Data Theft news and trends

FTC Warns of ‘Massive Jump’ in Online Job Scams
Security & Fraud // December 12, 2024

The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000 consumer reports about task scams in the first half of 2024 — a figure that was up from 5,000 in...

Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’
Security & Fraud // October 10, 2024

The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America said in a Thursday investor note, Seeking Alpha reported Thursday (Oct. 10). The financial institution’s note...

Report: Disney Cuts Ties With Slack After Data Heist
Security & Fraud // September 19, 2024

Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ) reported Thursday (Sept. 19), citing an internal memo reviewed by the news outlet. That memo...

Guarding the Gate: Cyberattacks Won’t Stop, But Their Fallout Can Be Prevented
Cybersecurity // August 29, 2024

Most businesses have a target on their back. And for good reason — their data and credentials are incredibly valuable to fraudsters, especially when it comes to large enterprises. Against this backdrop, credential theft has become the emerging initial attack vector of choice for many...

Interviews & Exclusives
2024 Is Already the Year of the Cyberattack

July 04, 2024
It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches. That’s because, as the world goes digital, fraudsters are constantly probing modern, multifaceted attack surfaces for vulnerabilities. But with the news Tuesday (July 2) that auto dealership software provider CDK Global has “substantially all” of its car dealership customers back […]

Protecting The Youngest — And Most Vulnerable — ID Theft Victims

October 18, 2019
Fraudsters are preying on children, pilfering Social Security numbers and other data to commit identity theft, run up charges and ruin credit. Zac Cohen, general manager of Trulioo, tells Karen...

Quick Reads
FTC Warns of ‘Massive Jump’ in Online Job Scams

December 12, 2024
The Federal Trade Commission (FTC) is warning consumers about a “massive jump” in a form of online job scams called “task scams.” The FTC received 20,000 consumer reports about task scams in the first half of 2024 — a figure that was up from 5,000 in the full year 2023 and up from 0 in 2020, […]

Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’

October 10, 2024
The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America...

Report: Disney Cuts Ties With Slack After Data Heist

September 19, 2024
Disney reportedly plans to stop using workplace collaboration platform Slack following a recent data breach. Chief financial officer Hugh Johnston announced the change this week, the Wall Street Journal (WSJ)...

IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams

July 16, 2024
The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners — a group of state tax...