The Newest Threats To Payment Security: What You Need To Know
So long as there are financial accounts to hack, you can be sure there will be hackers, constantly unleashing new nefarious methods on unsuspecting consumers and businesses. And the best way to defend against those hackers is to know what methods and technologies they’re using to attack others.
One of the most frequently used methods from the cyber fraudster’s toolbox is a thing called “masking,” whereby the criminal manipulates his identifying information online to get around security. Most security systems defend against the bad guys by checking their geographic location via IP address, along with some facts about the computer they’re using (Windows or Linux, IE or Firefox) to establish a risk profile. But masking defeats that method by replacing good information with bad.
Even worse for accountholders, hackers are getting better and better at masking. However, some security specialists are countering the bad guys by distributing up-to-date information about their latest methods. And that’s where ThreatMetrix comes in.
“Protecting Against Advances in Web Fraud,” ThreatMetrix’s latest white paper, explains how organized hackers and fraudsters are using VPN masking and targeted phishing to commit fraud on merchants, payment services and financial institutions, and describes new technologies that can identify and defeat those threats.
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