Collaborate Disseminate
As the holiday shopping season hits full stride, ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce and a 350% increase in fraudulent online orders, according to data published … Continue reading Ecommerce retailers facing a 350% increase in fraudulent online orders
Sysdig announced intent to acquire Apolicy to shift security further left and expand the Sysdig offering to include Infrastructure as code (IaC) security. Sysdig customers secure the DevOps cycle from build through production. Apolicy complements these… Continue reading Sysdig acquires Apolicy to help customers secure Infrastructure As Code and automate remediation
Red Hat announced Red Hat OpenShift 4.8, the latest version of the enterprise Kubernetes platform. Providing a powerful foundation to develop and connect diverse workloads across the hybrid cloud, Red Hat OpenShift 4.8 helps organizations accelerate th… Continue reading Red Hat OpenShift 4.8 helps organizations accelerate the creation of new cloud-native applications
FIS announced the first in a new series of solutions developed in partnership with C3 AI to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk. The AML Comp… Continue reading FIS partners with C3 AI to offer a line of AI-based risk solutions
Sysdig announced a $188 million Series F funding round at a valuation of $1.19 billion. This round brings Sysdig’s total funding to $394 million since inception. The financing was led by Premji Invest & Associates and Third Point Ventures, with par… Continue reading Sysdig raises $188M to invest in continued innovation in its open source foundation
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 billion, Javelin Strategy & Research reveals. With traditional fraud, cons… Continue reading Total combined fraud losses climbed to $56 billion in 2020
FIS, a global leader in financial services technology, announced the launch of an innovative digital onboarding solution for use by trust companies and bank trust departments in creating and opening new investor accounts online. The new offering reduce… Continue reading FIS releases new digital account onboarding solution for trust companies and banks
A large number of banks, credit unions and other financial institutions just pushed customers onto new e-banking platforms that asked them to reset their account passwords by entering a username plus some other static identifier — such as the first six digits of their Social Security number, or a mix of partial SSN, date of birth or surname. Here’s a closer look at what may be going on (spoiler: small, regional banks and credit unions have grown far too reliant on the whims of just a few major online banking platform providers).
You might think it odd that any self-respecting financial institution would seek to authenticate customers via static data like partial SSN for passwords, and you’d be justified for thinking that, too. Nobody has any business using these static identifiers for authentication because it’s all for sale on most Americans quite easily and cheaply in the cybercrime underground. The Equifax breach might have “refreshed” some of those data stores for identity thieves, but most U.S. adults have had their static details on sale for years now.
On Feb. 16, KrebsOnSecurity reader Brent Hoeft shared a copy of an email he’d just received from his financial institution Associated Bank, which at $30+ billion in assets happens to be Wisconsin’s largest by asset size. Continue reading What Is Your Bank’s Security Banking On?