Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

MSB services have come to the rescue of many, who can’t access banks immediately and want to transfer money or carry out trade exchanges. So, it surely provides time and place convenience. We all know MSB services include cash acceptance for a transaction or currency exchange, global remittance services, check cashing outlets, and facilitating payments between payer and provider without the performing KYC verification.

Christmas shopping season is a lucrative time of year for cybercriminals. In the UK alone, shoppers lost more than £15 million to fraud in the run-up to Christmas 2020. Of this, £2.5 million was lost over a single weekend: Black Friday to Cyber Monday. Online shopping scams are expected to ramp up ahead of Black Friday this year, too. Card cracking is particularly high risk, as heightened traffic volumes make it more difficult for many retailers to detect high volume brute force attacks.

As everyone has surely heard by now, Elon Musk has bought Twitter. The controversial tech maverick's takeover of the site has caused some consternation for the site's users, employees, and advertisers - and has also proven a golden opportunity for scammers. Numerous verified Twitter users have reported receiving phishing emails from fraudsters, purporting to be a legitimate message from the website.

The Biden administration formally started the application for federal student loan forgiveness on Monday, October 17th, 2022. Recipients who qualify are eligible for the discharge of up to $10,000 of their loans for non-Pell Grant recipients and up to $20,000 for Federal Pell Grant recipients.

It might seem like ‘the cloud’ has well and truly established itself as the de facto deployment choice. However, the market for cloud computing is still expected to grow – a lot – in the coming years (from $371.4 billion in 2020 to $832.1 billion in 2025). How can this much growth still be possible for a fairly mature market?

It will not come as a surprise to you that fraud and financial crime is continuing to challenge organizational business and cyber resiliency plans. Odds are you have dealt with fraud firsthand, or know someone experiencing the pains caused by fraud. Back in 2020 we shared some thoughts about how we believe leveraging a data platform like Splunk can help you gain more anti-fraud value and insights from your data and showed how you can determine what your data is worth.

Digitalization has catapulted customer purchasing transactions to an unprecedented level. Online transaction payment methods have become so convenient that they have led to an unstoppable buying spree by consumers. These days there is nothing that can stop a desirous buyer from purchasing, probably not even when ‘he is not carrying plastic money or cash, as he has the option to pay using card data.

eCommerce is a trillion-dollar industry. But as the popularity of online shopping grows, so does the risk of refund fraud, which now costs businesses more than $25 billion every year. Refunds are a standard cost of retail — especially in eCommerce. But online shopping makes it much more difficult for businesses to investigate and verify valid refund demands from customers. Some customers take advantage of these difficulties by committing refund fraud.

Buy now and pay later (BNPL) services are the latest trend in the market, which is catching up with consumers and retailers quickly. Unfortunately, even the perpetrators are increasing in this system which have a potential to cause harm to a raising solution in finance. This blogs discusses how BNPL fraud can be prevented using Digital Verification Solutions like Identity Verification, AML screening, Digital Onboarding and Document Verification.

WhatsApp is ranked as the most popular mobile messenger app in the world. In fact, there are two billion active users on the app. This is an incredibly large audience. Unfortunately, it is also a huge number of potential victims for criminals to target.