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NEWS & INDUSTRY UPDATES

Armorblox emerges from stealth mode with a platform that uses natural language understanding to detect threats hidden in emails and documents. The company also announced a $16.5 million Series A funding round. [Read More]
A security breach suffered by PoS solutions provider North Country Business Products resulted in the exposure of payment cards used at over 130 restaurants and hotels in the US. [Read More]
nsKnox, a company that specializes in corporate payment protection solutions, raises $15 million in a Series A funding round led by Viola Ventures and M12, Microsoft’s venture fund. [Read More]
Wendy’s agrees to pay $50 million to settle a lawsuit brought by financial institutions in response to a massive data breach that hit the company in 2015 and 2016. [Read More]
Malta's largest bank was the target of a cyber attack Wednesday, with hackers attempting to withdraw 13 million euros ($14.7 million). [Read More]
UK-based Identity Data Intelligence specialist GBG has agreed to acquire the Atlanta-based identity verification and fraud prevention services provider IDology for $300 million in cash. [Read More]
Huddle House, a casual dining and fast food chain with over 300 restaurants, informs customers of a payment card breach. [Read More]
Companies that sold fake social media activity have reached a settlement with the state of New York in a case that, for the first time, established such activity as illegal. [Read More]
False positives in fraud detection are one of the biggest problems in eCommerce, as they can have a direct and serious effect on profitability. [Read More]
Bangladesh will soon file a lawsuit in New York against a Philippine bank over its involvement in one of the biggest-ever cyber heists, the country's central bank governor said. [Read More]

FEATURES, INSIGHTS // Fraud & Identity Theft

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Josh Lefkowitz's picture
The abundance of compromised card data and other assets available online continues to hinder the fight against card-not-present (CNP) fraud.
Josh Lefkowitz's picture
Even organizations with the most robust defense solutions and advanced automated technologies cannot effectively combat threats such as BEC without the adequate support and nuanced expertise of humans.
Travis Greene's picture
While a credit freeze can protect against the opening of fraudulent credit accounts, it is not an inoculation against identity theft. What can be done to help protect identities and the attributes associated with them?
Ting-Fang Yen's picture
The attackers may be looking for the path of least resistance, but there is no shortcut to securing your platform.
Lance Cottrell's picture
In addition to basic credit monitoring, breached companies need to get ahead of the attacks and start providing security solutions that actually protect the victims before they are victimized again.
Torsten George's picture
While effective at curbing “petty crimes” such as credit skimming / cloning, EMV does not address more sophisticated cyber-attacks that target backend systems which contain card holders’ most sensitive information.
James Foster's picture
Many fraudulent accounts are mere satire or innocuous trolling, but others are created with far more devious intentions.
Jon-Louis Heimerl's picture
Social engineering attacks can happen at any time. Here are some strategies you can use to help reduce the chances of a successful social engineering/phishing attack you or your organization.
Mark Hatton's picture
They always say in the investment world that cash is king. We are now seeing that in terms of cyber as well. Stealing cash, it’s even better than stealing money.
Gant Redmon's picture
When it comes to cybercrime, the police really can’t and aren’t going to protect residents of your town. The same goes for all towns and cities. Unless you’re talking a high six-figure theft, it's unlikely an officer will be assigned to your case.