Learn more about Online Bank Fraud

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. 

Cybercrime seems very recent and modern, but at the dizzying pace everything happens today, this is a phenomenon that has already gone through several stages of evolution and development.

Email and other internet scams have become so widespread that just about anyone could be a target. However, being in the banking and finance sector may put your business at an even greater risk.

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.

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.

IBM presented the results of an innovative new project exploring the future of malware during the Black Hat USA cybersecurity conference in August 2018.

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.

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 ...