Fraud

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Fraud

Lovers hugging under the umbrella on a rainy day showing scammers breaking hearts on Valentine's Day

Scammers Are Doing More Than Just Breaking Hearts This Valentine’s Day

February 11, 2020

Love is in the Cloud as millions of people are looking to meet their match online. However, Cupid isn't the only one taking aim at people seeking love on dating apps during this time of year. Catfishers and scammers are on the prowl, taking advantage of those looking for love. Read More

Cyber Security Insights

Gift Cards: The Fastest Gift this Season May Lead to Even Faster Fraud

December 25, 2019

The convenience of digital gift cards comes with added vulnerability as cybercriminals and bad actors have found particularly devious ways of defrauding both the buyers and sellers. Read More

Graph lines on binary code showing SWIFT fraud on the rise

Cyber Security News

SWIFT Fraud On the Rise According to EastNets Survey Report

December 11, 2019

Recent survey on 200 banks worldwide found 4 in 5 of them had experienced at least one SWIFT fraud attempt since 2016, and the problem appears to be growing. Read More

White color Amazon gift card in red box showing danger of gift card fraud

Cyber Security Insights

Gift Cards: Everyone’s Favorite Gift, Especially Criminals

November 22, 2019

Because gift cards are widely accepted, equivalent to cash, and mostly anonymous, the industry is the target of many criminal schemes. How do you avoid becoming a victim of gift card fraud? Read More

Hands in handcuffs using laptop showing how technology has transformed insider fraud and yet being used in fighting back

Cyber Security Insights

How Technology Transformed Insider Fraud – and How New Technology Is Fighting Back

August 7, 2019

With the aid of technology, insider fraud has outranked all other forms of fraud for modern businesses, ironically the companies are also using it to pre-emptively stop fraudsters in their tracks. Read More

Credit card with chain and lock showing the use of AI to fight online payment fraud while making improvements to avoid false positives

Cyber Security Insights

What AI Can (and Can’t) Do Right Now to Fight CNP Fraud

April 24, 2019

Find out what's the current capabilities of AI in the fight against online payment fraud, where human expertise fits into the current fraud-prevention ecosystem, and what’s on the horizon as AI improves. Read More

Currencies banknotes and coins showing evolution of cyber threats to international payment flows

Cyber Security News

New SWIFT Report Details Cyber Threats to International Payment Flows

April 23, 2019

Recent SWIFT report shows an evolution of cyber threats to international payment flows with cyber criminals becoming increasingly sophisticated in evading detection when carrying out fraudulent payment transactions. Read More

Businessman using mobile smart phone with magnifying glass showing many ways which mobile opens the door for fraud

Cyber Security Insights

Understanding the Many Ways that Mobile Opens the Door for Fraud

April 10, 2019

With mobile comes great opportunities both for consumers and businesses, but also for criminals. Over half of businesses surveyed in the Sixth Annual Fraud Report from IDology experienced an increase in mobile fraud. What is the cause? Read More

Hand with smart phone and laptop doing online shopping showing the account takeover fraud problem

Cyber Security Insights

Account Takeover Fraud Is the New Normal … You Can Fight It Without Losing Good Customers

January 23, 2019

Account takeover fraud is on the rise, and businesses and banks are bearing the costs. Because ATO fraud looks like activity by a trusted customer, detection can be difficult – but it is possible. Here's what businesses need to know to fight takeover attacks without declining good orders. Read More

Human hand on the keyboard of notebook in the darkness. showing cyber fraud by Chinese hackers

Cyber Security News

Cyber Fraud by Chinese Hackers Makes Headlines in India

January 21, 2019

Chinese hackers have just pulled off one of India’s biggest cyber fraud ever by convinceing the head of a local Indian subsidiary of an Italian firm to wire $18.6 million from bank accounts in India to a bank account in Hong Kong. Read More