Millions of Android devices forced to mine Monero for crooks
No device is safe from criminals looking to make it stealthily mine cryptocurrency for them. However weak its processing power is, it still costs them nothing. With that in …
Identity fraud enters a new era of complexity
The number of identity fraud victims increased by eight percent (rising to 16.7 million U.S. consumers) in the last year, a record high since Javelin Strategy & Research …
The new gold rush: A look inside cryptocurrency fraud
Cybercriminals are flooding to the new world of cryptocurrencies looking to exploit the boom in interest and adoption of these electronic currencies, according to Digital …
How cybercriminals abuse the travel and hospitality industry
The travel and hospitality industry suffers billions of losses each year due to fraud. “With the right combination of other underground services (compromised accounts, …
Human trafficking victims forced to defraud Chinese computer users
Late last week, the Croatian police executed a coordinated raid on two houses where 59 individuals were confined and forced into defrauding Chinese and Taiwanese computer and …
Credit card fraud down 29% for the first time
Iovation released data collected from its retail and e-commerce subscribers from the 2017 holiday weekend (Nov. 24 – 27, 2017). For the first time in recent years, …
Identity theft concerns won’t hold back holiday shopping
Despite concerns about identity theft and fraud, consumers don’t plan to curb their holiday shopping, according to Discover. While 62 percent of consumers are very or …
Measuring fraud trends across various industries
Businesses across industries are experiencing more sophisticated fraud attempts across multiple customer-not-present channels, according to IDology. Shifting fraud tactics and …
The tools criminals use to prepare a stolen iPhone for resale
Reselling stolen mobile phones is a lucrative business all over the globe, and iPhones are very much in demand. Whether lost or stolen, the iPhones are often locked by their …
Lending industry faces higher fraud costs than e-commerce, retail and financial services
Lenders face higher costs of fraud than other industries, including retail, e-commerce and financial services. For every dollar of fraud, lending companies incur $2.82 in …
Can it be true? Most consumers value security more than convenience
52 percent of UK consumers think fraud is an inevitable part of shopping online, according to Paysafe, a global payments provider. What are the top three challenges of …
Consumers need to stay alert as skimming grows
The number of cards compromised at U.S. ATMs and merchants rose 39 percent in the first six months of 2017, compared to the same period in 2016, according to new data from …