23 May 2019

Fraud Attacks from Mobile Spiked 300% in Q

Cybercriminals are increasingly using rogue mobile applications to carry out fraud attacks, a new RSA report shows. In the first three months of this year, fraud associated with such apps surged by 300%. Rogue apps are malicious copies of legitimate applications. Fraud campaigns involving financial malware also increased in Q1

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02 May 2019

Digital Ad-Fraud Losses Decline

New research by White Ops and the Association of National Advertisers (ANA) projects that losses for digital advertisers due to ad fraud will decline by 11% this year to reach $5.8 billion. The decline is caused by increasingly successful efforts by the industry to counter online ad fraud. As a

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19 Apr 2019

Report: Under-Resourced People Face Higher-Than-Average Cyber Risks

A new University of California study[pdf] shows that underserved people face higher cybersecurity risks than other citizens. The study defines underserved people as “residents from low-income households, foreign-born and foreign-language speakers, and seniors.” The survey found that underserved people are more likely to fall victim to cyber scams, to experience

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19 Apr 2019

India expected to surpass the UK for second place in payment card fraud

India is an increasingly popular target for cybercriminals, a new report by Gemini Advisory shows. In fact, India is projected to overtake the UK on the payment card fraud list this year, meaning that it will become the most targeted country after the US. In 2018, threat actors put 3.2

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18 Apr 2019

How criminals use fraud guides from the Dark Web to scam organizations and individuals

A Wednesday report by Terbium Labs highlights the growing underground market for instruction manuals that teach people how to commit a wide variety of cybercrimes. The security researchers analyzed a staggering 30,000 “fraud guides,” which provided them with important insights into how cybercriminals think and operate. Email addresses are discussed

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09 Apr 2019

‘Digital Doppelganger’ Underground Takes Payment Card Theft to the Next Level

Kaspersky Lab researchers have discovered a massive underground online marketplace where criminals are selling over 60,000 digital doppelgangers, which are stolen, legitimate digital identities that include information like login credentials to online banking systems as well as the digital ‘masks’ or ‘fingerprints’ of victims, i.e. information about their digital behavior

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22 Mar 2019

Astronomical costs, geopolitical headaches: Telecom fraud is too big to ignore, report says

A new report by Europol and Trend Micro on international telecommunications fraud shows that this category of fraud, which covers both consumer and corporate scams, not only costs more than €29 billion (around $33 billion) every year, but also leads to major headaches for consumers, companies and law enforcement. The

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12 Feb 2019

Experian: US Suffers the Most Online Fraud

According to new research by Experian, US consumers and companies are prime targets for online fraud campaigns. Losses related to online fraud have increased over the past year for eight out of ten US firms, while this is true for only a little over half (55%) of businesses in Europe and

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01 Feb 2019

IoT botnet used in YouTube ad fraud scheme

Security researchers with CenturyLink have released a report documenting the recent evolution of TheMoon, an internet of things (IoT) botnet that was first detected in 2014. While TheMoon was originally used by cybercriminals to carry out DDoS attacks, it is now being used for other malicious purposes, such as brute-force attacks

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31 Jan 2019

eCommerce credit card fraud is nearly an inevitability

New research by Riskified on the online shopping habits and preferences of 5,000 US consumers, shows that the older consumers get, the more likely they are to fall victim to eCommerce credit card fraud. Overall, just under half (49%) of respondents has become a victim of this type of fraud. For

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