5 Ways the Equifax Breach Will Impact Your Fraud Team
The Equifax Data Breach could be the worst breach of all time. I really believe that. If what Equifax is saying – that up to 143 Million consumers personal information off the credit bureau has been breached – it could make it the single most impactful breach of all time. Sure there have been larger breaches […]
Up To 90% of Traffic To Online Retailers are From Fraud Bots
Threat Metrix released their latest CyberCrime Report for 2016 as you might expect, fraud attempts, particularly from BotNet attacks are soaring. As much as 90% of the traffic they track to key online retailers appears to originate from Bot’s programmed by hackers to infiltrate their systems, take over accounts and make fraudulent purchases. 700 Basis […]
Obama Sanctions Two Notorious Russian Fraudsters
Two notorious Russian Cyber criminals were sanctioned by Obama this week but not for their involvement in the Russian election hacking but for widespread fraud against US banks. The two hackers have been on the FBI’s Most Wanted List for computer intrusion, identity theft, and banking fraud. They have wreaked havoc on the American Banking system for […]
Glut of Breached Data Is Causing Massive Price Drop
Supply and Demand. It is one of the first concepts you learn in economics. And the Dark Web is learning how it works too. As the supply of breached healthcare records increase exponentially on the dark web, the sellers are reducing their prices drastically to offload the data. I mean they are dropping the prices […]
The Internet is Jammed. CyberHackers Wreck the Web.
The internet is like LA traffic on a Friday afternoon. It’s a parking lot and nobody is going anywhere fast. Today at least. DDOS attacks which many believe are being launched using a robot army of 1.5 million surveillance cameras are hitting the DNS backbone of the internet causing websites everywhere to become unreachable. The DDOS attacks […]
How Cameras Helped Hackers Raise A Big Robot Army
It isn’t often that your hobby and your career collide but recently that is just what happened to me. Photography is my hobby. Fraud and Security management is my profession. So when I learned that cameras were used to launch one of the largest cyber attacks in history, I was intrigued. It All Started with […]