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.
Successful account takeovers are one of the most common ways that organizations end up with attackers in their systems. But strong authentication can thwart even the most clever phishing campaigns, says Brett Winterford, regional chief security officer for APJ at Okta.
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.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks of CertiK shares the status of data that FTX stores, the role of regulations and best cybersecurity practices for crypto exchanges.
On the heels of the recent FTX financial meltdown came the theft of millions of dollars that left thousands of investors, exchanges and others in the lurch. Hugh Brooks, director of security operations at CertiK, shares how the funds may have been stolen and what happens next.
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.
In the latest weekly update, ISMG editors share how amateur tactics employed by ransomware gangs are leading fewer victims to pay ransoms, why traditional identity controls can't protect against the growing authorized payment scams, and highlights from ISMG's Crypto and Payments Summit.
Cyber-criminals have become thoughtful about ransomware attacks; taking time to maximize your organization’s potential damage and their payoff. Protecting your network from this growing threat is more important than ever. And nobody knows this more than Roger Grimes, Data-Driven Defense Evangelist at KnowBe4.
Fighting fraud isn’t a binary proposition, and with a layered approach to fraud, you can enhance customer experience while reducing losses. The most successful companies are powering secure and streamlined customer experiences by taking a much more comprehensive view of consumers and their behaviors to make...
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.
Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino join ISMG editors discuss the first California consumer protection fine issued against retailer Sephora, defending against new ransomware tactics, and mitigating the impact of Zelle scams.
A phishing and fraud prevention vendor has bought a startup founded by Qualys' longtime engineering leader to help organizations more effectively discover and monitor assets. Red Sift says its purchase of Hardenize will help customers assess the security of their digital asset inventory.