Moving out of the pan and into the fryer for consumers, cyberattacks seem to be inevitable for today’s tech savvy economy. We explore recent cyberattacks and what it may take to win back the trust of consumers.
This week’s Data Drivers delves into the alarming rise in call center fraud attacks — think triple digit percentage gains in the past year alone. Matthew Williams, VP of Engineering at Next Caller, gives the 411 on this new, favored fraudster target.
The conspiracy theorists may be right this time: Cybercriminals could use the Amazon Echo to spy on them. A British security researcher demonstrated how he — or anyone — could install malware on an older Echo device (sold before 2017) to stream audio from the hacked device to his remote server.
PYMNTS had the unusual opportunity to speak with the self-proclaimed CFO of an international fraud syndicate that traffics stolen credit card credentials. By this executive’s account, it turns out that running a fraud syndicate is pretty much just like running any other business, complete with risks, investors, partner expenses, and bad employees.
This year, spending on IT security efforts to help avoid future cyberattacks will reach an all-time high, according to new research data.
On Monday (Aug. 14), the U.K. cybersecurity researcher pleaded “not guilty” to the federal charges, Reuters reported.
FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. through fake eBay transactions.
In London, police have made an arrest of a man suspected of setting up a so-called “boiler room” for selling false cryptocurrency to various investors. The official charges, as reported by the Financial Times, include conspiracy to defraud as well as money laundering.
RBS CEO Ross McEwan told The Daily Mail that banks may not always need to shoulder the blame and the financial responsibility if customers are the ones who lack cybersecurity smarts and dole out details — of the personal kind — to online bad guys.
Your clever password, dotted with capital letters, numbers and symbols isn’t so clever after all. The man who wrote the book on crafting uncrackable passwords now tells the Wall Street Journal that he was all wrong: short and goofy-looking isn’t the key to better security. Longer phrases written in simple text are a more secure way to go.
Fraudsters are good at what they do. Payments got faster, but so did criminals. Banks built more defenses, and bad guys jumped over them with glee. But Uri Rivner, BioCatch co-founder, head of cyber strategy and vice president, said in a recent webinar with PYMNTS’ Karen Webster that things are getting better — and the U.S. has a chance to learn from the U.K.’s mistakes.
Venerable retailer. Iconic name. Easy mark for online fraud and a knockout to the bottom line? Yes, if manual review means missing warning signs of fraudsters while turning away good orders, as boxing equipment vendor Everlast found in its move toward eCommerce. Radial Senior Product Manager Bryan Heron weighed in on how Radial helped Everlast get off the canvas and improve its online approval results.
In today’s fast-moving, tech-infused retail arena, one of retailers’ top vulnerabilities centers around their ability to data security. As such, it should come as no surprise that most retailers are very protective of any information exchanging virtual hands.
Biocatch just shared news of securing a new patent, Device, Method, and System of Detecting Remote Access Users and Differentiating Among Users.
A virtual lynch mob has swarmed the Facebook page of the Budapest Transit Authority (BKK in Hungarian), leaving more than 45,000 one-star reviews after the BKK arranged for the arrest of a helpful teenage “hacker” who exposed a loophole in its payments system.