Check fraud, first-party fraud and AI-related fraud will increase on a massive scale in 2023, thanks in large part to growing insider threats and the global economic slowdown. Frank McKenna, chief fraud strategist at Point Predictive, explains how banks can prepare to tackle these types of scams.
Expect the recently leaked database containing over 200 million Twitter records to be an ongoing resource for hackers, fraudsters and other criminals operating online, experts warn. Though 98% of the email addresses have appeared in prior breaches, bad actors can merge databases and do more damage.
ChatGPT, an AI-based chatbot that specializes in dialogue, is raising concern among security professionals about how criminals could use cheap, accessible natural language AI to write convincing phishing emails and pull off nefarious deepfake scams. Peter Cassidy discusses the implications.
Everyone knows why criminals rob banks. But since most robbers are operating remotely, which tactics are cybercriminals actually employing and how often are they successful? Too often, it seems, thanks to phishing attacks, money laundering, ATM skimmers, malware and more.
The attack earlier this year that compromised systems and data at LastPass is more extensive than the password management software provider previously revealed. LastPass says the attacker downloaded from the cloud backups of multiple users' encrypted password vaults, as well as unencrypted URLs.
Cloud email security: It involves new strategies and tools to defend against a new wave of attacks. Arun Singh of Abnormal Security discusses the latest flavor of email attacks and the new Knowledge Bases created to help enterprises increase their education and defensive capabilities.
The losses from phishing and other forms of sophisticated email fraud in 2021 alone totaled over $44 million, and the volume of phishing and email spoofing attacks doubled in 2021. Many malicious data breaches are caused by stolen credentials rather than the installation of malware. In fact, IBM found that in 2021,...
The email attack vector. It may not earn much discussion, but the adversaries take full advantage of it with phishing, BEC and now email platform attacks. Mike Britton, CISO of Abnormal Security, talks about the latest threat trends and how to detect and defend against them.
What really makes a “strong” password? And why are you and your end-users continually tortured by them? How do hackers crack your passwords with ease? And what can/should you do to improve your organization’s authentication methods?
Password complexity, length, and rotation requirements are the bane of IT...
In the next three years, CISOs face daunting challenges, including rapidly changing threat vectors, new APT attacks and the implementation of new defensive solutions, says Anuprita Daga, chief information security officer and chief data protection officer at Yes Bank.
Security firm Group-IB has identified 34 hacking groups that are now selling a stealer-as-a-service model to spread infostealer malware and steal credentials from online gaming and payment accounts. The company advises organizations to be on the lookout for Raccoon and Redline infostealers.
Banks are getting better at catching a wide range of scams targeted at customer accounts, but they are still struggling with stopping authorized payment fraud through peer-to-peer payment companies such as Zelle, says David Pollino, former divisional CISO with PNC Bank.
A large-scale cyberespionage campaign by notorious China-based advanced persistent threat actor Mustang Panda is targeting government, academic and other sectors globally. Its main targets include Asia-Pacific organizations in Myanmar, Australia, the Philippines, Japan and Taiwan.
The United Kingdom and many other countries are considering ways to make banks liable for authorized payment fraud and lift the burden from millions of victims of online scams. Trace Fooshee, strategic adviser at Aite-Novarica Group, shares his views on why this might not be such a great idea.
All employees should consider upholding the security of the organization part of their job regardless of their official role at the company, says Equifax Business Information Security Officer Michael Owens. But creating an organization-wide cybersecurity culture is easier said than done.