Organizations lost $2.7 billion to Internet-enabled theft, fraud and exploitation in 2018, with business e-mail compromise scams resulting in the highest of these financial losses, according to the FBI’s Internet Crime Complaint Center (IC3).
U.S. providers should be “on alert” for an increase in payments fraud experts warn. The European Union’s (EU’s) new Payment Services Directive (PSD2) raises the bar for security and may cause cybercriminals to focus on targets in this country.
Technology developed by researchers at the State University of New York can create a smartphone “fingerprint” from a single photo captured by the device. The technology may clear the way for a new identity verification system that can secure online transactions or protect smartphone owners from identity theft.
In-brief: Starwood Hotels said on Friday that it was the victim of a malicious software infection on point of sale (POS) systems at restaurants, just the latest in a string of high profile hotel chains to admit that it was the victim of a cyber attack involving compromises of point of sale systems and the theft of customer data.
In-brief: According to data from Experian, fewer than one in ten consumers who have had personal information exposed in a major data breach take advantage of credit monitoring services offered by the company responsible for the breach – evidence of what the company says is data breach fatigue.