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Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented

Fintech News

The report also shows fraud is increasingly driven by people rather than bots. Both sectors also reported higher levels of bot-driven activity. Japan saw a 77% rise in human-led attacks and a 40% increase in bot traffic. Download the APAC Cybercrime Report here. It’s unsurprising. There’s some progress, though uneven.

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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 the number of bot attacks in the sector decreased by 6% YoY. Automated bot attacks remained stable in 2023 compared with the previous year, though the targets shifted. Despite this high volume.

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Banking Bots: The Good, The Bad And The Ugly

PYMNTS

billion personal records exposed in a variety of ways: 52 percent through hacking; 33 percent via phishing; and 32 percent through social engineering, with many involving more than one method. For more on these and other digital fraud news items, download this month’s Tracker. Axos Bank on How to Separate the Good Bots From the Bad.

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Hackers Access Unsecured Facebook Database With 267M Users’ Info 

PYMNTS

Security researcher Bob Diachenko and Comparitech discovered that a Facebook database with 267 million user IDs, phone numbers and names was left unsecured and accessed by hackers, who uploaded it to a downloadable format, according to a report. . 4, and then posted as a download on the forum on Dec. It was first indexed on Dec.

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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3 Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. percent increase from the previous year.

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ProofPoint Warns Of Bank Trojans: A Massive Threat Executives May Overlook

PYMNTS

Phishing emails — 93 percent of which include ransomware, according to ITProPortal — should by no means be ignored. ProofPoint’s report does not underestimate the strength of ransomware attacks via phishing. Another phishing strategy, known as angler phishing, also showed its teeth in Q2.

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Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats

PYMNTS

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Weaknesses in the technology’s handling have already resulted in major abuses, too. percent of U.S.

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