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Mitigating sophisticated attacks — the NuData way (part II)

Mitigating Sophisticated AttacksThis is the continuation of part I. If you haven’t read it, we suggest you start there for more attack types and fraud mitigation techniques. Now, where were we? Right, we just talked about spotting human-driven attacks. Let’s look at how to spot probing attacks that sneak in, to learn from your security parameters. 1. Spotting probing attacks Some of the most potentially damaging attacks we see on the NuData network start extremely small. By probing your defenses with a

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Mitigating sophisticated attacks — the NuData way (part I)

Mitigating Sophisticated AttacksIt’s getting harder and harder to tell humans and robots apart — at least when it comes to cyberattacks. Over the past few years, we’ve seen a rise in the number of attacks that imitate the behavior of normal human users. Compared to run-of-the-mill cybercrime tactics, these sophisticated attacks are much harder to detect. Some sophisticated automated scripts disguise themselves by emulating human keystroke patterns, mouse movements and other behavioral indicators. Other attackers go even further, hiring actual human workers

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SIM Swap Fraud: How this 90s technology has stood the test of time

The early 1990s was a time of boy bands, neon windbreakers and flat top haircuts. It was also the start of the dotcom boom, with the invention of the World Wide Web and the explosion in the adoption and use of internet technologies. Among those rising stars was the Subscriber Identity Module, better known as the SIM card. The introduction of the SIM card revolutionized the telecommunications industry. This tiny piece of technology was an easily removable, portable memory chip

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Booking a vacation for the first time in a while? 3 tips to avoiding online travel scams after COVID

3 ways to avoid online travel scams after covidYou’re fully vaccinated and you feel good to travel. It’s a big moment — the moment you’ve waited for throughout the entire pandemic. In your excitement, you check your email and stumble across a deal that looks too good to be true. But hey, the travel industry is looking to make money after barely anyone went on vacation last year, right? It’s probably not that weird.So you book it.The next day you get a call from your bank — your

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New report: Application fraud is a serious threat to financial institutions

Financial institutions (FIs) are in a never-ending struggle with criminal hackers over identity fraud — and unfortunately, right now many FIs are on the losing end.Financial institutions (FIs) are in a never-ending struggle with criminal hackers over identity fraud — and unfortunately, right now many FIs are on the losing end.According to Aite Group research, nearly half of U.S. consumers experienced identity theft from 2019 to 2020. Additionally, 37% of consumers also experienced application fraud — a method of identity fraud that involves bad actors using consumer information to create a new account for fraudulent activity.Application fraud can be a devastating experience for attack victims.

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