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Sunday, August 28th, 2016

fraud

INTERPOL arrests cybercriminals behind online scam

INTERPOL arrests cybercriminals behind online scam

A group of online fraudsters behind thousands of online scams totaling more than $60 Million and involving hundreds of victims worldwide, have been arrested by the INTERPOL in cooperation with  the Nigerian Economic and Financial Crime Commission (EFCC) and Fortinet in June 2016.

More than 1 in 3 consumers in Singapore hit by card fraud

First iOS trojan exploiting Apple DRM design flaws infects any iOS device

Singapore has the sixth highest rate of card fraud globally, and the third highest in Asia Pacific, according to new ACI Worldwide Global Consumer Fraud Survey.

Accenture launches new analytics platforms that detects and remediate fraud

First iOS trojan exploiting Apple DRM design flaws infects any iOS device

Accenture is launching seven new advanced analytics applications to help organisations more effectively detect and remediate fraud, and ultimately reduce losses to improve their bottom lines. 

1 in 10 internet users have lost money by being targeted online

1 in 10 internet users have lost money by being targeted online

With the diversity and quantity of online financial threats increasing, recent research from Kaspersky Lab and B2B International has found that 48% of consumers have been targeted by scams designed to defraud and trick them into revealing sensitive and financial information for criminal gain.

Bangladesh Bank attackers used custom malware that hijacked SWIFT software

First iOS trojan exploiting Apple DRM design flaws infects any iOS device

The malware deleted transaction records from the database and printed out altered SWIFT confirmation messages, researchers say.

Gemalto ID Verification protects companies against growing threat of ID fraud

First iOS trojan exploiting Apple DRM design flaws infects any iOS device

This integrated suite of tools and services enables swift verification of customer credentials when opening new accounts and subscriptions in-branch or online.

How to recognize an online fraudster

Online fraudster

The capability to profile potential cybercriminals, along with the implementation of chip-and-pin credit cards, may produce a reduction in the amount of money lost to online fraud each year. But that doesn’t mean the threat will go away entirely.

Fraud rate doubles as cybercriminals create new accounts in users' name

Credit Card fraud

To get more value out of stolen personal information, cyber criminals doubled their rate of account creation fraud this summer, according to a report from Vancouver-based NuData Security

Fraud rate doubles as cybercriminals create new accounts in users' name

Web Fraud

To get more value out of stolen personal information, cyber criminals doubled their rate of account creation fraud this summer, according to a report report from Vancouver-based NuData Security

Banking on security innovation to beat the hackers

Web Fraud

Banks are being targeted by cybercriminals, and that looks likely to continue in a world with more data and devices. Are banks being innovative enough with information security to ward off the threats?