Internet crime is a growing problem around the world. Under the guise of a fake bank or legitimate agency, scammers can cause consumers to lose significant amounts of money in little time. In one recent case, an online scam cost a New York-based physician named Sergio Narvaez $200,000. After wiring the money to a fake bank in the United States, … Read More
American Cancer Society Online Store Infected with Malware
Cybercriminals don’t discriminate when it comes to stealing credit card numbers, and the American Cancer Society is no exception. A group of cybercriminals known as Magecart created a malware code that was designed to steal credit card numbers from the American Cancer Society’s online store page. The page allowed customers to purchase t-shirts, books, greeting cards, and other products with … Read More
Malicious Browser Pilfers Bitcoins
The digital security firm ESET has reported that, in 2017 and 2018, an unknown group of criminals used a trojanized version of the anonymous Tor browser to steal $40,000 worth of bitcoins from Dark Web users. They advertised the web pages that carried the malicious Tor browser on Russian-language forums, garnering them 500,000 page views in a series of months … Read More
UK Has Concerns Over Contactless Payment Card Security
A 2019 study by IDEX Biometrics ASA found that 63% of consumers in the United Kingdom (UK) are afraid that their contactless payment card may be used fraudulently. The survey involved 1,000 UK current account or credit card holders who believe a criminal could scan their card while it’s in their pocket and steal their funds. Growth of Convenient Payment … Read More
Financial Fraud and Secure Payment Methods
While payment methods have become more convenient with debit cards and online banking, the risk for financial fraud has also increased. One piece of personal information can be the entry point for a cyber criminal to access all of your funds. Recent studies show that account takeovers account for half of the online banking fraud, while the other half is … Read More
