Mobile Banking Apps 50% Safer than Other Channels in U.K.

233% increase in online fraud attack rates overall;
The highest fraud rates were detected in Poole, Leicester, West Berkshire, Buckinghamshire,and Derby;
Regions with the lowest fraud rates in Scotland and Wales;
50%+ higher banking fraud rate reported when using desktops and laptops, telephone, or in-person combined vs. mobile banking applications.
London, UK - 5 April 2022 – Feedzai has released its quarterly Q2 2022 Financial Crime Report, The RiskOps Age, based on an analysis of over 18 billion global banking transactions throughout 2021. The report identifies trends in consumer spending and fraud attacks and compares transactional intelligence from 2021 and the previous three years to provide insights from pre-pandemic vs. the first and second years of the pandemic. One of the main conclusions is that while online transactions grew 65%, online fraud attack rates grew by 233%.

: THE EDITORIAL TEAM; Industry News; Posted On Wednesday, 06 April 2022 09:47

Armis Appoints Tom Gol as CTO for Research

Armis reinforces commitment to staying ahead of cyberattacks through in-depth threat and vulnerability research

Palo Alto, Calif.: Armis has announced the appointment of Tom Gol as CTO for Research, reporting directly to Nadir Izrael, Global CTO and Co-founder at Armis. In this role, Tom will lead and oversee all research efforts as the company continues to solidify its place as a security leader and expert in threat and vulnerability research. His team will work to bolster the Armis platform and enhance product development, effectively integrating research to make a substantial impact on the product.

: THE EDITORIAL TEAM; Appointments, Promotions & Personality Profile; Posted On Wednesday, 06 April 2022 09:42

Apparel Industry Update: Ecommerce Sales Boom While Fraud Rings Adapt

The apparel industry is highly susceptible to major world events. In order to thrive, it needs to continuously adapt to market changes. The COVID-19 pandemic meant that brick-and-mortar stores suffered a decrease in visits and sales, while ecommerce sales flourished and even doubled. Every day was a holiday for fashion ecommerce entrepreneurs.

But as innovation was brimming in the world of fashion commerce, fraudsters were also thinking of ways to penetrate the ever-changing market. Their tactics morphed to be better able to penetrate more rigid fraud protection solutions.

: MEDIAWORKS; Viewpoints; Posted On Wednesday, 06 April 2022 09:39

SASIG announces Independent Advisory Board

SASIG, The Security Awareness Special Interest Group, has established an Independent Advisory Board for its forthcoming 'Big SASIG' event, comprising CISOs and industry experts that have been handpicked for their wide-ranging expertise and knowledge of the cybersecurity industry.