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Human-Like Fraud Attacks on the Upswing

CardNotPresent | September 24, 2020 -- Attacks that look like humans are increasingly plaguing fraud professionals—a trend that is likely here to stay, according to new analysis from NuData Security.The antifraud technology company’s recent 2020 H1: Fraud Risk at a Glance report looked at data and changes across its global online network during the first six months of this year. The analysis reveals that “human-looking or sophisticated attacks, those that focus on quality instead of volume, continue to increase. For

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NuData finds 96% of login attacks on financial institutions were ‘sophisticated’

Back End News | September 22, 2020 --Financial institutions (FIs) receive the highest percentage of sophisticated attacks amongst all industries, with 96%, up from 90% in 2019, according to the report of NuData Security, a behavioral biometrics company based in Canada.The financial industry is among, if not the top, target of bad actors considering the type of client data it posses. With this in mind, banks and other financial institutions increased their security spending and heightened security posture making it

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Twitter Cyberattack Could Prompt Surge in Similar Hacks

Channel Futures | July 24, 2020 --In last week’s attack, malicious hackers went after dozens of high-profile accounts to promote cryptocurrency scams. According to Twitter, it was a coordinated social engineering attack. And it was by people who successfully accessed internal systems and tools by targeting Twitter employees.According to Robert Capps, "Concerns go beyond the attacks Twitter experienced recently. The use of internal administrative tools to launch attacks, instead of attacking individual account holders, has broad value to cyber criminals,

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Instacart says customer data hasn’t been breached

Supermarket News | July 24, 2020 --Investigation cites ‘credential stuffing’ following reports of user account information being sold on ‘dark web’."I have been responsible for organizations that had similar attacks,” Capps said in an interview. “In those cases, they aren’t compromises of the systems themselves. They aren’t breaking into the firewall. They aren’t looking for vulnerabilities in the site. They are literally using stolen credential information that’s available on the Internet, and they’re using different techniques to validate those credentials

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‘No end’ to cybersecurity threats during pandemic

BIV | July 17, 2020 --While COVID-19 thrust much of the economy into hibernation throughout the spring, there was no such slowdown for cybersecurity specialists on the West Coast, according to Robert Capps.While partners in travel, live events, conferences, concerts and theatres “have been decimated by the travel restrictions and the stay-at-home orders,” Capps said NuData saw significant uptakes in activity related to e-commerce and online banking – two of its biggest client bases. For the complete article, go here.

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