Home 2015 June
formats

Dyre Malware Picks Up Where Zeus Left Off

Since the takedown of the Zeus botnet in June 2014 fraudsters have moved to a new malware of choice, known as Dyre, which also seeks to obtain online banking credentials by mimicking hundreds of different financial institutions worldwide, including 70 in the United States. The malware can infect IE, Chrome and Firefox users, and infections

(More)…

 
formats

Most U.S. Merchants Will Not Make EMV Deadline and Less than Half of Small Businesses Have Any Plans To

According to a recent report from Javelin Strategy & Research, up to 75 percent of merchants in the United States will not be EMV compliant by the October 15th deadline. Many major retailers have already started implementing EMV terminals but smaller merchants are much further behind and many have no plans to catch up. A

(More)…

 
formats

MasterCard Forms New Partnerships to Proliferate Use of Tokens

MasterCard seeks to solidify their place as a premier token service provider as they recently formed partnerships with Synchrony Financial and Citi Retail Services to support tokenization for several private label payment cards. The card association also announced plans to expand token services for mobile and eCommerce merchants with recurring billing and card-on-file programs. These

(More)…

 
formats

Taxpayer Data Stolen from IRS Used to File Up to $39 Million in Fraudulent Returns

Published on June 25, 2015, by in Data Breach.

Between February and May fraudsters used compromised consumer information to obtain more detailed tax payer data via the IRS’s “get transcripts” web service for consumers. The IRS estimates there were 200,000 unauthorized attempts or lookups to gain access to copies of previous year tax returns, more than half of which were successful, leading to as

(More)…

 
formats

Samsung Disables Windows Updates Leaving PCs Vulnerable

Many Samsung laptop users have recently found, or may still be unaware, that software from Samsung is disabling Microsoft’s automatic Windows Updates, leaving these devices susceptible to attacks and vulnerabilities that may have been preventable. Even if users disable the Samsung software and manually turn Windows Updates back on, the computer will revert back to

(More)…

 
formats

Critical Capabilities that can Enable Custom Modeling Solutions to Improve Business Intelligence

Real-time custom modeling can enhance Business Intelligence capabilities leading to not only improved risk detection, but an overall better understanding of your customers and business, which benefits other areas of the business outside of risk management. Many of the capabilities and features to look for when building or buying custom modeling solutions for risk management

(More)…

 
formats

Facebooks Leads the Way, But Many Social Media Platforms DriveTraffic and Sales

The top 500 online retailers in terms of site traffic from social media earned $3.3 billion in revenue from social shopping in 2014 while a popular eCommerce platform shows that many of its small and medium merchant clients are increasing site visits and volume through multiple social media apps and sites as well. If you

(More)…

 
formats

Growing Mobile Traffic Underscores Importance of Mobile Friendly Sites and Apps

According to data from comScore, 13 percent of U.S. Internet users that visited retailers online did so only using mobile devices, including both mobile web and mobile apps. Meanwhile nine out of the ten largest online retailers in North America are seeing at least one-third of their digital traffic in the mobile channel, and at

(More)…

 
formats

Two More Social Sites Add Buy Buttons to their Platform

Social sharing sites Pinterest and Instagram each announced new features to reduce friction and convert more users into customers by adding buy buttons and other calls-to-action directly within advertisements or posted content on their respective mobile apps. Rather than follow links to start checkout directly on a merchant’s site, users will be able to make

(More)…

 
formats

Mitek Systems Acquires IDchecker for $10.6 Million

Mitek, who specializes in mobile onboarding and capturing solutions, announced they would be acquiring identity document verification provider IDchecker for $10.6 million. Mitek owns several patents related to mobile imaging technology used for mobile deposits and other applications for financial institutions but will now incorporate photo verification of identity and other documents following the acquisition

(More)…

 
© The Fraud Practice LLC 2012