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Even with considerable security precautions in place, Twitter chief executive Jack Dorsey became the victim of an embarrassing compromise when attackers took control of his account on the platform by hijacking his phone number. [Read More]
Visa this week announced a new set of capabilities aimed at improving fraud prevention and cybersecurity of payment systems. [Read More]
Two Florida men have pleaded guilty to wire fraud charges filed in southern Illinois, where they targeted people with fake technical support services. [Read More]
Pakistani national Muhammad Fahd has been charged in the US for bribing AT&T employees to help him unlock phones and plant malware on the telecoms giant’s network. [Read More]
A panel monitoring U.N. sanctions says North Korean cyber experts have illegally raised money for the country’s weapons of mass destruction programs “with total proceeds to date estimated at up to $2 billion.” [Read More]
Few data breach victims can ever pin the blame on any specific breach, whether that’s Equifax from 2017 or the recently disclosed breach at Capital One. [Read More]
Cybercriminals managed to divert $2.5 million in a business email compromise (BEC) scam targeting Cabarrus County, North Carolina. $1.7 million remains missing. [Read More]
Many more healthcare companies impacted by the AMCA data breach published press releases last week (the same press release) to notify customers. [Read More]
Researchers discover a new malware framework that managed to gather over one billion fraudulent ad impressions in the past three months. [Read More]
Microsoft says it has detected more than 740 infiltration attempts by nation-state actors in the past year targeting U.S.-based political parties, campaigns and other democracy-focused organizations. [Read More]
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FEATURES, INSIGHTS // Fraud & Identity Theft
Organizations may not be able to mitigate BEC scams entirely; however, tightening up processes will ensure data exposure is kept to a minimum.
The abundance of compromised card data and other assets available online continues to hinder the fight against card-not-present (CNP) fraud.
Even organizations with the most robust defense solutions and advanced automated technologies cannot effectively combat threats such as BEC without the adequate support and nuanced expertise of humans.
While a credit freeze can protect against the opening of fraudulent credit accounts, it is not an inoculation against identity theft. What can be done to help protect identities and the attributes associated with them?
The attackers may be looking for the path of least resistance, but there is no shortcut to securing your platform.
In addition to basic credit monitoring, breached companies need to get ahead of the attacks and start providing security solutions that actually protect the victims before they are victimized again.
While effective at curbing “petty crimes” such as credit skimming / cloning, EMV does not address more sophisticated cyber-attacks that target backend systems which contain card holders’ most sensitive information.
Many fraudulent accounts are mere satire or innocuous trolling, but others are created with far more devious intentions.
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.
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.
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SecurityWeek Daily Briefing
- Phishing Emails Deliver Amadey Malware to U.S. Taxpayers
- MITRE Publishes New List of Most Dangerous Software Weaknesses
- Dataswift Raises $2 Million in Seed Funding to Revolutionize Personal Data Sharing
- Kaspersky Unveils ICS Vulnerabilities Database
- The Global Reach of GDPR
- Critical Vulnerability Exposes Harbor Registries to Attacks
- Magecart Hackers Target Mobile Users of Hotel Websites
- Microsoft Rushes to Fix Bug That Broke Windows Defender Scans
- Ping Identity IPO Shares Priced at $15
- Smominru Botnet Infects Thousands of Hosts Daily
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