The Role of Money Mules in New Multi-Million Dollar Scams

I have written previously about CEO fraud where employees receive an email which appears to come from a company executive directing them to erroneously wire money to an overseas bank account. Now, fraudsters are redirecting their efforts to a new internal target: accounts payable. According to IBAN, the scam works this way: The fraudsters intercept emails or compromise…

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POS Malware and Other Hacks Plague the Hospitality Industry

The days of making “analog accommodations” at hotels — filling out a reservation slip, taking ownership of a door key and having only a telephone handset to communicate with the outside world— are long over. Today’s hotels are rife with digital trapdoors, metaphorical sinkholes that have the capacity to compromise your personal information and identity.…

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The Era of Proportional Ransomware Has Arrived

According to the FBI the incursion of ransomware has just gone from bad to worse. In a recent alert, the U.S. Federal Bureau of Investigation (FBI) warned that recent ransomware variants have targeted and compromised vulnerable business servers to identify and target hosts, thereby multiplying the number of potential infected servers and devices on a network. More…

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Credential Checking Services Soar in Popularity on Dark Web

If you’ve ever needed another reason to not recycle your passwords, I give you Sentry MBA. Although the tool has been around for a couple of years, it has recently been soaring in popularity among those in the fraud community which is no surprise with more than 1.5 billion consumer credentials breached so far this year. The…

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The Perils of Consumer Single Sign-On

From social media to gaming sites, every headline of a new breach makes me groan, “Time to change my password.”  It’s a begrudging task, but I still have not been pwned.  Aside from the risks associated with the common problem of password recycling among consumers, there are far too many online websites that enable consumers…

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A New Generation of Hackers Target the Gaming Industry

Hackers love a crowd. That’s true when it comes to social media networks, government system websites, financial institutions, retailers, and, based on recent headlines, gaming sites.  For an industry projected to be worth nearly $100 billion in 2016, gaming offers a lucrative industry for cybercriminals.  Last year, gaming accounted for 1 in every 50 e-commerce fraud transactions,…

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Account Takeover Gains Full Visibility with Web Behavior Analytics

Interest in and adoption of web behavior analytics is surging because of its ability to interpret the navigation and intent of each visitor to the website and as one of the best ways to protect the business against the skyrocketing rates of website fraud.  Account takeover is one of the predominant threats plaguing organizations with…

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Cyber Scams to Beware of at the 2016 Summer Olympics

Are you planning to cheer on your country’s athletes in-person at the Summer Olympics in Rio and need some discounted tickets? Or maybe you can’t afford to actually travel there, but would love to win a ticket lottery that would increase your chances of doing so? Or maybe you’re not planning to attend at all…

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Enter at Your Own Risk: The Perils of Livestreaming Content

There’s no such thing as a free lunch, not even on the Internet. But if you do decide to splurge, new research finds your lack of willpower may come with a side order of malware. In this case, that free lunch actually refers to websites that offer free livestreaming of things like sporting events, concerts, and so on. Turns…

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Consumer Security vs. User Experience in a Mobile World

Most people have had to go through the slow, and sometimes frustrating, process of standing in an airport security line at least once in their life. While not convenient for frequent flyers, we understand that although it is time consuming, it is vital to ensure security for people’s lives. However, this is not how customers…

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