It is no secret that phishing attacks are growing in scope and the reason is quite simple: they are still effective. For the past several years, we have seen a marked increase in the number of email driven phishing scams that coincide with the holidays. Below you’ll find an email-driven phishing scam which shows a notification from FedEx—we’ve seen this with other brand-recognized delivery couriers like UPS and DHL. In this instance, the notification indicates that FedEx was unable to deliver a package because there was nobody available to sign for it. Once the recipient clicks on the invoice, the phishing attack is launched. With this kind of attack, the company purported to be sending the message is also a victim as the brands themselves become associated with fraudulent activities. Read more
The latest release of Easy Solutions’ DetectID authentication platform has enhanced its push authentication technology to include more options and features, making it the most convenient, intelligent and trusted mobile two-factor solution on the market. The new features in this latest version include: Read more
Most of us in the business of fighting fraud understand it is and will be an ever-changing challenge. And we expect 2015 to be no different, unfortunately. One of the most difficult expectations placed on fraud organizations is the anticipation of where fraud will occur and how often. In an effort to help you understand what the fraud landscape might look like in the year ahead, I have outlined some considerations that should be understood along with suggestions on how they should be addressed. Read more
Payment security standards like Europay, MasterCard and Visa (EMV), Host Card Emulation (HCE), and Point-to-Point Encryption (P2PE) have been given much attention and discussion this year. With Apple Pay, we now have a new hype payment security solution called Tokenization.
This week we launched a new addition to the Total Fraud Protection platform—DMARC CompassTM. DMARC Compass is a cloud-based service that was built to fill a giant, gaping hole in most anti-fraud programs and to provide huge and wide-ranging benefits to infosec, marketing, advertising, legal and sales teams. The problem with B2B or B2C email is two-fold—email is critical and nobody trusts it, especially with 100 billion pieces of spam sent on a daily basis. Read more
Today, we announced a new product offering in our fraud intelligence family of products called DMARC CompassTM. If you are not yet familiar with the term, Domain-based Message Authentication, Reporting & Conformance or DMARC, is a technical specification and emerging standard designed to help reduce email fraud. You can read some earlier blog entries and announcements that we have made here, here and here.
We have recently become aware of a new scheme targeting businesses through some of the partners they trust and are closest to – their vendors and third-party providers. We are seeing evidence of these schemes popping up in the Deep Web – the black markets where criminals often sell the credentials or information they have to offer to other criminals eager to act on that information. In this emerging man in the middle scheme, fraudsters convince businesses that their vendors’ bank account information has changed, thereby funneling legitimate payments into illegitimate accounts.
Almost every day we hear of a new retailer that has experienced a data breach, frustrating financial institutions that must then deal with the fall-out. According to the recent Faces of Fraud survey, conducted by ISMG, over 70% of financial institutions were impacted by the Target breach last December alone. But how does the fraud economy work? What exactly happens to all this data that is stolen? How is it sold, and what is it worth?
As IOS8 was made available last month, numerous organizations have jumped on Touch ID fingerprint bandwagon and updated with their application with Touch ID support. I think this is a step in the right direction as passwords are slowly becoming a thing of the past and have shown to be easily hacked by most hackers. Not only are passwords weak protection against breaches, they are also hard to memorize especially with volume of password a single person has to remember and the different and often complex configurations sites require today. Read more
The Total Fraud Protection team at Easy Solutions is delighted to announce that the latest version of our transaction monitoring solution, DetectTA, is now available. DetectTA’s new capabilities include an innovative fraud alert review process and case management resources aimed at increasing fraud detection rates and giving users more flexibility when investigating new cases of fraud. Read more