Today’s Fraud News from around the world:
Can’t but bank on cybersecurity: With an incremental emphasis being laid on digitisation for financial institutions, there has been a monumental increase in cybersecurity threats as well. As the world goes on to connect more and more …: “Phishing” – BingNews
Warning as fake NHS Covid-19 test scam plagues UK mobile numbers: FRAUDSTERS have taken to sending out a message inviting recipients to “order a PCR testing kit”, alongside a link to a scam website.: “Phishing” – BingNews
Stop Using the Same Password on Multiple Sites! No. Really.: When you reuse passwords, a hacker can access multiple services, which might explain why many of our survey respondents have been victims of cybercrimes.: “Phishing” – BingNews
IRONSCALES Selected to Join the AWS Independent Software Vendor (ISV) Accelerate Program in the AWS Partner Network: IRONSCALES, the world’s fastest growing email security company, today announced it has been selected to join the AWS …: “Phishing” – BingNews
Cyber criminals are selling fake vaccine passports on the dark web: Cyber criminals are selling fake COVID-19 passports as countries worldwide mull over introducing documentation to prove vaccine status when at work or for visiting places. Security researchers at …: “Phishing” – BingNews
Millions of malicious emails are still slipping past security filters: Despite many companies investing heavily in getting defenses set up, millions of malicious email messages made their way to the end-user, placing many of them at risk of data breaches, fraud and …: “Phishing” – BingNews
New Data Finds Employees in Retail Industry Most Targeted by Malicious Emails: New Tessian report reveals how 2 million emails, flagged as malicious, bypassed traditional email defenses in 12 months and explains the top phis …: “Phishing” – BingNews
Remote Work Drives U.S. Surge in Security Challenges, Cloud Usage: ManageEngine Report: The report found that phishing is the most common threat (62%) identified by U.S. respondents, with endpoint network attacks (employee devices and edge devices) (49%) and malware (39%) as the second …: “Phishing” – BingNews
U.S. companies excel at limiting shadow IT, according to a new report: Many respondents are planning to continue remote operations for the next couple of years, but what strategies are they implementing to protect themselves in the age of remote work at scale?: “Phishing” – BingNews
Cofense Strengthens Focus on Business Email Compromise with Addition of Ronnie Tokazowski as Principal Threat Advisor: Cofense®, the leading provider of phishing detection and response (PDR) solutions, has appointed Ronnie Tokazowski as Principal Threat Advisor. Tokazowski brings to the Cofense team a wealth of …: “Phishing” – BingNews
Fraud Prevention Tip: Scrutinise the payment methods – As an online retailer you need to know the types of payment methods and their pros and cons in terms of your business. For example regular credit cards (AMEX) tend to favour the cardholder in disputes (chargebacks sound familiar)? But they are still the most widely used payment method and you do have to look at the convenience of your customer. Paypal on the other hand is a more merchant friendly option and has advanced scam protection features and advanced machine learning capability that actively works to mitigate scam risk. On the other hand Paypal also authorises chargebacks it’s not totally fool proof. Cryptocurrencies are another popular payment method; the blockchain tech makes it nearly impossible for forced refunds and since there are records of all transactions it is undeniable by the customer. On the negative side the value of cryptocurrencies is quite volatile so what’s it worth today it might hold the same value the next day or it could be worth more.