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Online Fraud Detection

Online Security: Beware new WhatsApp scam offering “free internet without Wi-Fi”

It seems that the number of scams spreading through the messaging app WhatsApp keeps on increasing, with deceptive campaigns coming up with with novel ways of luring in victims. Today we will show you a new example of this.

This particular WhatsApp scam promises users a free internet service, without needing to use Wi-Fi. Despite being complete nonsense from a technical point of view, the offer may nevertheless appear tempting to those unaware of the realities. And it’s also selling something pretty amazing …

Imagine being able to navigate with your smartphone wherever you are, without mobile data from your carrier or a Wi-Fi network. Who wouldn’t like that while on holiday abroad? It’s like magic … because it’s not real. Clicking on this scam won’t change that.

The decoy

As usual, the message spreads via WhatsApp groups or comes from a friend who “recommends” the service – often unaware of it. In this case, you receive a special invitation with a link:

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Security and Risk Online: Where credit card fraudsters like to shop in Texas and why

What do grocery stores and banks have in common? They’re both hotspots for credit card fraudsters in Texas, according to Rippleshot.

 

The fraud analytics company compiled a list of the top ten places fraudsters like to spend money and majority of the list includes various types of retail and wholesale stores. However, one of the hotspots confused analysts a bit.

 

“When we did the top ten list where people… actually go and spend fraudulent cards—grocery stores, home supply warehouse stores, wholesale clubs, department stores, gas stations—none of that was particularly surprising to us,” said Canh Tran, CEO of Rippleshot, a Chicago-based predictive technology provider with a focus on credit cards. “What was, was… federal reserve banks.”

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Cyber Security: Healthcare Industry Vulnerabilities Give Rise to Cyber Crime

In November, at least 35 healthcare facilities in the U.S., U.K. and Canada were targeted by cybercriminals executing Business Email Compromise (BEC) campaigns. The organizations, which included hospitals, specialty care providers, walk-in clinics and pharmaceutical companies, were defrauded by attackers who impersonated executives within the organizations.

Cybercriminals are drawn to and attack the healthcare industry for many reasons, but primarily because they allocate a bulk of their resources to patient care and innovation, which often leaves information security underfunded. However, by becoming educated about BEC scams and the tools available to mitigate this threat, healthcare organizations can drastically reduce email fraud and associated financial losses.

Understanding BEC

BEC is defined by the FBI as a sophisticated email scam that targets businesses working with foreign partners that regularly perform wire transfer payments. As such, BEC scams typically involve an attack

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Cyber Security: Calgary fraud cases jumps dramatically during grim economic year

Fraud crimes in Calgary during the first three quarters of 2016 were up nearly 28 per cent over the previous year, a spike that’s seen city police alter their approach to combating it.

 

Up until the end of last September, fraud-related crimes were up 27.6 per cent over the same period of 2015 and during that month last fall, increased by 59 per cent, say city police statistics.

 

During that period of 2016, police cleared 30.7 per cent of those cases.

 

 

Those numbers come at a time when Calgarians’ finances are still reeling from a recession amid a prolonged oil and gas slump. 

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Manual Reviews Hurt Online Retailers Most During Holidays

The holidays are a stressful period for online retailers, who get not only more customers but also a higher ratio of fraudsters. And when manual fraud reviews are added to the mix, the problem only gets worse.

There are two main risks associated with manual reviews during peak shopping periods, said Michael Reitblat, CEO at payment security vendor Forter.

When companies switch from manual to automated fraud reviews, charge backs go down by 30 to 70 percent. Plus, approvals increase by 5 to 10 percent.

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Security and risk online: This fake security email tries to make your PC part of a botnet

A new email scam campaign by cybercriminals purporting to be from 'Microsoft Security Office' is infecting its victims with Neutrino exploit kit malware. The email warns the recipients that their bank accounts are being used for suspicious activity as a result of a virus. Neutrino bot malware can be used for various nefarious criminal means, including data theft via capturing keystrokes, form grabbing and taking screenshots, performing DDoS attacks, making spoof DNS requests, and downloading additional malware onto the infected machine. The latest Neutrino campaign has been spotted by cybersecurity researchers at Malwarebytes.

 

 

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Online Security - Seniors Try To Stay Safe In A High-Tech World

LAGUNA WOODS – Advances in technology and its growing necessity in everyday life bring the increasing vulnerability of users to cybercrimes. Despite Laguna Woods’ low crime rates, many residents have expressed concerns about cybercrime, fraud and telephone scams plaguing the community.

“The likelihood of getting a senior who lives in this Village is very high,” Sellards said. “If you make enough calls, it’s just the law of averages; if you make 20 calls a day you just need one or two to bite.”

Avoid becoming a victim to cybercrime, fraud or scams by using common sense, Thompson said. Take precautionary steps such as using firewalls on computers and difficult passwords.

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Increasing Levels of Cyber Security will be vital as Fintech Approaches

In 1993, cartoonist Peter Steiner of The New Yorker coined the phrase: ‘On the internet, no-one knows you’re a dog.’ More than 20 years later, the issue of internet privacy and a user’s ability to send and receive messages anonymously, remains a significant barrier to building online trust.

 

“The reality is, as individuals, if we really knew and appreciated the risks we face when dealing with financial services online, we simply wouldn’t do it,” suggests James Varga, chief executive officer of The ID Co. “15 years ago nobody knew about banking fraud, now everybody knows somebody who has been affected by fraud, phishing attacks, or identity theft.

 

“High profile hacks from TalkTalk, Yahoo and dating sites have exposed our personal data to potential misuse. The fact is, a lot of that risk comes from our online activities and the need to constantly prove we are who we say are.”

 

With online fraud growing every year, it is now estimated to cost the UK economy more than £11bn per y

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Online Fraud Detection: Nobody seems to know what Rudy Giuliani's cybersecurity firm actually does.

Rudy Giuliani has been tapped to "lend expertise" and to advise the Trump administration on cybersecurity.

The former New York mayor "will be sharing his expertise and insight as a trusted friend concerning private sector cybersecurity problems and emerging solutions developing in the private sector," said a brief statement from the incoming Trump administration.

But details about Giuliani's role were not immediately available.

Trump's pick of Giuliani for this position isn't all too surprising to security circles. It's widely known that he is the chief executive of his own private-sector cybersecurity venture, Giuliani Partners.

Giuliani spent much of his time consulting after leaving office as mayor of New York at the end of 2001. His venture claims to offer "a comprehensive range of security and crisis management services." His consulting firm has hired controversial staffers, and has worked for questionable clientele, reports have said.

Yet, even his cybersecurity venture's we

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The Top Cyber Security Risks in Asia-Pacific In 2017

Cybercriminals will continue to innovate through ransomware

The malware business is a business like any other: cyber threat groups compete and innovate, with the most successful growing and spreading rapidly. Given the success of ransomware in 2016, we will see a continuation of ransomware attacks – with new innovations emerging and propagating, according to whichever attracts most payment.

2016 saw real innovation in the ransomware market, with a particularly interesting recent variant called ‘Popcorn Time’ that allows the victim’s files to be decrypted for free if they can infect two other people.

Commoditized versions of ransomware will, however, be a less pervasive threat for large corporations, as they gradually improve the management of this threat and their ability to mitigate it. Rather, criminals will target high-value assets using more sophisticated and innovative ransomware variants, and will develop additional functionality to seek out more lucrative individual targets

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