Learn more about Online Bank Fraud

It’s 10:30 in the morning and Carmen enters the bar punctually to have breakfast, as she does every day. It’s like the movie Groundhog Day: she sits down in the same place at the same time and orders the same breakfast. Marisa, a new friend, sits down next to her and they greet each other enthusiastically. They met a week ago, when Marisa asked her if she could sit next to her because a couple of ...

At buguroo we have been detecting a massive fraud campaign targeting banks in Latin America and Europe since the end of last month, July 2019. Its objective is to steal money and credentials, and it is being executed using a RAT (Remote Access Trojan) type malware that we have baptized “Banker RTC Portal”.  

A large firm’s receptionist receives a phone call. On the other end of the line, a rather anxious young woman tells her a story. A few hours ago, she has had to leave home in an emergency because her son has fallen ill and they are now at the hospital waiting to be seen. The receptionist is worried because she is also a mother, although as yet she does not really know the identity of the caller ...

Banks and other organizations within the finance industry are bound to encounter new data security threats throughout 2019. From nation state-directed strikes to targeted spear phishing attacks, the digital dangers poised to assail financial information technology infrastructure over this year are numerous, according to researchers from the International Data Group.  

Fraud is an immense problem for organizations navigating the digital age. Cybercriminals everywhere are targeting businesses across all sectors, leveraging account takeover, social engineering and user impersonation schemes to gain access to customers' wallets.  

Financial institutions worldwide suffered numerous cyberattacks in 2018. For instance, cybercriminals targeted seven of the largest European banks in April, including the Royal Bank of Scotland, Santander and Tesco Bank, in April, unleashing an immense distributed denial of service strike that crippled operations and cost the parties involved hundreds of thousands of dollars in mitigation ...

Criminal profiling is a psychology-based technique in which, on the basis of an analysis of the behavior engaged in by offenders at the time of their crime, an attempt is made to identify the characteristics describing it in order to assist police investigators in their arrest.

In Machine Learning, many parameters are assessed and improved via the learning process. By contrast, a hyperparameter is a variable whose value is set before training; therefore, it is neither assessed nor corrected.

PSD2 catalyzes an open banking revolution. Discover in 4 steps the news of the European directive.

The European Union's General Data Protection Regulation (GDPR) dominated enterprise information technology headlines throughout 2018, as organizations worldwide grappled with the associated operational fallout.