Asia's Source for Enterprise Network Knowledge

Monday, March 27th, 2017

fraud

Less than half of APAC consumers trust businesses to protect their financial and payments data

Among Asia Pacific respondents, only 46% of consumers trust businesses (e.g., stores, online shopping sites, restaurants) to protect their financial and payments data.

10 top holiday phishing scams

It always happens at this time of the year - an influx of holiday related scams circulating the internet. Scams don't wait for the holidays, but scammers do take advantage of the increased shopping and distraction when things get busy to take your money and personal information.

Five tips for protecting your brand on social media

79 percent of information security leaders believe that their security processes for Internet and social media monitoring are nonexistent, partially deployed or inconsistently deployed.

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

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

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

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

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

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

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.