Security News
More than 50 Android apps on the Google Play Store-most of which were designed for kids and had racked up almost 1 million downloads between them-have been caught using a new trick to secretly click on ads without the knowledge of smartphone users. While the offending apps have been removed from Google Play, the find by Check Point Research is the latest in an avalanche of ad fraud schemes that have plagued the app storefront in recent years, with malware posing as optimizer and utility apps to perform phony clicks on ads.
Social distancing has affected consumer shopping patterns, and a TransUnion survey found that 22% of Americans said they've been targeted by digital fraud related to COVID-19. Consumers are greatly reliant on online retailers during the coronavirus pandemic, and businesses must be armed to combat fraud, while making sure the company's web and mobile platforms are bug-free.
San Francisco, Calif-based Arkose Labs has raised $22 million in a Series B funding round led by the Microsoft venture fund, M12. Existing investors PayPal and USVP participated, bringing the total raised so far to $36.5 million. Arkose Labs provides a fraud detection and prevention platform.
The situation is more complex than simply devoting a larger share of the budget and focus to fraud prevention and security: as companies find new ways to engage with their customers through new features and touchpoints, criminals find new vulnerabilities to exploit. Research and experience have showed that fraud mitigation and cutting-edge security strategies can go hand-in-hand with - and even drive - innovation, customer engagement and a great user experience.
Online payment fraud attempts increased by 73 percent in 2019, according to a report from Sift. Additional findings in the report reveal that cybercriminals are using mobile devices more than desktops or laptops to commit payment fraud.
Mobile payment fraud is growing, and is growing faster in the mobile ecosystem than anywhere else. Just as the targets have evolved with the emergence of mobile as the fraud platform of choice, so too have the payment types evolved.
What can you learn from analyzing more than 2 billion phone calls per year? Everything you need to measure to detect fraud and authenticate genuine users. Preventing call center fraud is the most common use case for the platform, but Balasubramaniyan also sees a growing need for voice authentication, spanning everything from home automation systems to corporate fraud.
A former Microsoft software engineer was convicted this week on 18 federal criminal charges tied to stealing more than $10 million through the company's online retail platform, according to the U.S. Department of Justice. Voldymyr Kvashuk, a Ukrainian resident who first worked as a contractor and then as a full-time engineer at Microsoft from 2016 to 2018, was found guilty on five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns, and one count each of mail fraud, access device fraud and access to a protected computer in furtherance of fraud, according to the U.S. Attorney's Office for the Western District of Washington, which oversaw the case.
In today's digital world, fighting fraud requires a dynamic approach that connects multiple layers of security and leverages a coordinated set of AI-based solutions to continuously stay on top of the newest fraud schemes while preserving a seamless consumer experience. How a Connected Intelligence approach to security can link different points of consumer interaction - from login to checkout and beyond;.
Account Takeover is one of the biggest threats that banks are facing today. To make matters worse, legacy anti-fraud solutions are falling short of accurately evaluating the risk.