Synthetic ID fraud has grown in popularity, with U.S. companies reporting losses of $20 billion in 2021 compared to $6 billion in 2016. Cybersecurity experts discuss with ISMG why this type of fraud has gained traction, how fraudsters use it, mitigation steps, and what we can expect in 2022.
Advanced voice impersonation and deepfake technologies are giving rise to cybercrime groups that offer Vishing-as-a-Service, security researchers say. Vishing is proving to be successful in tricking victims and bypassing voice authorization mechanisms.
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Ransomware attacks have been a reality for organizations of all sizes for quite
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On one hand, 60% of survey respondents rate their institutions as "above average" or "superior" when it comes to mitigating fraud. Yet, 55% say their customers and partners lack sufficient awareness to protect themselves from fraud. Appgate's Bryan Jardine analyzes the Faces of Fraud survey results.
The number of breach reports filed by U.S. organizations looks set to break records, as breaches tied to phishing, ransomware and supply chain attacks keep surging, the Identity Theft Resource Center warns. It says that there's also been a rise in tardy breach notifications containing little detail.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including why enterprises need a multilayered approach to securing identity, how fraud will evolve in 2022 and the need to secure backdoors to prevent ransomware attacks.
Microsoft has officially gone fully passwordless, allowing Windows users to replace their alphanumeric passwords with one of several substitute sign-in technologies to gain entry into a Microsoft product - a move received positively by industry insiders.
Massachusetts Attorney General Maura Healey says her office is probing the data breach at T-Mobile that exposed the personal information of 54 million people, including current, former and prospective customers of the carrier. The Federal Communications Commission is also investigating the incident.
The White House is preparing executive branch agencies to adopt "zero trust" network architectures by 2024, with CISA and the OMB overseeing the creation of technology road maps that departments must follow. This is a major component of President Biden's cybersecurity executive order.
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Investment banking giant Morgan Stanley is the latest company to report a data breach tied to zero-day attacks on Accellion's legacy File Transfer Appliance - yet another indicator of the sustained impact of supply chain attacks.
Mercedes-Benz USA says one of its vendors exposed 1.6 million records that pertained to its customers and interested buyers. The incident, which involved an unnamed vendor and a cloud storage platform, is similar to one recently disclosed by Volkswagen.
Cryptojacking group TeamTNT is leveraging compromised Amazon Web Services credentials to attack its cloud environments through the platform’s API, according to researchers from Unit 42 at Palo Alto Networks.
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