Security Experts:
LATEST SECURITY NEWS HEADLINES
NEWS & INDUSTRY UPDATES
Tech giant IBM plans to acquire early-stage attack surface management startup Randori in a deal that signals a major expansion of Big Blue’s cybersecurity ambitions. [Read More]
Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms raising new funds to invest in startups solving information security problems. [Read More]
Cybercriminals operating the Clipminer botnet have made at least $1.7 million in illicit gains to date, according to estimates from Symantec researchers. [Read More]
Devo Technology, a late-stage startup building technology for data logging and security analytics, has closed a new $100 million funding round that pushes its valuation in the $2 billion range. [Read More]
ReliaQuest shells out $160 million to add threat intelligence capabilities to its flagship GreyMatter platform. [Read More]
Interpol has announced the arrest of three Nigerians accused of using the Agent Tesla malware to redirect financial transactions and steal data. [Read More]
Forgepoint Capital is pumping $10 million into a startup incubated to provide incident response services to the cyber-insurance ecosystem. [Read More]
John Telusma, of New York, was sentenced for his role in the transnational cybercrime enterprise Infraud Organization. [Read More]
Bug hunters at Microsoft are calling attention to several high-severity vulnerabilities in a mobile framework used by carriers in pre-installed Android System apps. [Read More]
SYN Ventures has closed a new $300 million fund and announced the addition of serial entrepreneur Ryan Permeh as full-time operating partner. [Read More]
FEATURES, INSIGHTS // Fraud & Identity Theft
Facts, data, and evidence are extremely important to properly detecting, preventing, and investigating both security incidents and fraud incidents.
Playing whack-a-mole with malicious code infections, phishing sites, and compromised credentials won’t help an enterprise reduce losses due to fraud.
Although robocalls are a pain for many of us, action is being taken to bring the problem under control.
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.
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