2020 Tax Fraud Trends: How to Protect Yourself at Home and Work

Scammers view tax season as a prime recruiting season for victims. Here are the most prominent tax fraud trends in 2020 and how to protect your identity and business from risks.

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Credential-Stuffing Attacks Are Just the Tip of the Iceberg

Credential-stuffing attacks are indicative of the much larger issue of account takeover. Adaptive authentication can help improve the digital experience for low-risk users.

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Survey: There’s a divide between cyber security concerns and cyber security actions

When it comes to cyber security, U.S. businesses and citizens alike have plenty of concerns, but they may not know how to mitigate them. That observation is based on the third annual Cyber Report from property and casualty insurer Chubb (pdf), which fo… Continue reading Survey: There’s a divide between cyber security concerns and cyber security actions

The Digital Identity Trust Life Cycle: Onboarding and Deploying a Fraud Protection Vendor

Digital trust expert Rob Rendell explains what components are important for a smooth kickoff and how to prepare both your team and your new fraud protection vendor’s team.

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Chipotle customers report fraudulent orders charged to their accounts

Mexican food lovers in the U.S. are incurring an ‘extra charge’ with their Chipotle accounts, and they are none too happy about it. In fact, they are up in arms on Reddit and Twitter after failing to convince the restaurant chain that hacke… Continue reading Chipotle customers report fraudulent orders charged to their accounts

Three Romanians plead guilty in multi-million dollar “vishing and smishing” scheme

A hacking trio based in Romania has pleaded guilty to charges brought by U.S. authorities after being caught siphoning cash from unwary Americans. The three now await sentencing. Between 2011 and 2014, three Romanian hackers working from their home cou… Continue reading Three Romanians plead guilty in multi-million dollar “vishing and smishing” scheme

Passport numbers stolen from Marriott provide scammers with another ID theft tool

Hackers who spent four years lurking inside the Starwood hotel chain’s guest database now have a valuable piece of the puzzle for stealing victims’ identities: passport numbers. Marriott announced Friday that the stolen information on 327 million people “includes some combination” of passports and other personal information, such as phone numbers, email addresses, or payment card data. A passport number alone may not be especially valuable, but fraudsters can incorporate that information into an identity theft scheme, making those attacks more likely to be successful. Sen. Chuck Schumer, D-N.Y., on Sunday called on Marriott to pay the fees to replace each U.S. customers’ passports stolen in the breach, which amounts to $110 per passport holder. Marriott did not immediately respond to a request for comment Monday about why Starwood collected guests’ passport information. The breach also provides scammers with other detailed information they can combine to gather a detailed view […]

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Synthetic identity fraud to drive $48 billion in annual losses by 2023 – Juniper Research

Online payment fraud losses will reach $48 billion annually by 2023, up from the $22 billion in losses projected for 2018, a new study from Juniper Research has found. Juniper’s new research claims that a critical driver behind losses from eComme… Continue reading Synthetic identity fraud to drive $48 billion in annual losses by 2023 – Juniper Research

3 Novel Ways to Use Blockchain for Business Across Industries

By leveraging blockchain for business, organizations can clarify historical records and streamline transactions while significantly boosting overall enterprise security.

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