Payment Fraud Linked to Terrorism and Trafficking
Terbium Labs has released a new report that sheds light on the link between payment card fraud and other illegal activities such as drug trafficking, money laundering, human trafficking and terrorism. The study, which is based on 274 cases of payment card fraud in North America and Europe, found that
How Fraudulent Domains ‘Hide in Plain Sight’
New research by Proofpoint shows that over 3 in 4 firms have found fraudulent domains impersonating their company and a whopping 96% have discovered domains using their exact brand name, but a different top-level domain (TLD), i.e. examplebusiness.net instead of examplebusiness.com. According to Kevin Epstein of Proofpoint, fraudulent domains represent
Many are seeing the damage of cybercrime and identity theft firsthand
The vast majority of people are afraid it’s only a matter of time before they (71%) or their children (73%) will fall victim to identity theft or another cybercrime, a new F-Secure survey found. The majority of respondents (51%) said this had already happened to a family member. One in
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
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
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
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
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
‘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
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