fraud - Security Ticks

Balancing security and user experience to improve fraud prevention strategies

account protection, cybersecurity, Don't miss, Features, financial industry, fraud, Hot stuff, J.D. Power, News, opinion / SecurityTicks

Balancing security and user experience to improve fraud prevention strategies 2024-12-17 at 07:03 By Mirko Zorz In this Help Net Security interview, Jennifer White, Senior Director for Banking and Payments Intelligence at J.D. Power, discusses how financial institutions can improve customer satisfaction during fraud resolution, covering proactive fraud prevention, clear communication, and empathetic issue resolution. […]

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$400M seized, 5,500 arrested in global operation targeting cyber fraud

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$400M seized, 5,500 arrested in global operation targeting cyber fraud 2024-12-02 at 12:44 By Mirko Zorz A coordinated international operation involving law enforcement agencies from 40 countries led to the arrest of over 5,500 individuals linked to financial crimes and the confiscation of more than $400 million in virtual assets and government-backed currencies. Officers in

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Combatting Counterfeit Goods in E-Commerce with Cyble Brand Protection Strategies

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Combatting Counterfeit Goods in E-Commerce with Cyble Brand Protection Strategies 2024-11-29 at 12:04 By daksh sharma Overview The rapid growth of e-commerce has revolutionized the way consumers shop, with global e-commerce revenues expected to exceed $6 trillion in 2024. However, this surge in online transactions has also created fertile ground for counterfeit goods, with fraudulent

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Crypto companies are losing ground to deepfake attacks

Crypto, cybercrime, fraud, identity verification, News, Regula, report, survey / SecurityTicks

Crypto companies are losing ground to deepfake attacks 2024-11-28 at 06:34 By Help Net Security The crypto sector stands out as the only surveyed industry where deepfake fraud surpasses traditional document fraud in prevalence, according to Regula. Crypto companies suffer significant losses from fraud The study finds that 57% of crypto companies report audio deepfake

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Black Friday shoppers targeted with thousands of fraudulent online stores

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Black Friday shoppers targeted with thousands of fraudulent online stores 2024-11-26 at 13:33 By Zeljka Zorz Building fake, fraudulent online stores has never been easier: fraudsters are registering domain names for a pittance, using the SHOPYY e-commerce platform to build the websites, and leveraging large language models (LLMs) to rewrite existing product listings to perfect

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How to recognize employment fraud before it becomes a security issue

cybercrime, cybersecurity, Don't miss, Expert analysis, Expert corner, fraud, Hot stuff, News, Nisos, opinion / SecurityTicks

How to recognize employment fraud before it becomes a security issue 2024-11-26 at 07:39 By Help Net Security The combination of remote work, the latest technologies, and never physically meeting your employees has made it very easy for job applicants to mask their true identities from their employer and commit employment fraud. Motivations for this

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Deepfake attacks occur every five minutes

cybercrime, Entrust, fraud, identity verification, News, report, survey / SecurityTicks

Deepfake attacks occur every five minutes 2024-11-22 at 06:35 By Help Net Security As cybercriminals continue to adapt their techniques to find new ways through defenses, AI-assisted fraud is growing increasingly sophisticated and frequent, according to Entrust. The findings reveal a deepfake attack happened every five minutes in 2024, while digital document forgeries increased 244%

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Social engineering scams sweep through financial institutions

BioCatch, cybercrime, financial industry, fraud, News, report, social engineering, survey / SecurityTicks

Social engineering scams sweep through financial institutions 2024-11-13 at 06:04 By Help Net Security North American financial institutions fielded 10 times more reports of social engineering scams in 2024 than they did a year ago, according to BioCatch. The data shows scams now represent 23% of all digital banking fraud. Growing danger of deepfake and

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Fraudsters revive old tactics mixed with modern technology

cybercrime, cybersecurity, fraud, News, report, scams, survey, Visa / SecurityTicks

Fraudsters revive old tactics mixed with modern technology 2024-10-28 at 07:04 By Help Net Security Threat actors continue to probe the payments ecosystem for vulnerabilities and were successful in conducting fraud schemes affecting multiple financial institutions, technologies, and processes, according to Visa. The resurgence of physical theft Scammers are going back to basics with an

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Scammers target Airbnb and Booking.com users

