Why has the cybercriminal underground put so much effort toward the professionalization of ransomware? Simply put, they are making tons of money from it.
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
The past year has been marked by economic uncertainty stemming from the global pandemic, which has also created an expanded remote workforce and broadened the attack landscape.
Alongside the sad and vast expense of legitimate claims, it is an unfortunate fact that in times of economic hardship, people have a history of taking any opportunity to exploit financial institutions for ill-gotten gain.
As outlined in our Vision for Tackling Cyber Fraud last year, social engineering - a prime example of industrialized criminal deception - is leaving modern society vulnerable in two separate ways.
To explore how credential stuffing attacks and brute force attacks differ, we need to understand what they are and how they operate. Here is a quick summary.
Cybercrime is a business and, like any business, it's driven by profit. But how can organizations make credential theft less profitable at every stage of the criminal value chain, and, in doing so, lower their risk?
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