When it comes to card-not-present transactions, security is constantly a moving target. Between February and April, the peak period when COVID-19 was spreading across much of the US, cyber-attacks against the financial sector were reported to have risen by 238%. The exponential growth of digital payment transactions, combined with the increasing variety of customer-facing devices and payment applications, has many financial institutions re-evaluating their approaches to cybersecurity.

Account takeovers (ATOs), also known as “account hijacking,” are a type of fraud that’s on the rise these days! This type of attack is attractive to hackers due to the financial return and the ease of such an attack: user account takeover is relatively low cost and has a high success rate. Additionally, there are many means to make money off an account that has been taken over, or in using it to perform more advanced attacks.

A 64-year-old man has pleaded guilty in a Texan court to charges of money laundering after a series of attacks that defrauded companies out of hundreds of thousands of dollars. Kenenty Hwan Kim (who sometimes went by the name Myung Kim) took advantage of a simple trick that has proven highly effective to fraudsters in recent years. The method of tricking businesses into handing over large amounts of money is known as Business Email Compromise (BEC), and comes in a variety of flavours.

On Monday, May 4th, **FINRA (Financial Industry Regulatory Authority), issued a warning to financial companies stating that a new email phishing campaign was doing the rounds. According to the regulator, the campaign is ongoing, widespread, and made to look as though the emails are coming from FINRA itself.

You don’t need us to tell you that fraud and financial crime is on the rise. A quick google search will give you endless stats to support this claim. Fraud losses are increasing as a percentage of revenue, and that direct impact on the bottom line isan area of laser focus for senior execs.

By this stage, everyone is familiar with the phrase ‘social distancing’ and what it means with regards to shopping trips and exercise outdoors. Social distancing, as we all know by now, was introduced to slow down or, more hopefully, stop the spread of Coronavirus. Many companies are taking steps to enable as many people as possible to work from home.

Security researchers observed that digital attackers are increasingly incorporating the reCaptcha API into their phishing campaigns. Barracuda Networks explained that malicious actors are starting to outfit their phishing attempts with reCaptcha walls so that they can shield their landing pages from automated URL analysis tools as well as add a sense of legitimacy to their operations. Some of these efforts have consisted of deploying a fake checkbox and form.

Email scams are nothing new, just about everyone has heard of that one Nigerian Prince for example, but there is another phishing scam doing the rounds and unsurprisingly it is Coronavirus flavoured. Gmail users alone are being targeted with up to 18 million phishing email hoaxes every single day. Of course, it doesn’t end there with ‘regular’ email users – healthcare professionals are being targeted also.

Slack is a cloud-based messaging platform that is commonly used in workplace communications. It is feature-rich, offering additional functionality such as video calling and screen sharing in addition to a marketplace containing thousands of third-party applications and add-ons. Slack Incoming Webhooks allow you to post messages from your applications to Slack.

The menace of coronavirus pandemic is accelerating significantly and hackers are capitalizing the element of fear to collect shear currency. They are creating thousands of websites as baits. According to the Check Point Research report, threat actors are registering phony COVID-19-related domains and selling them on discounted off-the-shelf malware on the dark web. In this article, we will delve into some essential details regarding the coronavirus-related bait sites. Here is some help.