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Months after the massive data breach at the South Carolina Department of Revenue where over three million names and Social Security numbers were exposed, residents remain confused about what steps the government is taking to secure their personal data.
Researchers from RSA have identified a new phishing technique called "Bouncer list phishing" which targets a very specific group of victims in targeted attacks.
RSA announced expansions to its anti-Fraud monitoring and protection grid, with news that it has opened an anti-Fraud Command Center (AFCC) in partnership with Purdue University.
According to the FTC, The Cuban Exchange Inc. impersonated the agency in an attempt to trick consumers into turning over their bank account and other sensitive or personal information.
WHOIS data has been a longtime source of controversy for ICANN - from concerns about threats to free speech to worries cybercriminals profit from the anonymity afforded by lax enforcement of rules around the data's accuracy. ICANN however, is trying to turn a corner.
Two California men received 25 years in prison for their roles in a massive bank fraud scheme.
Visa's new Consumer Authentication Service authenticates the customer prior to the authorization process in order to add an additional layer of fraud protection.
Insurance company Travelers offers a reminder that cybersecurity is not the only security consumers need to be worried about.
Enhancements to RSA’s Adaptive Authentication include protection from more than 30 million malware variants, in addition to Trojan detection, mobile protections, and ATM channel protections.
Return Path launched Outbound Abuse Manager and Global Trap Exchange, two new additions to its Fraud Protection Services offerings.
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FEATURES, INSIGHTS // Fraud & Identity Theft
When it comes to cybercrime, the police really can’t and aren’t going to protect residents of your town. The same goes for all towns and cities. Unless you’re talking a high six-figure theft, it's unlikely an officer will be assigned to your case.
The holiday season is a time of giving. But savvy security and technology professionals such as yourselves know, both during the holidays and year-round, that not all giving is good.
No more fertile ground for security breaches exists in the United States than our colleges and universities. A higher education student database is an identity thief’s dream come true.
Cooperation in the underground economy could enable a fraudster in Russia who masters the art of phishing to team up with another fraudster who already has the infrastructure of cashing out compromised online banking accounts of US banks.
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.
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