Security News
Phones, of course, can be made inaccessible with the use of passwords and face or fingerprint unlocking. Once they have the phone and the card, they register the card on the relevant bank's app on their own phone or computer.
Microsoft said it's tracking an ongoing large-scale click fraud campaign targeting gamers by means of stealthily deployed browser extensions on compromised systems. "[The] attackers monetize clicks generated by a browser node-webkit or malicious browser extension secretly installed on devices," Microsoft Security Intelligence said in a sequence of tweets over the weekend.
In this Help Net Security video, André Ferraz, CEO at Incognia, talks about the impact of location-based fraud, which is more prevalent than one would imagine, and it impacts different industries in many different ways. Fraudsters simply don't want to reveal their physical location since this would make them susceptible to identification, therefore they spoof location signals.
The owner of a fraudulent tax preparation business, Ariel Jimenez, was sentenced to 12 years in prison for selling the stolen identities of thousands of children on welfare and helping "Customers" to falsely claim tax credits, causing tens of millions of dollars in tax loss. His "Customers" used the stolen identity info to add the children fraudulently as dependents on their tax returns so they would get a refund when they filed their taxes.
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to ac research released by Paysafe. Consumers across North America, Latin America and Europe are prioritising security over convenience when making online purchases, as the impact of rising inflation and energy prices continues to fuel financial worries.
The National Police of Ukraine took down a network of call centers used by a cybercrime group focused on financial scams and targeting victims of cryptocurrency scams under the guise of helping them recover their stolen funds. The fraudsters behind these illegal call centers were also allegedly involved in scamming citizens of Ukraine and European Union countries interested in cryptocurrency, securities, gold, and oil investments.
A consumer's online account where they login and input their passwords is a very lucrative target for cybercriminals. In this Help Net Security video, David Senecal, VP of Architecture and Research at Arkose Labs, talks about the economics involved in online fraud attacks, and illustrates what type of fraud enables attackers to make a living.
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research. As a comparison, this equates to over 350% of Apple's reported net income in the 2021 fiscal year, showing the massive extent of these losses.
Dark Web credit card fraud less pervasive but still an ongoing problem. Stolen credit card data is always a hot item for sale on the Dark Web, particularly if the package includes not just the card number but the expiration date and CVV code.
Traditional identity fraud losses, caused by criminals illegally using victims' information to steal money, exploded in 2021 to $24 billion - an alarming 79% increase over 2020, according to Javelin Strategy & Research. The number of adults in the United States impacted by traditional identity fraud grew more than 50%, reaching more than 15 million victims, a Javelin identity fraud study reveals.