The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC), per Public Tableau. U.S. residents have seen $487.92 million lost overall to fraudsters since January 2020, the data showed. There...
REvil, a known Russian hacking group, has gone offline — only days after U.S. President Joe Biden mandated that Russian President Vladimir Putin handle the cybercrime taking place in his country, a report from Decrypt said on Tuesday (July 13). Per Decrypt, The New York...
British police have confiscated close to £180 million — or $249 million — in cryptocurrency, the largest such seizure in the country’s history, CNN reported on Tuesday (July 13). In fact, it might be one of the large confiscations in the world, London’s Metropolitan Police...
Guess, the U.S.-based fashion brand and retailer, has been the victim of a data breach, a report from Bleeping Computer said Monday (July 12). Guess, which operates 1,041 stores in the Americas, Europe and Asia, said that there had been unauthorized access to its system...
The window financial institutions (FIs) have to determine “good” customers from “bad” lasts milliseconds. As fraudsters steal their unwitting victims’ online identities, intercept SMS messages, mask device locations to commit payments fraud, banks and other firms need to be able to spot “signs” hidden in...
“The boat has left the harbor and is in the open seas,” Mastercard Executive Vice President of Security and Cyber Innovation Johan Gerber told PYMNTS’ Karen Webster, adding that the ongoing shift from traditional to digital is set to stick. “I don’t see us ever...
“The criminals are always opportunistic.” Featurespace Senior Vice President of Global Product Management Dena Hamilton told PYMNTS that the scams are proliferating and mushrooming across a variety of vectors. The conversation came amid surges in phishing, smishing and business email compromise (BEC) scams. In some...
Kaseya, a Miami software supplier which helps technology service providers manage computer networks, knew in April about “a cybersecurity vulnerability” used in a massive ransomware attack last week, The Wall Street Journal (WSJ) reported, citing a Dutch security researcher group that discovered the issue. The attack has...
There isn’t much good to be said about the motives and mindset of cybercriminals, given that they tend to be focused on fraudulently depriving others of their hard-earned funds. But, as Fastly’s Sr. Principal Technologist Zane Lackey told Karen Webster, there is one good thing...
