Fraud

Malware & Threats

Issued by: Help Net Security

How cybercriminals abuse the travel and hospitality industry

The travel and hospitality industry suffers billions of losses each year due to fraud. “With the right combination of other underground services (compromised accounts, credit cards, etc.) it is possible to cover almost every aspect of the holidays, including food and restaurants, shopping, entertainment, guided tours and more – way beyond flights and hotels,” Vladimir…

Malware & Threats

Issued by: Kaspersky Blog

Predictions for 2018: Cyberthreats in the financial sector

Kaspersky Lab always keeps a very close eye on the changing cyberthreat landscape. Knowledge of past and present makes the future more predictable and allows us to make annual forecasts for various verticals. Today we want to talk about the financial sector. Businesses and individuals alike make use of financial services. And wherever there’s money,…

Network Security

Issued by: Help Net Security

The untapped potential of machine learning for detecting fraud

E-commerce fraud protection company Signifyd has recently signed up behavioral analytics expert Long-Ji Lin to fill the position of Chief Scientist. “For advertisers, Lin perfected his model’s ability to predict which users would take each desired action, such as a clicking on an ad or purchasing from an advertiser. For e-commerce merchants, Lin is focused…

Network Security

Issued by: Dark Reading

BEC Attacks Far More Lucrative than Ransomware over Past 3 Years

BEC fraud netted cyberthieves five times more profit than ransomware over a three-year period, according to Cisco’s midyear report released today. Despite all the recent attention paid to ransomware, cybercriminals walked away with $5.3 billion from business email compromise (BEC) attacks compared with $1 billion for ransomware over a three-year stretch, according to Cisco’s 2017…

Network Security

Issued by: Security Intelligence

Real-Time Payments, Real-Time Fraud Risks?

Real-time payments, near real-time payments, faster payments, immediate payments — those are just some names used to describe the increasing speed of the settlement transaction process. Slow clearing times for payments can have a negative effect on businesses and consumers, but a quicker process may introduce fraud risks. The National Automated Clearing House Association (NACHA)…

Network Security

Issued by: Kaspersky Blog

NYC landmarks hacked, customer data leaked

New York City is one of those places that people from around the globe make a pilgrimage to see. During the holiday season, Radio City Music Hall and the tree at Rockefeller Center are traditions that many families do annually. Similarly, Madison Square Garden is a beacon for fans of sports and concerts. Unfortunately, the…