cybercrime

A New Generation of Hackers Target the Gaming Industry

Hackers love a crowd. That’s true when it comes to social media networks, government system websites, financial institutions, retailers, and, based on recent headlines, gaming sites.  For an industry projected to be worth nearly $100 billion in 2016, gaming offers a lucrative industry for cybercriminals.  Last year, gaming accounted for 1 in every 50 e-commerce fraud transactions,…

Account Takeover Gains Full Visibility with Web Behavior Analytics

Interest in and adoption of web behavior analytics is surging because of its ability to interpret the navigation and intent of each visitor to the website and as one of the best ways to protect the business against the skyrocketing rates of website fraud.  Account takeover is one of the predominant threats plaguing organizations with…

Web Threat Detection Services Deliver SWIFT Remediation

With the dust settling on a series of high profile cyber heists against international banks SWIFT’s network used to facilitate international payments between banks, the service provider is weighing changes that would effectively exclude from its network banks that have, according to reports, “demonstrated weak information security.” The Brussels-based SWIFT (Society for the Worldwide Interbank…

Hackers Hunt for Healthcare Records

What’s the difference between data theft from a bank account versus a healthcare record? For starters, think of theft from a bank account as the equivalent of a single withdrawal; one and done. Sooner than later it’s discovered, a new account number is issued and, as a hacker, you’re effectively cut off. When it comes…

Enter at Your Own Risk: The Perils of Livestreaming Content

There’s no such thing as a free lunch, not even on the Internet. But if you do decide to splurge, new research finds your lack of willpower may come with a side order of malware. In this case, that free lunch actually refers to websites that offer free livestreaming of things like sporting events, concerts, and so on. Turns…

Current State of Cybercrime in 2016

The bon mot that “crime doesn’t pay” certainly predates the advent of cybercrime. Today, these digital hold-ups against businesses are highly profitable.  Let’s face it: if cybercrime was a publicly traded stock, realizing the return on investment, we’d all be on the phone with our respective broker begging for them to include it in our…

MySpace and Tumblr Breaches Put Other Consumer Brands on Alert

With the unveiling of two more “mega breaches” this morning, the headlines and news cycles are clamoring for continued updates.  The more serious of the two involved the breach at MySpace with 427 million email addresses and linked passwords stolen.  The other involved 65 million unique emails and passwords stolen from the popular site, Tumblr. …

New PCI Multifactor Authentication Rules: Is it Too Late?

The PCI Security Council just extended its requirements for multi-factor authentication to anyone who has access to credit card data. These requirements, which comes on the heels of the European Parliament adopting its revised Directive on Payment Services (PSD2) late last year, require strong authentication for all Internet transactions. PSD2 also introduces strict security requirements…

Not on My Dime: When Fraudsters Take a Phantom Ride

As any parent with children in sports knows, it is simply not possible to be in two places at the same time.  I have tried to defy the laws of time and space by magically appearing at two different baseball fields when my sons’ games are conveniently scheduled at the same time on different fields…

LinkedIn Breach: The Death of Passwords Has Finally Arrived

The headline screamed at me this morning when I opened my inbox, “117 million LinkedIn user credentials compromised.”  I had no reaction as I went to get my first cup of coffee.   Credentials have become a commodity to hackers and are sold widely and cheaply in different venues—both in the deep-and open-web.   Stolen credit cards…