Fraudsters revive old tactics mixed with modern technology

Threat actors continue to probe the payments ecosystem for vulnerabilities and were successful in conducting fraud schemes affecting multiple financial institutions, technologies, and processes, according to Visa. The resurgence of physical theft Scamm… Continue reading Fraudsters revive old tactics mixed with modern technology

Cybercrime stats you can’t ignore

In this article, you will find excerpts from various reports that offer stats and insights about the current cybercrime landscape. Behavioral patterns of ransomware groups are changing GuidePoint Security | GRIT Q1 2024 Ransomware Report | Ap… Continue reading Cybercrime stats you can’t ignore

Triangulation fraud: The costly scam hitting online retailers

In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merch… Continue reading Triangulation fraud: The costly scam hitting online retailers

Visa extends its digital wallet capabilities to minimize the risk of fraud

Visa announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay to revolutionize how businesses manage transactions globally. The innovation enables financial insti… Continue reading Visa extends its digital wallet capabilities to minimize the risk of fraud