Collaborate Disseminate
If you’ve ever gotten a financial fraud alert from your bank, you can thank Daniel Gor for developing the automated processes by which fraud analysts monitor customers’ behavioral patterns.
The post How Daniel Gor Helps Protect the World — and His Grandparents — From Financial Fraud appeared first on Security Intelligence.
Shir Levin used to report on government and law, but her journalism career wasn’t data-driven enough for her. She now uses her experience in news, psychology and statistics to fight identity fraud.
The post How Shir Levin Uses Her Nose for News to Sniff Out Identity Fraud appeared first on Security Intelligence.
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IBM X-Force researchers unpacked ExoBot’s inner workings to reveal insights into its dynamic mechanisms and the features that help criminals use it in cross-channel bank fraud schemes.
The post IBM X-Force Delves Into ExoBot’s Leaked Source Code appeared first on Security Intelligence.
Continue reading IBM X-Force Delves Into ExoBot’s Leaked Source Code
IBM X-Force researchers identified new financial malware, dubbed CamuBot, that attempts to camouflage itself as a security module required by the Brazilian banks it targets.
The post CamuBot: New Financial Malware Targets Brazilian Banking Customers appeared first on Security Intelligence.
Continue reading CamuBot: New Financial Malware Targets Brazilian Banking Customers
IBM X-Force researchers discovered that BackSwap, a banking Trojan that had previously only targeted Polish banks, now has its sights set on six banks in Spain.
The post BackSwap Malware Now Targets Six Banks in Spain appeared first on Security Intelligence.
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This type of multinational ATM cashout could drain cash machines of millions within the span of hours. Continue reading FBI warns banks that crooks are planning choreographed ATM drainage
Operation Wire Wire Cases
Operation Wire Wire was announced June 11, 2018 by the Department of Justice. This Operation led to the arrest of 42 people in the United States and 29 others in Nigeria, Poland, Canada, Mauritius, Indonesia, and … Continue reading 74 (Mostly Nigerians) Arrested in Business Email Compromise Action
The mobile revolution has made it simpler and faster for banking customers to conduct financial transactions, but it has also expanded the attack surface for fraudsters aiming to steal sensitive data.
The post Mobile Financial Transactions Are Faster, But Are They Any Safer? appeared first on Security Intelligence.
Continue reading Mobile Financial Transactions Are Faster, But Are They Any Safer?
As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
The post How Cybercriminals Use Money Mule Accounts to Profit From Online Fraud appeared first on Security Intelligence.
Continue reading How Cybercriminals Use Money Mule Accounts to Profit From Online Fraud
As cybercriminal tactics evolve, banks must employ fraud detection solutions that leverage artificial intelligence to evaluate new registrations for signs of money mule activity.
The post How Cybercriminals Use Money Mule Accounts to Profit From Online Fraud appeared first on Security Intelligence.
Continue reading How Cybercriminals Use Money Mule Accounts to Profit From Online Fraud