Memcyco Report: Just 6% of Brands Guard Against Digital Impersonation Fraud

By Waqas
Memcyco Inc., a provider of digital trust technology designed to protect companies and their customers from digital impersonation…
This is a post from HackRead.com Read the original post: Memcyco Report: Just 6% of Brands Guard Against D… Continue reading Memcyco Report: Just 6% of Brands Guard Against Digital Impersonation Fraud

Fighting identity fraud? Here’s why we need better tech

In this Help Net Security video, Patrick Harding, Chief Architect at Ping Identity, discusses the state of identity fraud prevention. Businesses must adopt more advanced technologies to combat the advancing tactics of identity fraud. Organizations that… Continue reading Fighting identity fraud? Here’s why we need better tech

Consumers continue to overestimate their ability to spot deepfakes

The Jumio 2024 Online Identity Study reveals significant consumer concerns about the risks posed by generative AI and deepfakes, including the potential for increased cybercrime and identity fraud. The study examined the views of more than 8,000 adult … Continue reading Consumers continue to overestimate their ability to spot deepfakes

Feds Bust N. Korean Identity Theft Ring Targeting US Firms

By Deeba Ahmed
North Korea targeted US companies with stolen identities in a cybercrime scheme. The Justice Department cracks down, seizes websites, and disrupts revenue streams.
This is a post from HackRead.com Read the original post: Feds Bust N. Kor… Continue reading Feds Bust N. Korean Identity Theft Ring Targeting US Firms

Selfie spoofing becomes popular identity document fraud technique

Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document ima… Continue reading Selfie spoofing becomes popular identity document fraud technique

Only 45% of organizations use MFA to protect against fraud

Most businesses struggle with identity verification and have concerns over ability to protect against AI, according to Ping Identity. Despite stronger protection solutions available, many organizations aren’t taking full advantage. The report, based on… Continue reading Only 45% of organizations use MFA to protect against fraud

Triangulation fraud: The costly scam hitting online retailers

In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merch… Continue reading Triangulation fraud: The costly scam hitting online retailers