Cybercrime and Fraud

Cybercrime in Social Media Grows 70% in Six Months

These days, all you need to do is type “botnet,” “hacking,” “DDoS,” “CVV2,” or any other cybercrime-related term into the search bar on most social media platforms, and you will find a plethora of fraud activity occurring in plain sight.  As reported earlier this year by RSA, social media has become a breeding ground for cybercrime-related…

2017 Global Fraud and Cybercrime Forecast

From mobile threats and malware, to the organizations on the target lists of e-commerce fraud – a myriad of threats exist across the cyber landscape and the commoditization of cybercrime is making it easier and cheaper to launch attacks on a global scale.  If you are a believer that the best predictor of future events…

PSD2 and the E-Commerce Ecosystem

Authored by Ian Newns The European Banking Authority recently drafted the latest Directive on Payment Services II (PSD2), which serves as the legal foundation for a cross-EU payments market.  In 2016, European e-commerce sales are expected to increase 17% to €183 billion and the use of payment service providers (PSPs) is increasing significantly. Couple this with…

3D Secure 2.0 – The New Sheriff in Town

EMVCo, the global standards body tasked with developing the technical standards for payments technologies, last week announced the availability of 3D Secure 2.0. Collectively, we at RSA congratulate EMVCo on this eagerly anticipated release. As an EMVCo Technical Associate, we were privileged to contribute to the development of the specifications and truly believe that the…

Recognizing and Combating Cybercrime: A Virtual Chat

The goal of cybercrime doesn’t change, but the tactics do.  This week’s theme for National Cyber Security Awareness Month is Recognizing and Combating Cybercrime.  One of the questions to be addressed is: What are cybercriminals looking to gain from attacks? With the impact of cybercrime costing the global economy about $445 billion in 2016, which is more than the market…

Cybersecurity – Let’s Make It A Chick Thing

Time flies when you’re having fun fighting cybercriminals – we are already more than halfway through October and into the third week of Cybersecurity Awareness Month. This week’s theme is Recognizing and Combating Cybercrime, which is quite literally RSA’s raison d’etre. The focus this week is on the collaborative nature of fighting cybercrime as well…

Where Is My Cybersecurity Rosetta Stone?

This week’s theme for National Cyber Security Awareness Month is “Cyber from the Break Room to the Board Room.” Communication, like anything else worth getting better at, takes practice. Sometimes it takes planning to know what we want to say and how we want to say it. We also need to anticipate who our audience is…

New Research Reveals: Phishers Launch a New Attack Every 30 Seconds

As long as users can be fooled, phishing will continue to proliferate.  In fact, many major breaches start as a targeted phishing email.  According to the latest statistics from RSA FraudAction researchers, more than one million unique attacks have been identified in the last 12 months, or, more simply put, a new phishing attack is launched every 30…

Six Steps For Cybercrime Survival

While recently cleaning my grandfather’s attic, I came across an old Federal Civil Defense Administration brochure titled “Six Steps to Survival – If an enemy attacked today would you know what to do?”  In our modern times, many of us are being attacked on a daily basis by cybercriminals. As such, do you know what…

The Role of Money Mules in New Multi-Million Dollar Scams

I have written previously about CEO fraud where employees receive an email which appears to come from a company executive directing them to erroneously wire money to an overseas bank account. Now, fraudsters are redirecting their efforts to a new internal target: accounts payable. According to IBAN, the scam works this way: The fraudsters intercept emails or compromise…