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NEWS & INDUSTRY UPDATES

Trend Micro unveils Writing Style DNA, an AI-powered capability that uses writing style analysis to detect business email compromise (BEC) attacks [Read More]
Ransomware is the most prevalent type of malware and it increasingly targets business-critical systems, according to Verizon’s 2018 Data Breach Investigations Report (DBIR) [Read More]
Best Buy customers may have had their payment card data stolen as a result of the breach suffered by online services provider [24]7.ai. [Read More]
Delta Air Lines, Sears Holdings and likely other major companies were affected by a payment card breach suffered last year by online services provider [24]7.ai [Read More]
Ukrainian national suspected of being the mastermind of a gang that used Carbanak malware to steal more than €1 billion from banks arrested in Spain [Read More]
Fraud prevention and risk management solutions provider Sift Science raises $53 million in Series D funding round, bringing the total raised to date to $107 million [Read More]
Hackers breached Expedia-owned travel website Orbitz and may have stolen as many as 880,000 payment cards [Read More]
The adoption of chip-and-PIN technology by an increasing number of U.S. merchants has led to a 70% decrease in counterfeit card fraud, says Visa [Read More]
U.S. SEC releases updated guidance on data breach disclosures and advises companies to adopt policies that ban executives from trading during security incident investigations [Read More]
SWIFT attacks: Russia’s Central Bank says one of the country’s financial institutions lost $6 million, and hackers attempted to steal $2 million from India’s City Union Bank [Read More]

FEATURES, INSIGHTS // Fraud & Identity Theft

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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.
Idan Aharoni's picture
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.
Robert Vamosi's picture
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?
Idan Aharoni's picture
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.
Noa Bar-Yosef's picture
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.
Christopher Justice's picture
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.