Security Experts:

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Phone fraud is increasingly problematic for both enterprises and consumers, according to a new report from Pindrop Security.
Nigerian scammers target oil logistics companies in Europe and Asia. The attacks don't involve any malware.
Early Warning said on Tuesday that it has signed a definitive agreement to acquire Authentify Inc., a provider of phone-based, multi-factor authentication solutions.
Pindrop Security, a startup focused on combating phone-based fraud, announced that it has raised $35 million in a Series B round of financing.
Chinese Bitcoin exchange Bter has shut down its services following the theft of 7,170 BTC, worth roughly $1.7 million.
Visa and MasterCard announced plans to introduce new security technologies and expand their existing services.
Cybercriminals are relying on DNS cache poisoning in fraud schemes targeting Brazilian Boletos, according to researchers at RSA.
Intuit pauses e-filing via TurboTax after discovering fraudulent state tax returns. The company says its own systems have not been breached.
At least two Google AdSense campaigns have been leveraged by cybercrooks to redirect the visitors of numerous websites to scam pages.
A new toolkit discovered late last year by researchers at IBM Trusteer allows even less skilled cybercriminals to steal online banking credentials and abuse them for fraudulent transactions.

FEATURES, INSIGHTS // Fraud & Identity Theft

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James Foster's picture
Many fraudulent accounts are mere satire or innocuous trolling, but others are created with far more devious intentions.
Jon-Louis Heimerl's picture
Social engineering attacks can happen at any time. Here are some strategies you can use to help reduce the chances of a successful social engineering/phishing attack you or your organization.
Mark Hatton's picture
They always say in the investment world that cash is king. We are now seeing that in terms of cyber as well. Stealing cash, it’s even better than stealing money.
Gant Redmon's picture
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.
Gant Redmon's picture
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.
Alan Wlasuk's picture
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.
Idan Aharoni's picture
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.
Noa Bar-Yosef's picture
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?
Idan Aharoni's picture
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.
Idan Aharoni's picture
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.