Security News
RSA announced Armen Najarian, Leah Evanski, and Dan Welch as three new additions to the Fraud & Risk Intelligence executive team. All three now report directly to Reed Taussig, Chief Executive Officer of the RSA Fraud & Risk Intelligence business.
Researchers have uncovered a new set of fraudulent Android apps in the Google Play store that were found to hijack SMS message notifications for carrying out billing fraud. The apps in question primarily targeted users in Southwest Asia and the Arabian Peninsula, attracting a total of 700,000 downloads before they were discovered and removed from the platform.
F5 announced enhancements to its application security portfolio. "To help today's customers succeed, security must be native to applications and APIs, continuous, applied in real time, and powered by data and AI.".
New research from FICO highlights the key challenges North American fraud and financial crime teams faced amidst the COVID-19 pandemic. 68 percent of senior executives said that remote working had a major impact on maintaining effective fraud and financial crime prevention functions within their organizations, during the past 12 months.
Flashpoint announced two new product offerings in the past two weeks: Flashpoint Brand Protection and Flashpoint Card Fraud Mitigation. These two new products from Flashpoint further extend the capabilities that enterprises and government agencies have at their disposal to mitigate fraud and protect against physical and cyber threats anywhere online.
Retailers around the world are increasing their fraud teams and budgets because of a significant rise in all types of online fraud during the pandemic, a research by Ravelin finds. 72% of retail brands around the world expect to grow fraud teams in the next year, while 76% predict their budget to tackle fraud will increase in the next 12 months - with 20% expecting a "Significant" increase.
A money-laundering fraud ring is targeting donation sites, taking advantage of the outpouring of charity sparked by the global pandemic. Dubbed Cart Crasher by the Sift security firm, the fraud ring leverages guest checkout options on donation sites to steal money and launder stolen payment cards.
New York's Department of Financial Services warns of an ongoing series of attacks resulting in the theft of personal information belonging to hundreds of thousands of New Yorkers. Tactics used to steal New Yorkers' private info.
Autohost launched the Autohost Threat Intelligence platform to help hotels and short-term rental property managers and operators guard against a growing number of risks, including deceptive bookings, identity theft and credit card fraud. The Autohost Threat Intelligence platform is open source, cloud-based and able to integrate with property management systems, and other platforms that operators leverage, to provide additional security context for guest vetting.
These proven solutions will enable European enterprises to defend against telephony and cross channel fraud attacks to reduce fraud loss and deliver user authentication to streamline the customer experience and reduce operational costs. Pindrop Protect is a real-time fraud protection solution that analyses calls coming into call centres to detect for indicators of attempted fraud via anomalous voice, device, and behaviour characteristics.