Critical issues in India's digital lending ecosystem were identified by a RBI working group. These include the existence of fake and illegal apps and unscrupulous money recovery practices. Establishment of a self-regulatory body to oversee operations of lending platforms is recommended.
The top cybercrime threats facing organizations in Europe and beyond include ransomware affiliate programs, more sophisticated mobile malware and cryptocurrency-hawking investment fraud, among other types of crime, according to Europol's latest Internet Organized Crime Threat Assessment.
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
Don't click phishy links. Everyone knows that. But are your end users prepared to quickly identify today's tricky tactics being used by bad actors? Probably not. Cybercriminals have moved beyond simple bait and switch domains. They're now employing a variety of advanced social engineering techniques to entice your...
There’s no question 2020 and 2021 have brought unanticipated changes and challenges for Financial Services and beyond. The notable surge in consumers’ use of websites and mobile apps for their banking transactions and service interactions exposed critical gaps in digital identity and authentication methods. These...
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.
On one hand, 60% of survey respondents rate their institutions as "above average" or "superior" when it comes to mitigating fraud. Yet, 55% say their customers and partners lack sufficient awareness to protect themselves from fraud. Appgate's Bryan Jardine analyzes the Faces of Fraud survey results.
The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
More than two-thirds of survey respondents say they take a balanced approach - business, customers and compliance - investing in fraud prevention technology. So, why do they also report customer friction among their top challenges? BioCatch's Raj Dasgupta analyzes the results of the new Fraud Transformation Survey.
In looking ahead to fraud transformation in 2022, it is good to
review where the conversation about 2021 began: with statistics
about perceptions and reality.
More than just survey results, this report offers expert analysis on
how to balance the competing priorities of business, customer and
compliance needs –...
Neiman Marcus Group says it is notifying 4.6 million of its online customers who are affected by a data breach that occurred in May 2020. The data includes personally identifiable data, payment and gift cards, online account credentials and security questions.
As the risks to IT and OT converge, organizations must use "zero trust" to verify user identities and build effective monitoring capabilities to track the behavior of privileged users, say Kartik Shahani of Tenable and Rohan Vaidya of CyberArk.
The COVID-19 crisis has posed an unparalleled challenge for cybersecurity. Like COVID-19, cyberattacks spread fast and far - creating more and more damage. But the pandemic has also had a positive impact on the cybersecurity function, which Tarun Kumar, CISO at Nissan, describes here.
Researcher Bob Diachenko has discovered an unsecured database containing personal information of 106 million foreign nationals who have visited Thailand in the past decade. The 200GB database, which has now been secured, has not been accessed by unauthorized personnel, Thai authorities say.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the role of cyber insurers in supporting ransomware victims' incident response, and how to build a successful bug bounty program.