62% of consumers see fraud as an inevitable risk of online shopping
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to a research released by Paysafe. Consumers across North America, …
What type of fraud enables attackers to make a living?
A consumer’s online account where they login and input their passwords is a very lucrative target for cybercriminals. In this Help Net Security video, David Senecal, VP …
Identity crimes reach all-time high
The Identity Theft Resource Center (ITRC) has published a report that looks at the identity crimes committed against individuals as reported by the victims of those crimes. In …
Universities are at risk of email-based impersonation attacks
Proofpoint released new research which found that the top universities in the United States, the United Kingdom and Australia are lagging on basic cybersecurity measures, …
Major shifts and the growing risk of identity fraud
Traditional identity fraud losses, caused by criminals illegally using victims’ information to steal money, exploded in 2021 to $24 billion — an alarming 79% increase over …
How to identify and combat online fraud
As the popularity of Buy Now, Pay Later (BNPL) grows, organizations and consumers must remain vigilant or risk becoming a victim of fraud, as account takeover attacks – where …
Online payment fraud losses to exceed $343 billion
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research. As a comparison, this equates to …
The proliferation of money mules and how behavioral biometrics can combat this form of fraud
In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the …
Who are the best fraud fighters?
Seasoned fraud expert PJ Rohall has recently become the new Head of Fraud Strategy & Education at SEON. In this Help Net Security interview, he talks about how he entered …
Evolving online habits have paved the way for fraud. What can we do about it?
Information is power, and personally identifiable information (PII) is an extremely powerful asset that is fueling the rapid growth of online fraud (also known as the Digital …
Attack methods using hybrid bots enable criminals to open mule accounts at scale
During the first half of 2022, BioCatch data reveals that money mule accounts represent up to 0.3 percent of accounts held by financial institutions, and an estimated $3 …
How financial institutions are improving customer experience with fraud prevention measures
Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one …
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