Fraud Talk: Navigating the Threat Landscape in Today's Tech-Driven World

/
Fraud Talk: Navigating the Threat Landscape in Today's Tech-Driven World

Four panelists from a 2021 ACFE Women’s Summit session discuss the ever-evolving threat landscape and how it has affected fraud trends throughout the past year. The panel of speakers included moderator, Amber Mac, along with Amy Chang, Cynthia Herrington and Amber Schroeder.

In this excerpt from the full transcript from episode 106 of Fraud Talk, the panelists discuss how they stay current on new and emerging tech, as well as the impact of COVID-19 on how fraudsters are using tech. Download the full transcript of “Navigating the Threat Landscape in Today’s Tech-Driven World” in PDF form or listen to the episode at the bottom of this post.

Read More

A Stolen Text Messages Hack That Only Costs $16

/
A Stolen Text Messages Hack That Only Costs $16

A recent investigation by VICE found a major loophole in telecommunications infrastructure. Joseph Cox, the investigative reporter at the center of the story enlisted the help of a friendly hacker to report on a service called Sakari, a company that streamlines mass SMS messaging for businesses. The hacker was able to use the service to reroute all of Cox’s text messages to the hacker’s device, and Cox didn’t receive a single notification about the theft of his number. He just stopped receiving text messages.

Read More

What You Should Know About the COMB Data Leak

/
What You Should Know About the COMB Data Leak

In February 2021, an enormous compilation of breached user data was posted on a popular online hacking forum. Known as the Compilation of Many Breaches (COMB), the data leak is believed to be the largest compilation of its kind. The COMB data leak is so big, in fact, that it could include the data of 70% of internet users worldwide.

Read More

FBI Warns of Increase in Mobile Banking Fraud

/
FBI Warns of Increase in Mobile Banking Fraud

The use of mobile banking apps has increased dramatically during the COVID-19 pandemic. A recent CNBC article claims that in early April there was an 85% increase in mobile banking traffic and new mobile banking registrations jumped 200%. According to the FBI, mobile banking has surged 50% since the beginning of 2020. These numbers illustrate that stay-at-home orders, temporary business closures and COVID-19 fears have accelerated the use of mobile banking among a large portion of the population. As fraud examiners know, new technologies create new opportunities for fraud. Here’s what you should look out for.

Read More

10 Tips to Stay Safe While Shopping Online

/
10 Tips to Stay Safe While Shopping Online

Online shopping is at an all-time high. According to a study from Mastercard, online shopping has spiked by 57%, while the fraud prevention firm Kount’s spring 2020 report found that online transaction volume had increased for wellness and vitamin products, sporting goods, and wine and liquor by 91%, 599%, and 900% in comparison to 2019 numbers.

As online activity has increased during global self-isolation, unfortunately so has the rate of cyberfraud, phishing and account hacking. Here are 10 tips to help you stay safe while shopping online.

Read More