According to the Hacked Website Report by Sucuri, the number of websites getting compromised by hackers is increasing every year. The damage related to cybercrime is expected to hit $6 trillion by the end of 2020. If you are planning to launch an eCommerce website or already running a successful one, you must have to upgrade the security of your website regularly. Here, I am sharing some useful ways to keep your eCommerce site safe from hackers and fraudsters.

YouTube, the world’s top provider of streaming multimedia content, keeps reaching new heights in terms of its popularity. Nearly two billion monthly users and five billion videos watched every single day – these impressive statistics speak for themselves, and the numbers are steadily growing year over year. Everybody loves YouTube and so do cybercriminals, only in their very own nefarious way.

Netskope Threat Research Labs has recently discovered a new technique being used by scammers to reach potential victims: send emails and SMS messages that include links to common services, such as AWS, Azure, Alibaba cloud, and Google Docs. We have seen this technique used for well-known scams, like fake pharmacies, dating sites, and tech support, which seek to steal PII or blackmail victims.

In 1985, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) originally formed to enable the National Commission on Fraudulent Financial Reporting. COSO’s original goal, to review causal factors leading to fraudulent financial reporting, ultimately evolved as more technologies became embedded in the process.

The US Federal Bureau of Investigations (FBI) includes the following in its definition of Internet fraud/web-based crime: phishing scams, data breaches, Denial of Service (DOS) attacks, email account compromise, malware, spoofing, and ransomware (among others). These activities cost the average global enterprise $2M in 2017 (out of the average $11.7M total cost for cybersecurity), according to last year’s “Cost of Cyber Crime” report from Accenture and the Ponemon Institute.

Cary, NC (Oct 22, 2018) - Analytics giant SAS has joined forces with leading digital identity solutions provider ThreatMetrix®, a LexisNexis® Risk Solutions Company. The alliance will help creditors better establish the “who” behind online credit applications, giving them a new edge in rooting out fraud, identity theft and synthetic identities. Today’s consumers expect to apply for credit at any time and from anywhere.

We are all no doubt aware of phishing. That age-old practice of sending fraudulent emails with the hope of gaining financial details, obtaining account credentials or tricking a user into installing malicious software. The practice is not new. In fact, before the wide-spread use of the internet, people would often receive letters claiming that they had won some sort of competition and to claim their prize, all they had to do was send some cash to front the delivery costs.

There seems to be no shortage of news around cybercrime and fraud at financial services institutions. The latest involves a security breach at one of the oldest cooperative banks in India. Within 24 hours of the FBI issuing a global alert around an ATM cash-out threat, the bank suffered a breach. Hackers executed 12,000 transactions and stole $13.5 million from the bank’s accounts via ATMs in Canada, Hong Kong, and India.

The U.S. Government’s Federal Bureau of Investigation (FBI) released an open administration declaration this week cautioning that ‘business email compromise’ (BEC) scamming emails are on a dramatic increase Globally.