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Fraud

The Blurred Lines Between Payment Fraud and Cybercrime: Implementing Robust Security Solutions to Stay Safe Online

Once upon a time, there was a small business owner named Alice, who fought to keep her retail establishment afloat amid the stormy seas of a global pandemic. Like many other merchants, she embraced the digital revolution and moved her store online. This allowed her to reach more customers and keep her business buoyant. Her store, Alice’s Wonderland, offered a vibrant range of local handicrafts that started garnering attention on social media. It was a tale of small business success.

Salesforce Becomes the Latest Platform to Unwittingly Aid Phishing Scammers

Cybercriminals used the legitimacy of Salesforce’s email gateway to bypass security scanners and target Meta customers in an effort to steal Facebook credentials. One of the initial challenges any phishing attack has is to make it past security measures designed to scan and identify malicious emails. One such way is to misuse a legitimate well-known platform’s outbound sending of emails.

What Is Call Spoofing?

Call spoofing is when someone, usually a scammer or cybercriminal, disguises their caller ID information to hide who they really are. Call spoofing can also spoof the cybercriminal’s location to make it appear as if the call is coming from a specific location. With call spoofing, the caller will pretend to be someone they’re not to convince the individual to provide them with their personal information.

INETCO in the News: AI and Machine Learning as a Solution to the EBT Fraud Epidemic

Ali Solehdin – The Banking Exchange In 2022 alone, the Supplemental Nutrition Assistance Program (SNAP) distributed over $113.9 billion to nearly 22 million households across the United States. This figure represents an increase of over $5 billion from the year prior and nearly a $40 billion increase from 2020. Unfortunately, as the SNAP allocation has increased, criminals — from individuals to organized crime rings — have stolen an increasing share of these benefits.

New PCI Password Requirements Could Be the Impetus for Credential Harvesting Scams

As the retirement countdown for the current version of PCI is now less than six months, a new standard for password length, complexity, and change frequency may create some risk. Valid credentials have become a very hot item, as threat actors realize the low risk and high value of simply becoming an Initial Access Broker (rather than performing an entire cyber attack themselves).

Wordfence Becomes the Latest Brand to be Impersonated Putting 800 Million Sites at Risk

With its wide use and trusted state among Wordpress developers and website admins, a new campaign impersonating the website security brand could put hundreds of millions of websites at risk. Today, it's estimated there are over 810 million websites that run on Wordpress. One of Wordpress’ most used plugins is Wordfence – a security platform made specifically for the website platform.

Unraveling the Tactics and Impacts of Account Takeover Fraud

It’s the third day of your long-awaited vacation. While relaxing at the beach, you hear a not particularly welcome chime on your phone (because who takes a vacation from their phone), indicating a new email notification. Your bank notifies you that a significant transaction has been made on your account― a purchase you immediately realize you didn’t authorize. Your heart pounds as you log into your banking app only to find your account empty.