Security & Fraud

Security & Fraud
How To Stop Online Fraud: Crush The Fraudsters’ ROI
July 07, 2021

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...

Security & Fraud
Weekend Cyberattack May Not Be Over, Report Says
July 06, 2021

President Joe Biden has said the U.S. appears to have avoided much damage to businesses in the recent ransomware attack, which was the biggest on record, the Associated Press (AP) wrote Tuesday (July 6). The company that saw the software breach affected less than 1,500...

Security & Fraud
Sweden’s FSA Probes Klarna Over Customer Info Breach
July 05, 2021

Payments firm Klarna is under the microscope of Sweden’s financial watchdog, over reported violations of security laws, Reuters reported Monday (July 5). On May 27, for around 30 minutes, users of Klarna were able to see other users’ data. The report said that data didn’t...

Security & Fraud
Hackers Ask $70M For Business Data From Supply Chain Attack
July 05, 2021

As many as 1,500 companies worldwide were hit by a ransomware attack on Kaseya, a U.S.-based information technology firm, a report from Reuters reported Monday (July 5). Due to the nature of the attack, in which those primarily victimized were mostly customers of Kaseya’s customers,...

Security & Fraud
Germany Denies Reports Of Cyberattack On ‘Critical’ Infrastructure, Banks
June 30, 2021

A cyberattack on German data service provider that works with government groups wasn’t a part of a larger, more comprehensive attack, according to Bloomberg. According to industry spokesman Steve Alter, the attack was dealt with promptly and was “marginal,” according to the report. He said...

Security & Fraud
New Trial Pending As DOJ Files More Charges Against Capital One Hacker
June 30, 2021

The U.S. Department of Justice (DOJ) has postponed the Capital One trial against alleged hacker Paige A. Thompson following new charges after additional victims were revealed, The Record reported Wednesday (June 30). The DOJ filed seven new charges against Thompson, who was a former Amazon...

Security & Fraud
Bipartisan Bill Targets Federal Cybersecurity Workplace Shortage
June 30, 2021

A bipartisan bill has been introduced to address the shortage of cybersecurity staff within the federal government, CNBC reported. The new bill is headed for the House floor and will allow experts to work among different federal agencies with the goal of creating a uniform...

Security & Fraud
FBI Takes ‘Aggressive’ New Approach To Cyberattackers
June 30, 2021

The FBI has begun to take a more aggressive approach to ferreting out cyberattackers, a move that has some civil liberties advocates concerned. According to Bloomberg News, the agency’s change in tactic may be rooted in an attack by state-backed Chinese hackers who got into...

Security & Fraud
Google Taking Steps Against Financial Fraud In UK
June 30, 2021

Google has announced new measures to protect users and advertisers against fraud and scammers in the U.K. Beginning in September, financial service advertisers will be required to show they are authorized by Britain’s Financial Conduct Authority (FCA) or that they qualify for one of the...