Security & Fraud

Security & Fraud
Clubhouse CEO Denies Report Of Data Leak For 1.3 Million Users
April 11, 2021

Paul Davison, the CEO of new audio social media app Clubhouse, says there were no leaks of personal user data, in contrast to a report claiming there had been recently, The Verge reported. A Cyber News report said that users’ data, including users’ IDs, names,...

Security & Fraud
EU Institutions Hit With ‘Significant’ Cyberattack
April 06, 2021

A number of European Union institutions — among them the European Commission — were the target of a “significant” cyberattack last week, Bloomberg reported on Tuesday (April 6). A commission spokesperson told the news organization that several EU bodies were attacked in an “IT security...

Security & Fraud
Jumio CEO: Helping FIs Solve Digital Identity’s ‘Last Mile’ Problem
April 05, 2021

As so much of daily life and transactions move online, the digital-first economy is not without its new challenges. For example, the problem of identity theft is widespread — and to get a sense of scale, the Federal Trade Commission (FTC) has estimated that last...

Security & Fraud
NuData: Passive Biometrics Help Battle SIM Swap Fraud
April 05, 2021

At first glance, it seems so retro. Subscriber Identity Module cards, better known as SIM, used to be an easily removable portable memory chip that acted as the brain of a mobile device. They’re still the brain, and although consumers don’t need to swap them...

Security & Fraud
UK’s Law Enforcement Expects Uptick In Crypto Fraud
April 04, 2021

England and Wales’ chief criminal investigations agency, the Crown Prosecution Service, is preparing for an increase of prosecutions tied to cryptocurrency-related scams, the Financial Times reports. “Whilst schemes using high investment returns have been used for decades, I think we will see increasing numbers,” Crown...

Security & Fraud
Facebook Hack Revealed; Data On 533 Million Users Breached
April 04, 2021

The personal data of 533 million Facebook users, including phone numbers and emails, has been leaked, The Verge reported. The leak included “personal information of over 533 million Facebook users from 106 countries, including over 32 million records on users in the U.S., 11 million...

Security & Fraud
To Catch A Thief: Identifying Fraudster Behaviors Before The Act
April 02, 2021

There’s data — and then there’s the information that comes as data is being transmitted. It’s the digital version of body language and it’s all over the Dark Web. It’s awash in bits and pieces of consumer identity like Social Security numbers, names, addresses, schools and passwords. Name...

Security & Fraud
Homeland Security Embarks On Cyber Sprint To Stop Ransomware
April 01, 2021

These days, data is big business. It makes sense then, that ransomware attacks in which data is stolen or encrypted is a big modern category of crime. In fact, the ransomware threat is so significant that Wednesday, the Department of Homeland Security Secretary Alejandro Mayorkas said...

Security & Fraud
India’s Central Bank Demands MobiKwik Examine Alleged Data Leak
April 01, 2021

India’s central bank is demanding that the digital payments firm MobiKwik have an external audit conducted regarding allegations that a hacker stole data from its 110 million users, Reuters reported on Thursday (April 1), citing sources. The Reserve Bank of India (RBI) warned that the...