In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
44% of all cybercrime losses reported to the FBI in 2020 were due to business email compromise. These threats are designed to evade traditional email defenses, including secure email gateways, because they are often text-based and appear to come from trusted senders. As a result, they defraud employees into paying...
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the FBI has seized bitcoins from an alleged REvil ransomware affiliate, how to mitigate risks from BIN attacks and the latest COVID-19 trends globally.
Ransomware attackers commonly bypass traditional email gateways, targeting people directly to gain access to a company's systems. The answer? Replace these porous controls with a people-centric security strategy, says Matt Cooke of Proofpoint.
There’s no question 2020 and 2021 have brought unanticipated changes and challenges for Financial Services and beyond. The notable surge in consumers’ use of websites and mobile apps for their banking transactions and service interactions exposed critical gaps in digital identity and authentication methods. These...
Organized networks continue leveraging specific threat vectors to successfully target key customer interaction points. Balancing convenience and safety across the customer journey begins with dynamic interaction and behavior intelligence. Is your current fraud strategy designed to keep pace?
Our ebook details...
The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
Neiman Marcus Group says it is notifying 4.6 million of its online customers who are affected by a data breach that occurred in May 2020. The data includes personally identifiable data, payment and gift cards, online account credentials and security questions.
Microsoft has indicated it will make changes to reduce the risk around what a security vendor says is a vulnerability that lets attackers run brute-force credential attacks against Azure Active Directory. The issue was reported to Microsoft in June by SecureWorks' Counter Threat Unit.
For fraudsters, there has been no respite. The fraud
economy took no pandemic hit. There was no
reduction in schemes among adversaries and they
experienced no job losses. Instead, shifts toward an increased dependency on digital channels have presented a myriad of new opportunities for illicit
financial gain....
Cybercriminals have added a devious weapon to their attack arsenals - malicious browser notifications. And the worst part is they’re not blocked by any current cyber defense. These innocuous looking pop ups can wreak havoc on your network while remaining completely undetected. They look more realistic than...
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for financial institutions and other AML-regulated entities.
How has the AML regulatory climate shifted most...
Is your approach to financial crime tactical or strategic?
Changing regulatory expectations, new and emerging technologies and criminal event typologies and an abundance on under-utilised data are resetting the operational model for anti-money laundering. When these factors are considered against changed economic...
Can your organization provide a seamless digital experience with immediate account access, and stand up to the highest standards in safeguarding customers’ assets?
When consumers fall victim to fraud, they expect their financial services organization (FSO) to help them resolve the issue. And when the firm...
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
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