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In its seventh year of offering online anti-fraud services, the company estimates that its RSA FraudAction service has prevented US$7.5 billion in potential losses due to fraud, mainly through its anti-phishing and anti-Trojan services.
The FBI is warning the public about a cyber-crime ring that not only steals banking credentials but also launches a distributed denial of service (DDoS) attack on the victim’s financial institution as a diversion.
With Cyber Monday just days away, online shopping will surge and with that will come a jump online fraud attacks, causing problems for both consumers and merchants.
A server at Virginia Commonwealth University, containing files with personal information on current and former VCU and VCU Health System faculty, staff, students and affiliates, was breached, possibly putting 176, 567 people at risk.
Bank of America Merrill Lynch announced this week that it would be offering Chip and PIN technology (also known as EMV) in corporate cards for U.S. international travelers.
Investigators have identified several false document manufacturing networks in multiple cities that supported a variety of criminal activity, including credit and bank fraud, tax fraud, identity theft, and pharmaceutical diversion schemes.
In an effort to combat the growing threat of financial loss through ATM Skimming, ATM maker Diebold has re-engineered components in some of its ATMs, including a re-engineered bezel and has launched a service to detect and prevent skimming activity.
Watch an on demand Webcast from SecurityWeek and Symantec to learn more about this intriguing new malware as we provide further analysis on the latest outbreak findings.
According to Trend Micro, a hacker in his early 20s known by the cyber-alias “Soldier” led a bank fraud operation that netted $3.2 million in six months. Powered by the SpyEye crimeware kit and aided by money mules and an accomplice believed to reside in Hollywood, Soldier commanded a botnet of more than 25,000 computers between April 19 and June 29 that compromised bank accounts and made off with the profits.
On Aug. 9, Microsoft accidentally released information on the five security updates it is planning to release tomorrow as part of this month’s Patch Tuesday.
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FEATURES, INSIGHTS // Fraud & Identity Theft
Companies are increasingly seeing the benefits of using social technologies both for internal and external purposes. What is the security impact of this trend? What should security teams think about?
To maximize profits, fraudsters need to do a lot of learning. They can either learn techniques of areas they haven't focused on yet, learn better techniques in the field they already specialize in, or learn new cover stories to improve the techniques they already use.
The worlds of counter terrorism and fraud prevention should increase their ties. Systems that are already implemented in one world may be applied to the other. Solution providers and policy makers from both worlds need to meet up and share ideas, thoughts and experience for the benefit of both.
A bank that will fail to give fraud departments the power to make the necessary changes to its internal processes, may end up in a situation where everyone knows how and why fraudsters are stealing money from their bank – yet nothing can be done to stop it.
Some newer POS systems in the US have built-in authentication systems designed to protect merchants against the addition of fraudulent PIN pads. Should PCI now require retail businesses to upgrade to newer and better technology?
Unlike real-world dumpster diving, "electronic dumpster diving" can enable cybercriminals to access all the documents currently held by the user, not just those that were thrown away.
Second column in a series describing the hottest commodities found in underground markets. We continue to explore the trending “commodities” in these markets and how to protect from your data being exchanged in these markets.
To mitigate data security risks at the Point of Sale (POS), retailers are building and implementing technical control systems to monitor data traffic and tokenizing and encrypting data, to increase security. But often times, simple preventative solutions are taken for granted and get lost in all of the rhetoric.
While fraudsters may be equal in terms of rank, when it comes to sophistication – they are not. Much like in the hacking community, the higher the sophistication level of individuals, the lesser they are in numbers.
Enjoy this selection of top picks for 2010, listed in no particular order. Happy New Year!
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