Latest News
Verizon 2020 Data Breach Investigations Report Released
Verizon released its ‘2020 Data Breach Investigations Report’. The report details key statistics about cybercrime. It states that 67% of breaches are phishing attacks and business email compromise attempts. Specifically, it cites “credential theft” and “social attacks&#
Javelin Releases 2020 Identity Fraud Study
Javelin, a research and strategy consultancy, released its 2020 Identity Fraud Study, entitled ‘Genesis of the Identity Fraud Crisis’. It provides a statistical overview of the scope of the global identity fraud problem, and provides guidance for how organizations can manage it. ‘T
Coronavirus will cause an increase in fraud attacks
Director of the Centre for Counter Fraud Studies at the University of Portsmouth, Mark Button recently released work predicting that the global economic downturn being caused by the Coronavirus will cause an increase in online and eCommerce fraud attacks. He bases his prediction on historical trends
Covid-19 Phishing Attacks On Rise
Fraudsters are increasingly using the Covid-19 crisis in email phishing attacks, according to a new report from Barracuda Networks. According to the report, there were over 9,000 instances of the deadly disease being used in attack emails. That represents nearly 2% of all attacks. In general, phishi
NICE Actimize Awarded FinTech Breakthrough’s ‘Fraud Prevention Innovation’ Award
NICE Actimize won the Fintech Breakthrough Fraud Prevention Innovation Award for its IFM-X Integrated Fraud Management platform. This is the second year in a row NICE won the award. Nominees in the category must address the question of how their company or product differentiates itself in a crowded
Volusion Hack Data On Dark Web
Customer credit card data from a hack of Volusion, an eCommerce platform built specifically for SMBs and use of the Google Cloud Platform, which started on September 7th, 2019 until it was discovered in October of the same year is now for sale on the dark web. It’s believed that the notorious
FBI Releases 2019 Internet Crime Report
The US Federal Bureau of Investigations (FBI) released its 2019 Internet Crime report via a post to its website. The annual report examines criminal cyber activity, including eCommerce fraud. It states that the bureau received an average of 1,300 complaints per day about internet crime, with $3.5 bi
NuData Security Releases the New Criminal Toolbox Report
NuData, a solution that uses device intelligence, behavioral analytics, passive biometric verification, and a behavioral trust consortium to identify eCommerce fraud risk, released a report: The New Criminal Toolbox. The report provides merchants with an overview of ‘off-the-shelf’ tools
Six-Figure Walmart Gift Card Fraud Scheme Busted
Two Chinese nationals were arrested in American Fork, Utah in connection with a Walmart gift card fraud scheme. According to charges filed by police, the scheme impacted 1,379 transactions between January 16th-23rd. Overall, the fraud impacted more than 200 people across 46 US states. The fraudsters
Lexis Nexis acquires Digital Identity Solution Emailage
Lexis Nexis who’s owned by the British Exihibition and Information Services conglomerate RELX (Stock Ticker: REL) recently announced the acquisition of digital identity and fraud prevention solution Emailage. Founded in 2012 and based in the Phoenix metro area with offices across the globe,
