As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.
With so many ways to connect with banks today, financial organizations need omnichannel fraud detection tools to distinguish customers from fraudsters.
Banks and financial institutions require a dynamic strategy to identify emerging cybercrime trends and stop fraudsters in their tracks.
Our prediction at the end of 2016 held true: The influx of advanced DDoS, POS and other attacks targeting the financial sector has yet to abate in 2017.
Retail fraud continues to rise, and there is significant growth in online attacks across all sectors, according to the "2016 Global Fraud Attack Index."
TrickBot Is Hand-Picking Private Banks for Targets — With Redirection Attacks in Tow! TrickBot Is Hand-Picking Private Banks for Targets — With Redirection Attacks in Tow!
According to IBM X-Force Research, the operators of the infamous TrickBot Trojan have been hand-picking private banks to target with redirection attacks.
IBM Research — Haifa Labs detected yet another malware campaign, dubbed EmbusteBot, designed to target dozens of financial institutions in Brazil.
IBM X-Force researchers discovered that the volume of spam email campaigns carrying tax fraud scams rises sharply during the months surrounding tax season.
IT leaders should use adaptive security solutions as a safety net to protect user, customer and corporate data from fraudsters.
The Indian government implemented new policies and guidance in response to several high-profile attacks against the Indian banking sector in the past year.