Collaborate Disseminate
BEC attacks increased 15% quarter-over-quarter, driven by an explosion in invoice and payment fraud, Abnormal Security research reveals. “As the industry’s only measure of BEC attack volume by industry, our quarterly BEC research is important for CISOs… Continue reading BEC attacks increase in most industries, invoice and payment fraud rise by 155%
Global organizations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the Verizon report. With many companies struggling to retain qualified CISOs or security managers, t… Continue reading Only 27.9% of organizations able to maintain compliance with the PCI DSS
A LexisNexis Risk Solutions report tracks global cybercrime activity from January 2020 through June 2020. The period has seen strong transaction volume growth compared to 2019 but an overall decline in global attack volume. This is likely linked to gro… Continue reading Tracking global cybercrime activity and the impact on the digital economy
There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. This sharp rise continues the trend. Also, according to the report, invoice and payment fraud attacks incre… Continue reading 200% increase in invoice and payment fraud BEC attacks
The PCI Security Standards Council has updated the standard for payment devices to enable stronger protections for cardholder data. Meeting the accelerating changes of payment device technology The PCI PIN Transaction Security (PTS) Point-of-Interactio… Continue reading PCI SSC updates standard for payment devices to protect cardholder data
Magecart attackers have compromised web shops belonging to large retail chains Claire’s and Intersport and equipped them with payment card skimmers. Claire’s The compromise of Claire’s online store and that of its sister brand Icing h… Continue reading Magecart attackers hit Claire’s, Intersport web shops
With a growing portion of consumers having now fallen victim to card fraud, anxiety about the security of our digital accounts is spiking, according to a survey by Marqeta. The survey talked to 4,000 consumers across the United States and the United Ki… Continue reading Is the stress of card fraud worth the digital convenience?
The COVID-19 crisis is driving the global growth of e-commerce sales, with millions of consumers worldwide in quarantine shopping for goods, services and entertainment online. Transaction volumes in most retail sectors have seen a 74 percent rise in Ma… Continue reading Pandemic driving global e-commerce growth, but fraud is on the increase too
There has been a spike in digital commerce since social distancing became widespread globally, according to a TransUnion research. The research found a 23% increase in global e-commerce transactions in the week following the World Health Organization d… Continue reading As consumers turn online for purchases, many are targeted by pandemic-related digital fraud
Online payment fraud attempts increased by 73 percent in 2019, according to a report from Sift. Additional findings in the report reveal that cybercriminals are using mobile devices more than desktops or laptops to commit payment fraud. In fact, though… Continue reading Online payment fraud attempts see 73% increase