Articles

Articles

What is the true cost of account takeover attacks?

This is what your traffic looks like during a pandemicEach year, successful data breaches result in the exposure of millions of credentials—typically a username or email and password—that can be used by increasingly sophisticated cybercriminals to commit fraud. Credential stuffing, human emulation, and other fraud attacks leave merchants vulnerable to the costs of such a breach.To learn more about the operational costs of fraud and what merchants can do to protect themselves and their customers, PaymentsJournal sat down with Robert

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Holiday shopping online? Brush up on these cybersecurity basics first

CBC News | November 23, 2020 -- Holiday shopping, like everything else, will look a whole lot different this year. Rather than vying for a coveted space in crowded mall parking lots, most of us will be scrambling to get online orders in to meet shipping deadlines. As you begin to embark on your holiday shopping journey, here are some things to have top of mind to keep your personal and financial information safe.Read the full article here.

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Haste makes waste: Is your financial institution’s rushed digital transformation safe?

ITProPortal | November 17, 2020 -- For the majority of financial institutions, the past year has seen the most rapid digital transformation in their histories — and in many cases, the driving forces behind those changes are here to stay. The acceleration of financial institutions’ digital transformations is an overall positive development, but it doesn’t come without risks. Rapid changes to established technologies and processes may leave vulnerabilities that bad actors can take advantage of.Read the full article here.

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Cyber Attacks Are Growing More Sophisticated During the COVID-19 Pandemic; Here’s How to Defend Against Them

CPO Magazine | November 9, 2020 -- Cybercriminals typically scramble to take advantage of any newsworthy event, and the COVID-19 pandemic is no exception. By late March, the number of domain names registered with keywords like “COVID” and “corona” spiked from 190 to over 70,000. That number included a large number of phishing websites designed to tempt users to give up their email login credentials, credit card details and other personal information, often by posing as legitimate government and international

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The Pandemic Has Changed Fraud. These Numbers Show How.

PaymentsJournal | September 30, 2020 -- In the current COVID-19 environment, the already fluid nature of fraud has been greatly bolstered. For merchants trying to understand what the notable impacts are and how they can keep up with evolving fraud threats, the best way to understand how fraud is changing is to drill into the data – 6 months of it to be exact. This is what we did at NuData, and then supplemented it with evidence from our Trust

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