Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has unveiled a new frontier of fraud, one where malicious entities and cybercriminals are focused on exploiting the building blocks of digital identity—domain names, hosting services and financial supply chains....
Corporate email accounts are among the most exploitable entry points for scammers. Phishing, ransomware and business email compromise (BEC) attacks cost companies billions of dollars annually, often originating from compromised email credentials. That’s why the news this week (Oct. 30) that Amazon’s WorkMail enterprise email...
First came phishing. Now, consumers and cyberdefenders need to guard against “quishing.” As the Financial Times (FT) reported Sunday (Oct. 27), banks and regulators are warning against the rise of this type of phishing scam, which involves QR codes. Banks such as Santander and HSBC...
OpenAI says hackers connected to the Chinese government attempted a phishing attack on its employees. The artificial intelligence (AI) company revealed the attempt Wednesday (Oct. 9) in a report on its attempts to prevent “the disruptive uses” of its technology. Earlier this year, the report said, OpenAI disrupted...
December 06, 2024
Technology begets opportunity, for both successful companies and fraudsters. And today’s rising tide of cybercrime has unveiled a new frontier of fraud, one where malicious entities and cybercriminals are focused on exploiting the building blocks of digital identity—domain names, hosting services and financial supply chains. Among these threats, business email compromise (BEC) attacks have evolved […]
May 16, 2023
Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to...
April 26, 2023
Today’s sophisticated cyberfraud landscape requires constant vigilance by merchants against the ever-present threat of bad actors. As companies take crucial steps to update their prevention toolkits against increasingly digital and...
December 21, 2022
Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment is the Wirecard case, in...
December 10, 2024
Meta has launched a pre-holiday anti-scam awareness campaign to keep users safe. “Scammers are persistent and try to trick people in a variety of ways — malicious texts and emails, websites impersonating known brands, posts on social media, visual discovery platforms and discussion forums, and more,” the tech giant wrote on its blog Tuesday (Dec. […]
October 27, 2024
First came phishing. Now, consumers and cyberdefenders need to guard against “quishing.” As the Financial Times (FT) reported Sunday (Oct. 27), banks and regulators are warning against the rise of...
October 09, 2024
OpenAI says hackers connected to the Chinese government attempted a phishing attack on its employees. The artificial intelligence (AI) company revealed the attempt Wednesday (Oct. 9) in a report on its attempts to...
August 04, 2024
Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring, enhanced sales/marketing efforts and to...
