Tagged: cybercrime

November 8, 2022 @ 11:40 am By Omar Faridi  |  

Since its inception, SEON has been making effective online fraud prevention more accessible for “all businesses operating online.” Now, the company has “taken the next step in that mission by announcing a ‘forever free’ version of its online fraud prevention platform.” The free plan will… Read More

October 25, 2022 @ 3:57 pm By Omar Faridi  |  

Following a cyberattack that hit 7-Eleven at the beginning of August 2022, which initially took the chain’s payment and checkout systems out of operation, “a new mobile card payment solution was quickly rolled out in less than a day” through a collaboration with Nets and… Read More

October 10, 2022 @ 10:11 pm By Omar Faridi  |  

Visa Inc. (NYSE:V), the leader in digital payments, shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously “targeting online and offline vulnerabilities as our daily lives return to a blend of in-person and e-commerce experiences.” Paul… Read More

October 10, 2022 @ 4:03 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on “identifying, validating, mitigating, and neutralizing cyber-crime threats.” Chainalysis’ data platform “equips the alliance with the same investigative tools that have been used to… Read More

September 25, 2022 @ 2:35 pm By Omar Faridi  |  

Account takeover fraud is an alarmingly common type of online crime, which can “affect businesses and individuals alike,” according to an update from SEON. This form of attack tends “to occur when a fraudster poses as an established, genuine client of a business, or as… Read More

September 4, 2022 @ 2:31 pm By Omar Faridi  |  

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

August 22, 2022 @ 8:43 am By Omar Faridi  |  

The past 12 months have seen phishing attacks rise 29% globally to reach a new record of 873.9M attacks, with the highest uptake of over 400% in the retail and wholesale industries, according to the 2022 ThreatLabz Phishing Report by ZscalerTM. The United States, Singapore,… Read More

May 17, 2022 @ 9:33 am By Tony Zerucha  |  

Cybercriminals are finding the most victims in the West, according to a study by cybersecurity company Surfshark. The UK tops the list, followed by the US, Canada, Australia, and Greece. Canada had 174 victims per 1M internet users in 2021, roughly eight times less than… Read More

March 24, 2022 @ 3:26 pm By Tony Zerucha  |  

LexisNexis Risk Solutions this week released the results of its latest Cybercrime Report, an analysis of transaction data from the LexisNexis Digital Identity Network in the second half of 2021. The report shows a significant shift to mobile fraud over the last four years, with… Read More

January 30, 2022 @ 8:00 pm By Tony Zerucha  |  

As the company enters its tenth year in operation, digital bank N26 has grown and adjusted with, the times. The company was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and launched their first products in 2015. In 2016 they secured a full European… Read More

January 24, 2022 @ 11:38 pm By Omar Faridi  |  

Binance, one of the leading blockchain and crypto infrastructure providers, is pleased to confirm that it has officially joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation primarily focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance reports that it’s the first… Read More

January 11, 2022 @ 10:47 pm By Omar Faridi  |  

Trulioo, the international identity verification firm, notes that ID verification has three primary use cases: “achieving compliance requirements, reducing fraud and building trust and safety.” Trulioo explains in a blog post that depending on your business and where you operate, you might “prioritize a particular… Read More

January 4, 2022 @ 10:38 pm By Omar Faridi  |  

Salesforce is reportedly requiring clients to implement multi-factor authentication or MFA by February 2022. Salesforce, the world’s largest customer relationship management (CRM) software provider, assists organizations with increasing their revenue and enhance their customer experience. But the vast quantity of high-quality data (like personal and… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

November 1, 2021 @ 10:52 am By Omar Faridi  |  

UK-based Fintech firm Modulr notes that unless you’ve been living in a completely different digital dimension, you can’t have “failed to hear about the data breaches and high-profile phishing scams that have been hitting the recent headlines.” The team at Modulr writes in a blog… Read More

October 6, 2021 @ 9:28 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis reveals that it’s acquiring Excygent, a specialized professional services company that helps government agencies with cybercrime investigations, data processing, and lead generation. Chainalysis has collaborated with the Excygent team in order to support government agencies in investigating various high-profile cyber cases,… Read More

August 9, 2021 @ 8:36 pm By Omar Faridi  |  

Carole House, Director of Cybersecurity with the White House National Security Council, recently discussed online security issues at the FinCrime Virtual Week. Blockchain security firm CipherTrace notes in a recent update that headlines such as the Colonial Pipeline Ransomware attack indicate that cybercrime is “on… Read More

July 28, 2021 @ 11:34 pm By Tony Zerucha  |  

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for… Read More

July 21, 2021 @ 7:16 pm By Tony Zerucha  |  

New data released this week by Kaspersky shows even Africa is not immune from cyber attacks. While not considered a hotbed of financial opportunity, many African countries are seeing attacks at rates similar to the global average of one out of every 10 computers in… Read More