Security News
Trend Micro announced the results of research featuring a honeypot imitating an industrial factory. The highly sophisticated Operational Technology honeypot attracted fraud and financially motivated exploits.
Mobile carriers have left the door wide open to SIM-swap attacks, particularly when it comes to prepaid accounts, researchers have found. According to PhishLabs, a typical attack would start with an attacker phishing personal and banking information - often via SMS phishing, which has the added benefit of confirming that a victim's cell phone number is an active line.
Faster payments are the new reality in more than 40 countries, and this innovation is benefiting consumers and businesses alike. Criminals are also enjoying the speed and non-refutable nature of these transfers, and in many deployments faster payments quickly translates to faster fraud.
Kount released a new research report on digital innovation and emerging fraud, which found that the most innovative businesses are also the ones facing the greatest fraud threats. The report, conducted by Javelin Research, surveyed hundreds of respondents across the retail, restaurant, insurance, and financial industries and revealed more than 40% of businesses say fraud impedes their expansion into new digital channels and services.
This week we discuss the IT exec who scammed his employer out of $6m with fake invoices and the death of Python. Peter also shares two of his latest investigations from the ransomware swamp.
Anthony Cardoza of XTN Cognitive Security on Defensive MeasuresFraud prevention is a perpetual cat-and-mouse game as fraudsters develop new tools and uncover new ways to monetize their activities,...
Fraudulent account creation typically skyrockets during the holiday shopping season, but it's down this year. What's changing?
New account fraud increased 27.8% worldwide YTD in 2019, compared to full-year 2018 results, and more than 100% compared to 2014 levels, Jumio reveals. Surprisingly, attempted new account fraud...
Feds get extradition for 64 year-old fraud suspect who allegedly netted hundreds of thousands of dollars A 64 year-old man from Nigeria is set to be tried in the US on charges he was the brains...
As Internet Crime Grows, Victims Have Few OptionsInternet crime has grown so rapidly that law enforcement is outpaced. Here's the story of how a Manhattan doctor lost $200,000 in an internet scam,...