With an 8 percent increase on the previous year, identity fraud is on the rise. More fraud means more victims, but the victims do not exist without perpetrators and it’s important to understand exactly who these perpetrators are. The fraudsters fall broadly into three main types of fraud: those who commit first party, second party or third party fraud.
Technology is advancing at a rapid pace. This not only favors the development of new products that facilitate users’ lives, but also becomes a new attack vector for attackers, who see fresh opportunities to obtain economic gain.
When we think of an online fraudster, the common stereotype is that of a shady criminal who has successfully stolen an unsuspecting customer’s credentials in order to drain their bank account or to go on a shopping spree with their hard-earned cash. Or perhaps, as we discussed in our earlier blog, we presume the fraud is the work of a highly organized criminal gang, which makes use of an arsenal ...
For years we have witnessed the pace at which technology advances. This progress not only generates business opportunities for multinational companies with soaring revenues; for many entrepreneurs and visionaries, this advance has meant a source of income and a livelihood.
Phishing is considered one of the most prolific cybercrimes affecting individuals, companies and large institutions. Basically, it consists of supplanting the identity of a person or a brand/company through different media based on new information technologies.
It is common nowadays to hear news about new families of banking malware for Android devices and how they work. However, the same cannot be said for iOS devices. This may lead us to ask “Is there malware for iOS? And banking malware?
In 1979, Cohen and Felson presented a new approach in criminology theories. Until then, these theories had been quite focused on the criminal – on their genesis and characteristics, as if a crime depended solely on the existence of a criminal motivated to commit it.
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ABOUT THE COMPANY
buguroo provides a complete solution in the market for combatting online banking or financial services fraud. It identifies the highest number of customer identity theft and manipulation attacks, using Behavioral Biometry and Malware Detection to alert upon detection of any anomalous behavior during the entire customer session, including the opening of new fraudulent accounts.