Category Archives: Online Banking Fraud

Web injections are back on the rise: 40+ banks affected by new malware campaign

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Web injections, a favored technique employed by various banking trojans, have been a persistent threat in the realm of cyberattacks. These malicious injections enable cyber criminals to manipulate data exchanges between users and web browsers, potentially compromising sensitive information. In March 2023, security researchers at IBM Security Trusteer uncovered a new malware campaign using JavaScript […]

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Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work

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In a world in which bad news dominates, social engineering scams that carry a promise of good news can be incredibly lucrative for cyber criminals.  In one recent example, fraudsters set up a phony job posting using a real recruiter as the contact person for the hiring process. Applicants hoping for a chance at the […]

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How Will Strong Customer Authentication Impact the Security of Electronic Payments?

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Reading Time: 3 minutes The EU’s updated Payment Services Directive, PSD2, will introduce a new technical standard that regulates strong customer authentication (SCA).

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Easy Does It! A Timely Look Into Fraud TTPs in the Brazilian Financial Cybercrime Landscape

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In this first article of a two-part series, IBM X-Force exposes some of its research on the typical malware and tactics, techniques and procedures (TTPs) used in Brazilian financial cybercrime.

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Open Banking Is Here — Is Your Bank Positioned to Lead?

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Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.

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Don’t Be Catfished: Protecting Yourself From New Account Fraud

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While consumers can’t change their personal information, they can take preventative measures to protect their data from new account fraud.

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Massive Identity Data Exposure Leads to Rising Tides of New Account Fraud — What’s Next?

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New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.

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Fighting Financial Fraud in an Increasingly Digital World

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Financial companies that provide mobile services need advanced malware detection tools and threat intelligence to protect customers from financial fraud.

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Ransomware, Trojans and Fraud, Oh My! Tracking Recent Cybercrime Trends and Patterns

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As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters’ ROI.

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Uncover Omnichannel Fraud Faster

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With so many ways to connect with banks today, financial organizations need omnichannel fraud detection tools to distinguish customers from fraudsters.

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