A fresh look at the current state of financial fraud 20/07/2023 at 07:02 By Help Net Security In this Help Net Security video, Greg Woolf, CEO at FiVerity, discusses how the emergence of sophisticated fraud tools powered by AI and recent upheavals in the banking sector have forged an ideal environment for financial fraud. This […]
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How fraudsters undermine text passcodes 05/06/2023 at 07:17 By Help Net Security Malicious bots are taking new forms – a burst of spam and scam text messages led to 18,000+ consumer complaints at the FCC last year. One of the newest scams – artificial inflation of traffic (AIT) – targets the SMS authentication codes sent
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A new wave of sophisticated digital fraud hits Europe 05/06/2023 at 06:32 By Help Net Security Forced verification and deepfake cases multiply at alarming rates in the UK and continental Europe, according to Sumsub. In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year
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Virtual claims raise alarms among insurance carriers and customers 05/06/2023 at 06:08 By Help Net Security As the digital revolution changes the claims process, both carriers and customers are increasingly concerned about data privacy, according to LexisNexis Risk Solutions. More than 60% of consumers have concerns over the security of their personally identifiable information when
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PixBankBot: New ATS-Based Malware Poses Threat to the Brazilian Banking Sector 30/05/2023 at 12:36 By cybleinc Cyble analyzes PixBankBot, a new ATS-based malware that targets Brazilian banks through the popular Pix instant payment platform. The post PixBankBot: New ATS-Based Malware Poses Threat to the Brazilian Banking Sector appeared first on Cyble. This article is an
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Online scams target bargain-hunting holiday travelers 23/05/2023 at 06:01 By Help Net Security 30% of adults have fallen victim or know someone who has fallen victim to an online scam while trying to save money when booking travel, according to McAfee. 34% of those who had money stolen have lost over $1,000 before their trip
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Fraudsters send fake invoice, follow up with fake exec confirmation 16/05/2023 at 16:10 By Zeljka Zorz Fraudsters are trying out a new approach to convince companies to pay bogus invoices: instead of hijacking existing email threads, they are creating convincing ones themselves. A clever payment request fraud The fraud attempt begins with an email containing
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Fraud victims risk more than money 12/05/2023 at 06:30 By Help Net Security Digital fraud has significant financial and psychological repercussions on victims, according to Telesign. Businesses may find a new reason to fear digital fraud as the negative impacts of digital fraud on companies’ brand perception and the bottom line. Trust in digital world
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