Security News
In the case of RainbowMix, the apps pretend to be from popular apps and social media platforms like YouTube and Chrome. White Ops saw this many daily ad impressions consistently, from the RainbowMix app collective.
F5 introduced Shape AI Fraud Engine, a new SaaS solution that eliminates fraudulent online transactions that get past existing fraud tools. SAFE typically identifies twice as much fraud per month when compared to other current fraud tools.
66 percent of consumers surveyed either don't use any type of password manager or aren't sure if they do, despite 52 percent of them having concerns about becoming victims of ATO in the future, and 25 percent reporting that they have already had their accounts hacked at least once before. Additional findings Attacks are fueled by automation: Between Q2 2019 and Q2 2020, ATO attacks happened in discrete waves about a week apart, indicating that fraudsters are turning to bots and automation in order to overwhelm trust & safety teams.
Forter released its Fraud Attack Index, delivering in-depth insight into the impact of COVID-19 on online buyer behavior and ecommerce fraud trends. Omnichannel fraud is growing: Buy Online, Pick-up In Store fraud rose 55% as new customer service options are subjected to significant fraud.
In 2019 alone, ATO attacks cost consumers and e-commerce retailers a whopping $16.9 billion in losses. To be clear, ATO fraud isn't new, it's been a concern for online retailers for a decade.
A convicted fraudster was out on parole when he allegedly conned victims into giving him millions of dollars to place surefire sports bets on their behalf using special software that didn't actually exist. Christopher Hales, 39, of Lehi, Utah, has been charged with wire fraud conspiracy and money laundering conspiracy - and must answer a civil lawsuit from punters who say they were duped into parting with their cash.
ATO is the weapon of choice for fraudsters leading up to the holiday shopping season, new data from Sift shows, and consumers place account security burden on businesses. Account takeover fraud attempts to steal from consumers and e-commerce merchants swelled 282% between Q2 2019 to Q2 2020, new data from digital trust and safety provider Sift finds.
As the economic fallout of the COVID-19 crisis continues to unfold, a research from Next Caller, reveals the pervasive impact that COVID-related fraud has had on Americans, as well as emerging trends that threaten the security of contact centers, as we head towards what may be another wave of call activity. Rising reports of fraud activity signal not only that fraudsters are eager to replicate their initial success, but that some of those early schemes may just be getting started.
The founder and CEO of the Internet security company NS8 has been arrested and "Charged in a Complaint in Manhattan federal court with securities fraud, fraud in the offer and sale of securities, and wire fraud." I admit that I've never even heard of the company before.
The new anti-clone/fake app capability is part of Pradeo Security In-App Protection service and complements shielding capabilities. A fake app is built from scratch and simply includes some part of the code of the app it's pretending to be or mimics its interface.