Latest News
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,
Esentire Annual Threat Intelligence Report 2020 Released
Esentire, a cybersecurity firm, released its ‘Annual Threat Intelligence Report 2019 Perspectives and 2020 Predictions’. The report provides data and analysis about how to detect and prevent account takeover attacks. Account takeovers, also known as Business Email Compromise (BEC) or
Wawa Data Breach Details Found for Sale on the Dark Web
Customer credit card details stolen during a data breach of convenience and fuel retail store chain Wawa have been found for sale on the dark web, the company said in a statement. Wawa reported the original data breach to consumers approximately three weeks ago. “Today, we became aware of repo
2020 Fraud Detection and Prevention Market Share Report Released
Market Report World, a research service specializing in creating reports that give companies data to inform their corporate planning, released a new report detailing the fraud detection and prevention market in 2020. The report shares new data about the global eCommerce fraud landscape. It includes
