Collaborate Disseminate
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion, according to Juniper Research. As a comparison, this equates to over 350% of Apple’s reported net income in the 2021 fiscal year, showing the ma… Continue reading Online payment fraud losses to exceed $343 billion
In the first half of 2022, BioCatch estimates fraudulent transfers to money mule accounts totaled $3 billion and that there are approximately 2 million mule accounts in the US. Additionally, researchers found that the average mule transaction amount is… Continue reading The proliferation of money mules and how behavioral biometrics can combat this form of fraud
INKY researchers disclosed the latest variant of the tried-and-true phone scam, a low-tech phone scam where attackers extract personal information by sending out spoofed emails from what appears to be a legitimate source, with no suspicious links or ma… Continue reading How attackers abuse Quickbooks to send phone scam emails
Seasoned fraud expert PJ Rohall has recently become the new Head of Fraud Strategy & Education at SEON. In this Help Net Security interview, he talks about how he entered the industry, about the evolving fraud landscape, and offers advice to other… Continue reading Who are the best fraud fighters?
Malicious individuals are using stolen personally identifiable information (PII) and voice and video deepfakes to try to land remote IT, programming, database and software-related jobs, the FBI has warned last week. The increasing malicious use of deep… Continue reading Attackers are using deepfakes to snag remote IT jobs
Information is power, and personally identifiable information (PII) is an extremely powerful asset that is fueling the rapid growth of online fraud (also known as the Digital Identity Crisis). PII is any piece of data that someone could use to figure o… Continue reading Evolving online habits have paved the way for fraud. What can we do about it?
Abnormal Security released new research that showcases a rising trend in financial supply chain compromise as threat actors impersonate vendors more than ever before. In January 2022, the number of business email compromise (BEC) attacks impersonating … Continue reading Threat actors increasingly use third parties to run their scams
The latest APWG’s Phishing Activity Trends Report reveals that in the first quarter of 2022 there were 1,025,968 total phishing attacks—the worst quarter for phishing observed to date. This quarter was the first time the three-month total has exceeded … Continue reading How phishing attacks are becoming more sophisticated
Resecurity, Inc. (USA) has identified a spike in phishing content delivered via Azure Front Door (AFD), a cloud CDN service provided by Microsoft. The identified resources in one of the malicious campaigns impersonated various services appearing to be … Continue reading Cybercriminals use Azure Front Door in phishing attacks
In this video for Help Net Security, Nick Ascoli, VP of Threat Research, PIXM, discusses a massive phishing campaign has successfully stolen an estimated five million Facebook accounts. The campaign continues to spread virally through Facebook Messenge… Continue reading Inside a large-scale phishing campaign targeting millions of Facebook users