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Scammers target Airbnb and Booking.com users 2024-10-11 at 07:01 By Help Net Security ESET researchers discovered that the organized scammer network Telekopye has expanded its operations to target users of popular accommodation booking platforms like Booking.com and Airbnb. They have also increased the sophistication of their victim selection and of targeting the two booking sites,

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Spotting AI-generated scams: Red flags to watch for

Artificial Intelligence, blockchain, cybersecurity, deepfakes, Don't miss, Features, fraud, Hot stuff, Mano Bank, News, opinion, penetration testing, regulation / SecurityTicks

Spotting AI-generated scams: Red flags to watch for 2024-10-03 at 07:32 By Mirko Zorz In this Help Net Security interview, Andrius Popovas, Chief Risk Officer at Mano Bank, discusses the most prevalent AI-driven fraud schemes, such as phishing attacks and deepfakes. He explains how AI manipulates videos and audio to deceive victims and highlights key

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British National Arrested, Charged for Hacking US Companies

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British National Arrested, Charged for Hacking US Companies 2024-09-30 at 13:01 By Ionut Arghire UK national Robert Westbrook was charged in the US for executing a hack-to-trade scheme against five public companies. The post British National Arrested, Charged for Hacking US Companies appeared first on SecurityWeek. This article is an excerpt from SecurityWeek RSS Feed

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Discover how online fraud can impact your business

cybercrime, Enea, Experian, fraud, Jumio, News, Regula, report, Socure, survey, Trustpair / SecurityTicks

Discover how online fraud can impact your business 2024-09-24 at 07:31 By Help Net Security Recent reports underscore increased fraud losses driven by both old methods and new technologies. As fraudsters exploit advancements in AI and other sophisticated tools, their methods have become more difficult to combat. From AI-driven scams and sophisticated phishing attacks to

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Losses due to cryptocurrency and BEC scams are soaring

BEC scams, Cryptocurrency, Don't miss, FBI, fraud, Hot stuff, News / SecurityTicks

Losses due to cryptocurrency and BEC scams are soaring 2024-09-12 at 14:01 By Zeljka Zorz Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. Cryptocurrency fraud Based on complaints filed to FBI’s Internet Crime Complaint

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The attack with many names: SMS Toll Fraud

cybercrime, cybersecurity, Don't miss, fraud, Hot stuff, News, scams, Video / SecurityTicks

The attack with many names: SMS Toll Fraud 2024-09-03 at 06:31 By Help Net Security Bad actors leverage premium-rate phone numbers and bots to steal billions of dollars from businesses. In this Help Net Security video, Frank Teruel, CFO at Arkose Labs, discusses how to spot and stop them. The post The attack with many

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Scammers Use ScreenConnect to Defraud SSA Beneficiaries

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Scammers Use ScreenConnect to Defraud SSA Beneficiaries 2024-08-28 at 11:32 By rohansinhacyblecom Key Takeaways Overview Cyble Research & Intelligence Labs (CRIL) has identified a phishing website designed to impersonate Zoom. This fraudulent site tricks users into downloading ScreenConnect software. Once installed, ScreenConnect connects to a suspicious domain, giving unauthorized access to the victim’s computer. This

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Old methods, new technologies drive fraud losses

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Old methods, new technologies drive fraud losses 2024-08-28 at 06:01 By Help Net Security GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 2023 alone, representing a 14% increase

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Stolen, locked payment cards can be used with digital wallet apps

apple, Banks, digital wallet, Don't miss, financial industry, fraud, Google, Hot stuff, mobile payment, News, online payment, PayPal, research, vulnerability / SecurityTicks

Stolen, locked payment cards can be used with digital wallet apps 2024-08-19 at 21:32 By Zeljka Zorz Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania State University

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Scammers dupe chemical company into wiring $60 million

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Scammers dupe chemical company into wiring $60 million 2024-08-13 at 16:46 By Zeljka Zorz Orion S.A., a global chemical company with headquarters in Luxembourg, has become a victim of fraud: it lost approximately $60 million through “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.” The scammers targeted an employee Orion

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Some good may come out of the CrowdStrike outage

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Some good may come out of the CrowdStrike outage 2024-07-29 at 19:31 By Zeljka Zorz Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate incident is having several positive effects, as well. Some silver linings As CrowdStrike was forced to explain,

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