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LATEST SECURITY NEWS HEADLINES
NEWS & INDUSTRY UPDATES
The U.S. Treasury Department and the Justice Department announce sanctions against six Nigerian nationals for their involvement in BEC and romance fraud schemes. [Read More]
The alleged hacker who breached the human resource databases of University of Pittsburgh Medical Center in 2014 was arrested this week in Detroit. [Read More]
Twitter on Friday announced that it took down more than 30,000 accounts pertaining to three networks associated with China, Turkey, and Russia state-linked manipulation activities. [Read More]
The increase in mobile banking application usage is expected to lead to a rise in exploitation too, the FBI warns. [Read More]
Personal information of police officers in departments nationwide is being leaked online amid tense interactions at demonstrations across the U.S. over the police custody death of George Floyd and others, according to an unclassified intelligence document from the DHS [Read More]
Facebook has filed a lawsuit in Virginia against 12 domain names for their deceiving behavior. [Read More]
Amtrak is informing some customers that their personal information may have been compromised after someone accessed their Guest Reward account. [Read More]
DoJ announced this week that a New York City man was charged for his participation in a cybercrime scheme to steal and traffic payment card data. [Read More]
Industry experts say robocalls are way down — scam calls as well as nagging from your credit-card company to pay your bill. The coronavirus pandemic has inflicted millions of job losses, and scammers have not been immune. [Read More]
Facebook said that its Messenger app will be watching behind the scenes for scammers using the smartphone communication system. [Read More]
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FEATURES, INSIGHTS // Fraud & Identity Theft
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.
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.
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