Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering growth of Ponzi schemes, exit scams, and misappropriation of funds crimes, the value of which rose 533 percent year over year….

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…

For any business, privacy and security are a constant concern. The variety and velocity of attacks seeking to infiltrate corporate systems and steal vital business and customer information seem never-ending. Given the very public repercussions of certain types of breaches, it can be easy for executives and IT professionals to focus attention on only the…

Fears of data loss, identity theft and fraud are leaving American consumers on edge this holiday season, and they’re prepared to hold their financial institution responsible for the damages. This is according to a new study released by Terbium Labs, which found that 68 percent of shoppers would hold their bank at least partly responsible…

4iQ recently completed research focusing on Americans’ attitudes about cybersecurity breaches and the efforts that organizations make to mitigate breaches’ effects on identity theft. Where’s the data? The findings indicate that a large proportion of Americans (44%) believe their personally identifiable information (PII) has been stolen as a result of a data breach. A strong…

Although exchanges, wallets and other cryptocurrency custody services are strengthening their defenses, attackers continue to innovate and outpace even the current state of the cybersecurity art, according to CipherTrace. Even Binance, the world’s number-one cryptocurrency exchange, lost tens of millions of crypto assets to a cyberattack perpetrated by sophisticated hackers using a lethal cocktail of…

eCommerce credit card fraud is nearly an inevitability

Riskified surveyed 5,000 US-based consumers aged 18 and older about their online shopping behaviors, experience with and prevalence of credit card fraud, repeat shopping likelihood and customer satisfaction to develop a full picture of how consumers react to a number of common shopping experiences. The results are worrisome for both consumers and merchants, as roughly…

Retail Security Hygiene: The Case for Seasonal Checkups

The winter holidays offer big potential for retailers, with some companies earning around 30 percent of their annual revenue during the season, according to the National Retail Federation. Big sales numbers, however, also drive increased risks of fraud and theft, and businesses are now spending on extra security measures to keep physical stores safe. But…