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…
