Stay informed on the latest in information security with updates on fraud prevention, detection techniques, and cyber fraud trends.
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Background for this topic.
Fraud is intentional deception used to obtain money, access, information, or another unfair benefit. In information security, the term commonly covers digitally enabled schemes such as phishing, account takeover, payment fraud, business email compromise, and misuse of stolen identities or credentials. The defining feature is deceptive use of systems, accounts, or data—not merely a technical failure.
Security teams should treat fraud as both an identity and transaction-risk problem. Relevant controls include phishing-resistant authentication, least-privilege access, payment and account-change verification, and monitoring for unusual login or transaction patterns. Personal and financial data require appropriate privacy protections because exposed data can support impersonation even when passwords are not compromised. Investigation must preserve authentication, email, endpoint, and transaction records so organizations can contain unauthorized access, reverse or block fraudulent activity where possible, notify affected parties, and improve controls based on the attack path.
By understanding how FaaS works and following best practices to prevent it, your business can protect its customers, revenue, and brand reputation.
Real-time data sharing with ISPs could stop fraud at scale
Persistent fraud threatens trust in e-commerce
The U.S. Department of Justice (DoJ) has charged Idris Dayo Mustapha for a range of cybercrime activities that took place between 2011 and 2018, resulting in financial losses estimated to over $5,000,000. [...]
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A new set of trojanized apps spread via the Google Play Store has been observed distributing the notorious Joker malware on compromised Android devices
A credit card stealing service is growing in popularity, allowing any low-skilled threat actors an easy and automated way to get started in the world of financial fraud. [...]