To help prevent merchant refund fraud, ecommerce firms must carefully track all data from the time a transaction is initiated until returned items are received at the warehouse, says Karisse Hendrick, an independent ecommerce fraud consultant.
Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
Organizations worldwide need to be "ruthless in their prioritization" of scarce resources for data security in 2021 and beyond, says Bobby Ford, global CISO of consumer brands giant Unilever, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
He's been a police officer, a special agent, a CIO and a CISO. Don Cox has some ideas about cybersecurity leadership and what the CISO reporting relationship should be, and he shares them in this interview.
Norway this week accused Russia of hacking the email system of the country's parliament, known as the Storting, in September. Russia calls the accusation "unacceptable."
Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Those selling "network access" on underground forums are adjusting their business models to take advantage of the huge influx of ransomware gangs that are looking for easier and more efficient ways to gain access to their targets, Accenture reports.
Citing a new government report, some U.K. lawmakers are demanding that efforts to remove Huawei's equipment from the country's 5G networks should be sped up. But some security experts question whether those concerns are legitimate.
Managing third-party risks must start with due diligence activities, and technology can play an important role, says Julian Colborne-Baber, forensic partner at Deloitte in the U.K.
The Xplora 4 kids smartwatch was shipped with a backdoor that could be activated remotely by an encrypted SMS to take secret screenshots. The manufacturer says the code was mistakenly left in the firmware, and it has issued a patch to remove it.
The Office of the Comptroller of the Currency has fined Morgan Stanley $60 million for the investment bank's failure to properly oversee the decommissioning of several data centers, putting customer data at risk of exposure.
Microsoft collaborated with cybersecurity companies and government agencies to take down the million-device Trickbot botnet in an effort to help protect the Nov. 3 U.S. election and stop the global spread of ransomware and other malware.
Artificial intelligence and machine learning offer the best hope for addressing the risks posed by synthetic identities, says Justin Davis, fraud manager at Digital Federal Credit Union.
Two types of autopilot systems can be tricked into reacting after seeing split-second images, according to new research into autonomous vehicles. Although this could pose a risk, deep-learning software could keep the systems from being tricked.
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