Payment fraud is the top risk to companies across the globe. Business email compromise is continually on the rise. Johnny Deutsch, co-founder and CEO of B2B payments protection company Creednz, discusses the need to integrate security into financial processes.
Healthcare organizations should take steps to avoid falling victim to evolving threats involving costly business email compromise scams and related phishing schemes fueled by social engineering, warned the Department of Health and Human Services' Health Sector Cybersecurity Coordination Center.
The digital payment landscape is undergoing transformative growth, with cybersecurity at its core. Dharshan Shanthamurthy, CEO at SISA, discussed the urgency of addressing cybersecurity in an industry that is not only lucrative for businesses but also for motivated criminal gangs.
BEC attacks manipulate employees to transfer money or provide confidential information to cybercriminals using the compromised or spoofed/fake business email address of a senior officer, usually the president or CEO. Here are the steps in a BEC attack and tips on how to prevent one.
A still-active phishing campaign using individualized phishing lures is targeting senior corporate accounts in Microsoft Azure environments, said researchers from Proofpoint. They said the hackers have compromised hundreds of user accounts spread across dozens of Microsoft Azure environments.
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...
Rumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.
Hackers have reportedly stolen about $7.5 million from a Department of Health and Human Services grant payment system in a series of cyberattacks last year. The news comes in the midst of HHS and other authorities warnings about rising threats involving social engineering and payment scams.
Hackers celebrated the year-end holidays with a malicious "Free Leaksmas" posting on the dark web, releasing 50 million stolen consumer records, including credit card information. Researchers said the leaked data can be used for identity theft and fraud.
Financially driven cybercriminals exploit the human factor to commit online scams. Pooja Shimpi, CEO and co-founder of SyberNow, explained why it is necessary for netizens to practice online mindfulness and enhance cyber awareness to avoid becoming victims of innovative scams.
The advent of generative AI has transformed the way modern organizations operate. While many business users are adopting tools like ChatGPT and Google Bard to enhance productivity, cybercriminals are also capitalizing on this technology—resulting in more attacks with increased sophistication.
To understand how...
Email is a major entry point for threat actors, who have evolved their tactics to bypass traditional security solutions and now leverage AI to make attacks more scalable and harder to detect. In response, organizations are buying AI-enabled solutions to bolster their security posture. This survey shows...
Discover how cybercriminals use generative AI tools like ChatGPT to create more effective email attacks and how to protect your organization from them.
ChatGPT. Google Bard. Midjourney. DeepFaceLab.
Generative AI is all the rage, and for good reason. What used to take hours can now be done in minutes, and what...
Established provider LexisNexis Risk Solutions remains atop Forrester's digital fraud management rankings, while upstart Sift broke into the leaders category for the first time. Many providers in the space have expanded from payment transactions to account takeover fraud as well as handling scams.
Inadequate authentication measures leave your digital identity vulnerable to cybercriminals. Tools like multi-factor authentication, biometrics, passwords, PINs, and tokens are all more vulnerable to attacks and social engineering than you realize. And one wrong move leaves you and your organization powerless in the...
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