Collaborate Disseminate
By Owais Sultan
February 15, 2024 – Nexo, the leading institution for digital assets, announced a partnership with Sift, the Leader…
This is a post from HackRead.com Read the original post: Nexo Teams Up with Sift for Enhanced Digital Security an… Continue reading Nexo Teams Up with Sift for Enhanced Digital Security and User Experience
British startup building biometric authentication technology has snagged $6 million in a new round of funding led by Rialto Ventures.
The post Keyless Goes Independent, Raises $6M for Biometric Authentication appeared first on SecurityWeek.
Continue reading Keyless Goes Independent, Raises $6M for Biometric Authentication
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network of over 34,000 sites and apps and a survey of over 1,000 consumers, the inde… Continue reading Payment fraud attack rate across fintech ballooned 70% in 2021
Sift released a report which details the evolving methods fraudsters employ to launch account takeover (ATO) attacks against consumers and businesses. The report details a sophisticated fraud ring that sought to overwhelm e-commerce merchants by innova… Continue reading ATO attacks increased 307% between 2019 and 2021
Scams accounted for 59% of blocked user-generated malicious content during the first quarter of the year, according to a Sift report. The report examines how weaponized content is moving the fraud economy forward, as well as consumer perception of cont… Continue reading Fraudulent content has a direct impact on consumer loyalty
The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in attempted fraud rates and increases in the value of those fraudulent purchases,… Continue reading Fraudulent purchase attempts value increased 69% in 2020
Food delivery apps have taken off during the pandemic, and it looks like fraudsters have taken notice. Fraud detection company Sift said Thursday it has seen a rash of scams within the chat app Telegram that target restaurants and delivery apps for theft. It’s a low-level grift that goes like this: The fraudsters advertise in Telegram forums that they can illicitly buy food orders at steep discounts, around 60%-75% off. Diners send a direct message with a screen shot of their food app shopping cart and delivery address. The diner then pays the fraudster for the discounted meal in cryptocurrency, and the fraudster in turn covers the full cost through a new account, stolen credit card information or a hacked account. Diners get their food at a discount, restaurants are stuck with bogus payments, and the crooks get away with a profit. And all of it happens in a chat […]
The post Food-delivery fraudsters deploy hacked accounts, stolen credit card info to skim from orders appeared first on CyberScoop.
Attempted account takeover (ATO) attacks swelled 282 percent between Q2 2019 to Q2 2020, Sift reveals. Likewise, ATO rates for physical ecommerce businesses — those that sell physical goods online —jumped 378 percent since the start of the COVID-19 pan… Continue reading As ATO attacks surge, consumers expect merchants to protect them from fraud
Account takeover fraud (ATO) attacks are on the rise, up nearly 300 percent since last year. Continue reading Account Takeover Fraud Losses Total Billions Across Online Retailers
As we celebrate Ten Years of Toolsmith and 120 individual tools covered in detail with the attention they deserve, I thought it’d be revealing to see who comes to the very top of the list for readers/voters.I’ve built a poll from the last eight Toolsmi… Continue reading Best toolsmith tool of the last ten years