Online account origination fraud has grown 30% since 2017, with $1.3B losses in 2018. The increase in losses has a lot to do with fraud rings switching from automated attacks to human workers who submit applications manually - this is because nothing solves a CAPTCHA like a human.
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Numerous industries, including financial services, rely on transaction-based controls to help spot and block fraud. But increasingly, organizations are also using session-based fraud detection and prevention.
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Why and how adoption of session-based fraud detection has been...
In the last several years, Financial Services organizations have undergone rapid digital transformation. They rely on social media and digital platforms to generate brand awareness, provide online banking and other financial services, and to offer support and services to customers. This has created new avenues and...
The latest edition of the ISMG Security Report features a summary of alarming new findings about the ability of the U.S. to counter a nation-state malware attack. Plus, a discussion of "fusion centers" at banks and an update on the targeting of Webstresser subscribers.
Hundreds of suspected customers of Webstresser, a DDoS stresser/booter site that was disrupted last year, are being visited by law enforcement agents and may see jail time. The police message: Using darknet cybercrime services doesn't guarantee anonymity, even if you pay with bitcoin.
A U.K. court has sentenced Daniel Kaye, 30, after he admitted launching DDoS attacks against Liberia's largest telecommunications company in 2015 and 2016. A rival internet services provider paid Kaye $100,000 to launch the attacks.
Fifteen of the world's biggest "stresser/booter" services, designed to enable users to launch DDoS attacks against sites on demand, have been shut down, and three men who allegedly ran such services have been charged.
With hundreds of thousands of implementations across the globe, Enterprise Resource Planning (ERP) applications are supporting the most critical business processes for the biggest organizations in the world. This report provides insights into how the threat landscape has been evolving over time for ERP applications,...
If 2017 was the year of ransomware innovation, 2018 is well on its way to being known as the year of cryptocurrency mining malware. Numerous studies have found that the most seen malware attacks today are designed for cryptojacking. But while ransomware campaigns may be down, they're far from out.
Police recently arrested the suspected administrators and top users of the stresser/booter service Webstresser.org. Unfortunately, the plethora of such services means the world is unlikely to see a reduction in DDoS attack volumes, says Darren Anstee of Arbor Networks.
Cyber extortion group Rex Mundi has been shut down following the arrest of seven suspects in France and a French national in Thailand, police say. Investigators began pursuing the group last year after it stole customer data from a British firm and demanded $770,000 to not publicly release it.
Police have taken down Webstresser, a leading stresser/booter service tied to 4 million on-demand DDoS attacks, which could be used for as little as $15 per month. Six of the site's administrators have been arrested, as have some of the site's top users, authorities say.
The U.S. Federal Government wants its agencies to modernize their IT systems, primarily by maximizing the use of cloud platforms. But IT teams are finding this transformation challenging. Investing in IT modernization can lead to more agility, improved resilience and security and, in the long term, better citizen...
Art Coviello, ex-CEO of RSA, is concerned about fraud trends and social media vulnerabilities. But he also is bullish on the opportunity for artificial intelligence and DevOps security to stop attacks before they cause harm.