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 …
How attackers abuse Quickbooks to send phone scam emails
INKY researchers disclosed the latest variant of the tried-and-true phone scam, a low-tech phone scam where attackers extract personal information by sending out spoofed …
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 …
Attackers are using deepfakes to snag remote IT jobs
Malicious individuals are using stolen personally identifiable information (PII) and voice and video deepfakes to try to land remote IT, programming, database and …
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 …
Threat actors increasingly use third parties to run their scams
Abnormal Security released new research that showcases a rising trend in financial supply chain compromise as threat actors impersonate vendors more than ever before. In …
How phishing attacks are becoming more sophisticated
The latest APWG’s Phishing Activity Trends Report reveals that in the first quarter of 2022 there were 1,025,968 total phishing attacks—the worst quarter for phishing observed …
Cybercriminals use Azure Front Door in phishing attacks
Resecurity, Inc. (USA) has identified a spike in phishing content delivered via Azure Front Door (AFD), a cloud CDN service provided by Microsoft. The identified resources in …
Inside a large-scale phishing campaign targeting millions of Facebook users
In this video for Help Net Security, Nick Ascoli, VP of Threat Research, PIXM, discusses a massive phishing campaign has successfully stolen an estimated five million Facebook …
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 to keep your NFTs safe from scammers
According to Wikipedia, the first known non fungible token (NFT) was created in 2014 and the first NFT project was launched in late 2015. It took a few more years and more …