Fraud

Vulnerabilities

Issued by: Help Net Security

COVID-19 online fraud trends: Industries, schemes and targets

The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March…

Vulnerabilities

Issued by: Help Net Security

Online payment fraud attempts see 73% increase

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. In fact, though Windows is the top single operating system for fraudsters, iOS and Android combine to make…

Network Security

Issued by: Help Net Security

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….

Network Security

Issued by: Help Net Security

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…

Malware & Threats

Issued by: Help Net Security

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…

Vulnerabilities

Issued by: Help Net Security

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…

Network Security

Issued by: Help Net Security

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…

Network Security

Issued by: Help Net Security

Thefts from cryptocurrency exchanges continue despite increased security

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…