Threat actors are exploiting the ongoing economic downturn by using job-themed phishing and malware campaigns to target job seekers and employers to steal sensitive information and hack company recruiters. Researchers advise companies to be wary of attachments and URLs.
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
Crypto exchange firm Coinbase has confirmed that an SMS phishing campaign aimed at stealing employee credentials resulted in a minor data breach. The company estimates the latest campaign is part of the phishing campaign that successfully compromised Twilio and Cloudflare last year.
In this audiocast with Information Security Media Group, Joe Garber explains why a single authentication platform is the best way to gain a holistic view across information silos, enabling automation of key actions.
57% of consumers would stop spending money with their favourite brand if they fell victim to a phishing
attack while 70% agrees it is the brand’s responsibility to protect itself from email impersonation and from fake versions of its website respectively.
Download this casestudy to learn how to protect your...
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.
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.
During account registration, the authenticator generates a credential and passes the corresponding public key to the website for association with the user account.
But how do we know that it’s really our user that holds the credential and not an imposter? For instance, someone who stole the authenticator device....
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.
With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
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