Information Security Media Group recently hosted a Twitter chat on the latest fraud trends featuring analyst Avivah Litan, director of research at Gartner, Read the entire transcript of the #ISMGprotalk Twitter chat.
Internet hygiene is not up to par, say cybersecurity experts Tom Kellermann and Rod Rasmussen, who explain why bad hygiene has led to increased botnet traffic and malware infections.
A Tennessee utility has sued its bank after a $327,000 account takeover incident. This new case shows why institutions must go above and beyond when it comes to detecting and thwarting fraud losses.
No question, the information security community - and all of us at ISMG -- lost a friend with the untimely death of Terry Austin, CEO and President of Guardian Analytics.
Three Americans and three Russians have been indicted in connection with an alleged $1 million account takeover and money laundering scheme involving more than 1,600 user accounts for StubHub, an entertainment ticket service.
One month after an international law enforcement effort targeted the Gameover Zeus banking Trojan, new versions of the malware are being distributed via spam campaigns.
Most organizations that enable users to perform Web transactions (e.g. banks and ecommerce sites) have implemented security controls to address online and mobile fraud. These controls fall into two buckets: transaction-focused intelligence, which looks for anomalous actions, and device-focused intelligence, which...
Remote Access Tools (RATs) allow an attacker to take control over a desktop and use it remotely, opening any application and operating the PC as if the fraudster was sitting next to it. Recently, RAT attacks have migrated from use in nation state and hacktivist operations to online banking fraud. Existing fraud...
Many banks are replacing traditional risk-based secret questions with out-of-band SMS authentication. Beyond the enhanced (perceived) security that comes with out-of-band authentication the major driver for adoption of these technologies is regulation (i.e. FFIEC Guidelines). However, with security and compliance...
Consumers see the advantage of accessing banking capabilities from their mobile device. However, today's mobile devices lack security to stay ahead of the evolving mobile threat landscape. Cyber criminals will continue to target the mobile channel with sophisticated attack techniques and new emerging techniques in the...
Poor Internet hygiene, not increased cybercrime, is what's really to blame for the increased botnet traffic the online world is battling, say cybersecurity experts Tom Kellermann and Rod Rasmussen.
Security researchers say the international takedown of the Gameover Zeus botnet and servers for CryptoLocker ransomware will have a positive short-term impact, but they warn the threats could quickly re-emerge unless key steps are taken.
eBay is urging its 145 million customers to change their passwords following a cyber-attack on a company database that compromised encrypted passwords and other personal information. Learn how and when the attack originated.
The arrests of more than 90 individuals for their alleged involvement in the use of BlackShades malware is a sign of progress in the global fight against cybercrime, but some experts question whether the crackdown will serve as a fraud deterrent.
Fraud Summit - Chicago 2014 - It has been nearly three years since the FFIEC issued updated guidance aimed in part at curtailing incidents of corporate account takeover. Yet, banking/security leaders today say their current anti-fraud investments have done little to reduce fraud incidents or losses. What do the...
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