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Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... more
The post New strain of trojan EventBot can clear out bank accounts appeared first on Payments Cards & Mobile.
The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... more
The post Identity fraud losses increase 15% as consumer out-of-pocket costs more than double appeared first on Payments Cards & Mobile.
Payment card fraud, arguably one of the most straightforward approaches to financially motivated crime, persists in the face of ongoing anti-fraud efforts from regulators, financial institutions, and retailers. Carding, as... more
The severity of cyber-breaches and cyber crime has become more and more intense in recent years. As a result, security experts at Specops Software sought to find out which (Western)... more
Beyond the immediate health threat, a new fraud trend has been noticed. With the widespread media attention around the coronavirus, attackers are already using the topic to bait victims into... more
The post Coronavirus phishing and malware attacks spreading through banks and FI’s appeared first on Payments Cards & Mobile.