Fraud

unravel

Mastercard Reduces MTTR and Improves Query Processing with Unravel Data

Mastercard is one of the world’s top payment processing platforms, with more than 700 million cards in use worldwide. In the US, nearly 40% of American adults hold a Mastercard-branded card. And the company is going from strength to strength; despite a dip in valuation of more than a third when the pandemic hit, the company has doubled in value three times in the last nine years, recently reaching a market capitalization of more than $350B dollars.

lookout

Device management blind to 125 percent increase in financial sector phishing attacks

As guardians of valuable monetary assets and highly sensitive data, financial institutions are the perfect target for cybercriminals. According to IBM, the financial services sector was the number one target of cyberattacks in 2020 among all industries. This means these organizations continue to be challenged and invest heavily in both people and technology to make sure they can withstand attacks of any type.

datadog

Detect application abuse and fraud with Datadog

Protecting your applications from abuse of functionality requires understanding which application features and workflows may be misused as well as the ability to quickly identify potential threats to your services. This visibility is particularly critical in cases where an adversary finds and exploits a vulnerability—such as inadequate authentication controls—to commit fraud.

wandera

Identity Phishing Scam uses WhatsApp and Telegram to target Australian diplomats

A sophisticated identity theft scam was used to attack Australia’s Senior Diplomats last week. Cybercriminals often repurpose tactics and tools against other organizations, for example, the techniques used by Hafnium were replicated by other groups to hack 60,000 organizations. Organizations should take steps now to prevent themselves from being impacted by a similar identity phishing scam.

alienvault

Phishing towards failed trust

Phishing exercises are an important tool towards promoting security awareness in an organization. Phishing is effective, simply because it works. However, any social engineer can devise a marvelously deceptive message with an irresistible link that only the most tech-savvy person would spot as a phishing test. Sometimes, the phish can be sent at a time of day that catches the recipient off-guard, which causes a person to click the malicious link.

Bits of Security, PedidosYa: Fraud Detection using Datadog and Sherlock

From day one, most organizations,especially the big ones, are targeted with a broad range of attacks. These range from information exfiltration attempts to fraud. Although a great majority of them can be addressed with the help of a Web Application Firewall, there are some that require more extensive tooling. Join me as I show you how we use Sherlock and Datadog to block 30,000+ fraudulent users per week in seconds. We will also discuss other applications and how you can implement similar solutions.
logz.io

Case Study - Online Skimming Attack Facilitated by Work-From-Home Arrangements

In May 2020, Kroll was contacted by a purveyor of high-end meats after receiving several customer complaints of potentially fraudulent credit card activity. The fraud allegations were raised after several customers observed unauthorized transactions on their credit cards shortly after placing orders through the purveyor’s e-commerce website. Kroll quickly assigned one of their seasoned Payment Card Industry (PCI) forensics investigators to review and investigate the matter.

inetco

Fighting Digital Payment Fraudsters in Real-time: A Winning Framework (Part 1)

A few weeks ago Seattle-based financial services and data management firm Automatic Funds Transfer Services (AFTS) suffered a serious ransomware attack. A gang called “Cuba” hacked and stole approximately 20 months’ worth of AFTS data, including financial documents, correspondence with bank employees, account movements, balance sheets, and tax documents. The compromised data then was offered for sale on the dark web.