4 types of complex ATO you need to know about
Account takeover is probably most often thought of as a bad actor using someone’s genuine yet stolen credentials to access their online account and steal their funds.
The Salami Attack in Cyber Crime
In 1940, the leader of the Hungarian Workers' Party, Mátvás Rákosi, devised a strategy to eliminate the other parties with the intention of creating a communist regime in that country. This strategy consisted of accusing certain rival politicians, ...
The Cyber Fraud Pandemic. Contagion in the World of Cybercrime
If just a few years ago the figures related to the presence of cyber fraud in companies were somewhere around 15-20%, numbers that were starting to represent a worrisome problem, today the figures have risen to 49% of companies that are affected ...
Smishing attacks: How to spot and block the scam
Smishing is on the rise. In June of this year, Bank of Ireland customers were targeted by a string of smishing attacks. In August, the national center for cybersecurity in Brussels warned of a ‘tsunami’ of smishing attempts about to hit the country.
Create a secure yet frictionless online banking experience
Verifying that a user is who they claim to be while online is the fundamental basis of cybersecurity. We’re all used to being authenticated at some point in our online journeys, whether it’s through a password login or an OTP sent to our phones when ...
The Seduction of Hacking
Traditional criminology treats crime as a simple instrumental process, in which the criminal commits a crime with the objective of obtaining some type of personal benefit. From this perspective, social imbalance and the marginalization of certain ...
COVID-19 is creating a boom in internet fraud, but why?
Crooks never take a break – they’re always keen to commit crimes, keeping their eyes out for new opportunities and ways to swindle people. And this is exactly what we’ve been seeing over recent weeks, with the COVID-19 health crisis creating a ...
What drives fraudster into online banking fraud?
Online banking fraud is all the rage and everything points to the trend continuing in coming years. It has already become such an endemic threat that banks need to deal with the growing threat proactively, and not just as another revenue loss line ...
Synthetic Identity Fraud: how to detect it and stop it
Criminals no longer need to physically rob a bank to steal money; they can do it online where it is quicker, easier, and they are much more likely to get away with it. And even as anti-fraud technology develops in its attempts to counteract online ...
Spear phishing: a complex and prolific cyberattack
One of the most prolific cyber-attacks in recent times is spear phishing, a subtype of phishing that mainly targets companies' senior management in order to obtain greater benefits compared to massive traditional phishing campaigns.
Friend or foe? When your fraudster is also your customer
When we think of an online fraudster, the common stereotype is that of a shady criminal who has successfully stolen an unsuspecting customer’s credentials in order to drain their bank account or to go on a shopping spree with their hard-earned cash.
Teens and cybercrime: the reasons behind it
Today’s teens form part of Gen Z, young people who were born and raised in the new technology era, who cannot envisage an offline world with no access to the Internet or social media. From an early age, they have juggled with computers, tablets and ...