Security News

Have you ever heard of browser fingerprinting? You should! It's an online user identification technique that collects information about a visitor's web browser and its configuration preferences to associate individual browsing sessions with a single website visitor. Browser fingerprinting identifies every user's unique visitor ID associated with their sessions, even if they're days or weeks apart.

Capita, which is still dealing with a digital break-in that exposed customers' data to criminals, has scored a £50 million contract with the City of London police to run contact and engagement services for the force's fraud reporting service. The work will see Capita provide an "End-to-end customer management process" to potential victims of fraud when they contract the service.

In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year 2022 to 5% of all fraud in Q1 2023. In Great Britain and Europe, as well as in North America, the proportion of deepfakes among all fraud cases grew considerably from 2022 to Q1 2023.

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Apple has announced that it prevented over $2 billion in potentially fraudulent transactions and rejected roughly 1.7 million app submissions for privacy and security violations in 2022. A total of 6.1 million app submissions were reviewed.

Digital fraud has significant financial and psychological repercussions on victims, according to Telesign. Businesses may find a new reason to fear digital fraud as the negative impacts of digital fraud on companies' brand perception and the bottom line.

The rise of AI-generated identity fraud like deepfakes is alarming, with 37% of organizations experiencing voice fraud and 29% falling victim to deepfake videos, according to a survey by Regula. In this Help Net Security video, Henry Patishman, Executive VP of Identity Verification Solutions at Regula, illustrates how increasing accessibility of AI technology for creating deepfakes makes the risks mount, posing a significant challenge for businesses and individuals alike.

Google says it banned 173,000 developer accounts in 2022 to block malware operations and fraud rings from infecting Android users' devices with malicious apps. "In 2022, we prevented 1.43 million policy-violating apps from being published on Google Play in part due to new and improved security features and policy enhancements - in combination with our continuous investments in machine learning systems and app review processes," the Google Security team said.

"AI-generated fake identities can be difficult for humans to detect, unless they are specially trained to do so. While neural networks may be useful in detecting deepfakes, they should be used in conjunction with other antifraud measures that focus on physical and dynamic parameters, such as face liveness checks, document liveness checks via optically variable security elements, etc.," says Ihar Kliashchou, CTO at Regula. At the same time, advanced identity fraud is not only about AI-generated fakes.

Within the largest financial institutions, insurers, and retailers, the rise and adoption of AI, an impending recession, and the return of pre-pandemic fraud techniques are driving record rates of fraud attacks for consumers and enterprises alike, according to Pindrop. "In addition to new technologies, fraudsters are reverting to pre-pandemic social engineering tricks, causing retailers and financial institutions billions in losses. While this report highlights the dangers of today's fraud landscape, we are proud to partner with several of the largest financial institutions globally in order to safeguard their assets and protect them from fraud," Balasubramanian continued.