
Whatever happens in 2021 from an economic, health and business perspective, managing risk in the supply chain is going to be a
top priority. Where organizations have large supplier ecosystems the potential for cyber-attacks and data breach risks increases.
To combat this, organizations must gain visibility and...
Malwarebytes researchers have uncovered unusual payment card skimming code designed to harvest data that is already being stolen by other hackers on a website.
Small businesses have been disproportionately affected by hackers in recent months. To aid in countering the threat, Mastercard has launched a cybersecurity education effort targeting this market segment. Paul Trueman, a senior vice president Mastercard, explains the “Trust Center” initiative.
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.
Ransomware operations continue to come and go. The notorious Maze ransomware gang retired last year, apparently replaced by Egregor, while new operators, such as Pay2Key, RansomEXX and Everest, have emerged. But in recent months, experts say, just six operations have accounted for 84% of attacks.
A data breach of a Washington state auditor's system exposed 1.4 million unemployment claimants’ records. The breach stemmed from an exploit of an unpatched system from Accellion, and the state says it was never notified of the flaw. But Accellion says it notified customers and offered a patch in December.
Biometrics, device-based risk scoring solutions and geo location can be helpful tools for tackling ID fraud, says Trace Fooshee, senior analyst at Aite Group, who calls for a layered approach.
Contact centers in the US alone spent
over $10.2B1 on caller authentication while
suffering through $14B1 worth of fraud
attempts.
Analysts predict that digital businesses providing great
customer experience during identity corroboration will
earn 20% more revenue than comparable businesses with
poor...
Up to 30% of the organizations hit as part of the cyberespionage campaign waged by the hackers responsible for the SolarWinds supply chain attack did not use the company’s compromised software, says Brandon Wales, acting director of CISA. These victims were targeted in a variety of other ways, he says.
Other darknet marketplaces apparently are preparing to fill the underground economy's need for a steady stream of stolen payment card data if the Joker's Stash site closes Feb. 15 as its administrator has announced. Some researchers believe the administrator may even launch a new marketplace.
More fraudsters are using artificial intelligence to generate “Frankenstein faces” for use in synthetic identity fraud. Kathleen Peters of Experian outlines this disturbing development in fraudster behavior, as outlined in a new report.
A recently updated cryptojacking malware variant called Pro-Ocean, which is associated with hacking group called Rocke, is targeting vulnerable Apache and Oracle WebLogic servers, according to Palo Alto Networks. It now includes rootkit and worming capabilities.
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