Human Factor Security expert Robin Lennon Bylenga advised that in building an internal threat management program, it is imperative to not send mixed messages to the broader workforce. It's wise to conduct an assessment of human risk - not just IT risk, she said.
Synthetic ID fraud has moved beyond business-to-consumers to business-to-business fraud as more bad actors are opening fraudulent commercial accounts at financial institutions, said Dori Buckethal, vice president of risk and fraud solutions at Thomson Reuters.
Cybercriminals continue to rely on proven attack methods while developing new ways to infiltrate digital environments and break through your human defense layer.
But how can you reduce your organization’s attack surface? We looked at 12.5 million users across 35,681 organizations to find out.
In this webinar...
Now that the long-awaited FedNow faster-payment program is operating, experts debate whether U.S. financial institutions will embrace the payment ecosystem and whether the Federal Reserve and the banking industry can overcome implementation challenges and mitigate cybersecurity and fraud issues.
FedNow, the Federal Reserve's first instant payment service, officially launched on Thursday. FedNow so far has 35 banks and credit unions and 16 service providers certified to use the service, including community banks and large lenders such as JPMorgan Chase and Bank of New York Mellon.
Cybercriminals are leveraging Google's paid advertisement service to push malicious sites on top search results in order to trick victims into downloading info stealers and backdoors. Researchers suspect it could be a workaround for the changes Microsoft made to protect against malicious macros.
Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
Spanish law enforcement officers scored several recent wins against cybercriminals this month. Police nabbed a Ukrainian hacker on the run for 10 years, arrested a fraudster known to have run a smishing campaign that amassed 1.2 million euros, and broke up a phishing nexus - all in two weeks.
The administrator of the now-defunct BreachForums has pleaded guilty to two counts of hacking and one count of child pornographic possession. Conor Fitzpatrick, 20, operating under the moniker Pompompurin, made nearly $700,000 running the criminal online forum for just under a year.
This week, an IT security worker was sentenced for impersonating a ransomware gang, Deutsche Bank and other financial institutes were hit by Clop ransomware, USB drive malware attacks are on the rise in 2023, and a gaming company is investigating data breach claims and resetting users' sessions.
Between July 6 and 13, Multichain saw unauthorized outflow of $125 million, the DOJ announced its first DeFi smart contract-focused indictment, Silk Road boss Ross Ulbricht's aide and two others were sentenced, and the FTC and SEC turned up the heat on Celsius.
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
A new malware campaign powered with multistage attack methodology is targeting businesses in the LATAM region using specially crafted modules. The newly identified Trojan, dubbed Toitoin, follows a six-stage attack plan in which each stage is custom-designed to carry out malicious activities.
Legacy DLP is broken due to excess complexity, extended time to value and misalignment with security and business goals, said Next's Chris Denbigh-White. Addressing insider threats in a meaningful way is one of the biggest data protection challenges for organizations, he said.
The world is moving on from magnetic stripe payment cards, with one notable exception: the United States. Credit card issuers, banks and consumers agree the magnetic stripe is prone to hacking - so why is one of the largest markets for plastic payment still clinging to decades-old technology?
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