Response to supply chain attacks has evolved thanks to increased awareness and education, but more work needs to be done to understand how challenges can be addressed more systematically, says Sean Duca, vice president and regional chief security officer, Asia-Pacific and Japan, Palo Alto Networks.
Among the hottest cybercrime trends globally: P2P fraud. JP Blaho of BioCatch discusses the latest scams, including Zelle fraud, and differences in incidents, investigations and regulatory requirements in the U.S. and other global hotspots.
Fraudsters compromised debit card numbers and associated PINs, and possibly names and addresses, of an undisclosed number of Bank of the West customers. Unknown thieves installed skimmers in a "small number of ATMs," the bank's COO, Karl Werwath, tells ISMG.
Insurance claims being filed by ransomware victims are growing as criminals continue to hit businesses with crypto-locking malware. To avoid these claims, organizations can take a number of proven steps to better protect themselves, says Payal Chakravarty of Coalition.
This past holiday shopping season proved to be yet another demanding, but lucrative one. The season was greeted with challenges such as supply chain shortages, and threat actors being especially busy leveraging tried and true methods, as well as some new ones, to take advantage of retailers and their employees. This...
Learn how advanced analytics and machine learning help financial organizations proactively detect and prevent fraudulent payments.
As new payment types proliferate globally, payment and identity fraud is also skyrocketing. In 2021, global card fraud losses hit a staggering $28.58 billion.
To survive and stay...
The holidays are here – a favorite time for financial criminals, especially in today’s digital world. There’s an influx in digital payments: online, mobile, card, ACH, and Zelle – just to name a few – ripe for fraud. In addition, wire fraud will also be on the rise involving charity scams, sweetheart scams,...
A dual U.S.-Canadian national has been sentenced to more than 11 years in federal prison for conspiring to launder tens of millions of dollars in wire and bank fraud schemes, according to the U.S. DOJ. Officials say the activity included cash-out scams for North Korean cybercriminals.
A Ukrainian national who admitted to working as a system administrator and IT manager for the notorious FIN7 cybercriminal gang, which has been involved in the theft of millions of payment cards, has been sentenced to 10 years in federal prison.
Criminals continue to target ATMs with black boxes to run cash-out attacks and use explosives to get cash out of machines. But during the pandemic, most other types of attacks used to target ATMs, payment terminals and point-of-sale devices sharply declined, a new European study shows.
Older ATMs across Latin America are being struck by a new version of "jackpotting" malware, which can cause the machines to dispense cash. The malware, called Ploutus, can cause ATMs made by Itautec, a Brazilian company, to discharge up to $1,700.
The combination of governmental financial support driven by “high unemployment, business insolvency, and disruptions in global
trade patterns” + increased online and remote banking has led to a spike in
Heightened risks made it harder to comply with requirements to combat financing terrorism...
Point-of-sale device manufacturers Verifone and Ingenico have released fixes for flaws in some of their devices after researchers found the vulnerabilities could have enabled attackers to steal payment card data, clone cards or install malware.