Fraudsters are increasingly using global brands, including Apple, to fool consumers into providing personal and financial information that can be used to compromise financial accounts. Experts offer insights on the latest trends and how to respond.
Today's cyber criminals use social engineering to plan and execute increasingly sophisticated phishing attacks. The Fundamentals of Phishing provides practical steps for consumers to identify fraudulent phishing emails. It also provides guidance for organizations to prevent their brands and domains being leveraged for...
In recent years, sending a seemingly innocent email to trick the recipient into allowing unauthorized access to corporate and organizational networks has cost businesses millions of dollars. End users have become sensitive to highly publicized cyber-attacks, knowing that their personal data is at stake.
As...
Spear phishing is the preferred attack method for advanced threat actors. Well-crafted spear phishing attacks easily slip past layers of defenses and target the only vulnerability that cannot be patched -- people. The vast majority of headline data breaches in recent years have all begun with spear phishing attacks....
A penny saved is a penny earned, as Benjamin Franklin made familiar in Poor Richard's Almanac in 1737 - and every penny of fraud loss recovered (or better yet, avoided) goes straight to the organization's bottom line.
Present-day examples span the gamut of industries. The losses are in the billions and growing -...
The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
Carphone Warehouse, a U.K.-based mobile phone retailer, is investigating a cyber-attack that may have breached personal information associated with up to 2.4 million customers, and card data linked to 90,000 accounts.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
Customer authentication is a very difficult challenge for financial institutions in faceless delivery channels due to the ready availability of consumer information from social media sites and data breaches. Fortunately, technology is up to the challenge, and voice solutions have emerged that can provide a wide range...
An unconfirmed post-breach report for bitcoin exchange Bitstamp shows the organization was targeted by a sustained attack that combined phishing via email and Skype with macro malware to successfully steal almost 19,000 bitcoins, worth $5 million.
Cisco announced plans to pay $635 million to purchase cloud security firm OpenDNS to better secure the "Internet of Everything." OpenDNS says the acquisition will leave its products and personnel intact.
Adoption of the financial services top-level domain ".bank" will provide enhanced email authentication capabilities, three experts explain in part two of a panel discussion on the new TLD.
Those advocating the use of the ".bank" top-level domain argue that it offers better security than ".com." In part one of a two-part interview, Craig Schwartz of fTLD Registry Services and Doug Johnson of the ABA explain the security provisions.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
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