With signs that online banking fraud is on the rise amid the COVID-19 pandemic, Buguroo is offering to investigate suspicious messages for free. The company has set up a new “Covid-19 Online Banking Fraud Resources Center” on its website, where it promises to offer regularly updated information about the latest fraud and social engineering campaigns.…
A proposal from Apple engineers aimed at making SMS security more effective is making its way through the web development community. The idea, which was backed by Google in January, is essentially to link an SMS-based One Time Passcode directly to the website or other online entity sending it for user authentication. This means that…
“These were all good practices before the age of COVID-19, of course, but with the sense of panic surrounding the virus, there’s good reason to be even more vigilant than usual.” As with so many other crises, the COVID-19 pandemic is opening up new opportunities for fraudsters, and the Electronic Frontier Foundation is looking to…
Buguroo has provided a comprehensive breakdown of the different forms of fraud in a new blog post that classifies fraud into three separate categories. Third party fraud refers to fraud in which a cybercriminal targets a victim with no knowledge of the fraud taking place. That fraud can take many different forms, from phishing attacks…
Professionals in the payments industry are very concerned about cybersecurity, but are at least a little mistrustful of third party solutions providers, suggest the results of TD Bank’s 2019 NACHA PAYMENTS survey. Conducted at the 2019 NACHA PAYMENTS Conference in Orlando this past May, the survey polled just under 500 of the payments industry professionals…
In the wake of yet another high-profile hack attack, FIDO Alliance co-founder Nok Nok Labs is calling businesses and service providers to take advantage of phishing-resistant multi-factor authentication solutions. The attack in this case concerns Wipro, a Major India-based software company, whose IT systems were compromised, with Wipro customers then targeted in “an advanced phishing…
