Fraud
Memcyco Report Reveals Only 6% Of Brands Can Protect Their Customers From Digital Impersonation Fraud
Memcyco Inc., a provider of digital trust technology designed to protect companies and their customers from digital impersonation fraud, released its inaugural 2024 State of Digital Impersonation Fraud Resilience report. Notably, Memcyco’s research indicates that the majority of companies do not have adequate solutions to counter digital impersonation fraud and that most only learn about […]
The Latest Threat CISOs Cannot Afford to Ignore—Business Payment Fraud
[By Shai Gabay, CEO, Trustmi] As if the list of things keeping CISOs up at night wasn’t long enough, cyberattacks on finance teams and business payment processes are now a priority because they are in the bullseye of bad actors. According to a 2023 webcast poll from Deloitte Center for Controllership™, more than 48 percent […]
Hacker’s target WhatsApp Work Group for frauds
As WFH culture has picked up, all because of the never ending COVID-19 pandemic, hackers are seen targeting WhatsApp Work Group in order to get details of users and impersonate the group admins to seek fund transfers by seeking alms through personal messages. Law enforcement agencies in America and in countries like India are getting […]
ATMs in the UK are being hijacked by hackers
Automatic Teller Machines, shortly known as ATMs, are being used by hackers to lock down cards on the teller machines so that the hackers can gain control of the cards on digital form and siphon money from bank accounts. Police from the Hertfordshire area have confirmed the crime and admitted that they have received at […]
Visa has been protecting user transactions with AI since 1992
American Financial Company VISA has been investing in various Artificial Intelligence technology solutions since 1992. And has been doing so to detect and prevent fraud in 534 million transactions that take place daily on its platform with VisaNet that has the potential to authorize over 58,000 transaction messages per second and that too in any […]
Dell fails to notify customers on Cyber Attack
Dell has announced late yesterday that it had reset all the passwords of its customers belonging to its electronics store Dell.com on November 14th this year as a precautionary measure to block unauthorized attempt of cyber crooks to extract customer information like email address, customer names and hashed passwords. The highlight of this issue is […]
Google n FBI discover a major ad-fraud campaign infecting 2 million devices
Google in association with the US law enforcement agency FBI has busted a major AD fraud campaign which is reported to have hacked over 2 million devices so far. It’s said that the scam led the hackers to over $36 million earnings from advertising. Cybersecurity Insiders has learned that the search giant indicted charges against […]
Email ransom frauds leading to suicides
Imagine one fine day an email pops out on your screen and presents itself to be from a friend or colleague. But when you click on it, that leads you to a string of vicious threats to destroy your life until a ransom is paid. Well, this is not a storyline from a Hollywood movie […]
UK banks to roll out Name Check Safeguard feature to curb fraudulent transactions
To all those online banking users in the UK, here’s some news to rejoice. At last the banking association in the UK has given a nod to implement ‘Name Check Safeguard’ feature from next year to help fight fraud and alert bank customers to suspicious transactions. Now, to those who aren’t aware of this feature- […]
Tips to stay Cyber Safe for Thanksgiving, Black Friday and Cyber Monday
Americans are expected to spend a total of $929 billion on this year’s deals related to Thanksgiving, Black Friday and Cyber Monday and this prediction were provided by eMarketer- a New York-based market research company which provides insights and trends related to digital marketing, media, and commerce. So, its obvious that all the millions of […]
