Security News
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.
TransUnion's latest analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters are increasing their rate of digital schemes against businesses. A recent study found that more than one in three global consumers have recently been targeted by digital fraud related to COVID-19.
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 billion, Javelin Strategy & Research reveals.
The United States sentenced a Russian and a North Macedonian on Friday to prison for their roles in a vast cyber crime operation. Sergey Medvedev, 33, of Russia and Marko Leopard, 31, of North Macedonia, were sentenced to ten and five years respectively, according to a Justice Department statement.
The U.S. Department of Justice yesterday announced updates on two separate cases involving cyberattacks-a Swiss hacktivist and a Russian hacker who planned to plant malware in the Tesla company. A Swiss hacker who was involved in the intrusion of cloud-based surveillance firm Verkada and exposed camera footage from its customers was charged by the U.S. Department of Justice on Thursday with conspiracy, wire fraud, and identity theft.