On The Web

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Risk & Fraud

Equifax sends Congress more details on massive data breach

May 8 2018

• in
• Data breach

“According to filing, hackers accessed names and birthdates of roughly 146.6 million U.S. consumers; Social Security numbers of 145.5 million; addresses of 99 million; gender of 27.3 million; phone numbers of 20.3 million; driver’s license numbers of 17.6 million; email addresses of 1.8 million; payment card numbers and expiration dates of 209,000; TaxIDs of 97,500; […]

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Domains

Risk Levels Surge for E-Commerce And for Payment Processors, Finds ThreatMetrix

May 7 2018

• in
• Ecommerce fraud

“E-commerce attacks increased 93% in the first quarter of 2018 in comparison to the same quarter a year ago, finds the Q1 2018 Cybercrime Report from ThreatMetrix, a unit of LexisNexis Risk Solutions. Based on an analysis of 210 million attacks ThreatMetrix detected and stopped on behalf of its clients, the report found that most e-commerce […]

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Risk & Fraud

Australia’s Largest Bank Lost The Personal Financial Histories Of 12 Million Customers

May 2 2018

• in
• Data breach

“BuzzFeed News can reveal that the nation’s largest bank lost the banking statements for customers from 2004 to 2014 after a subcontractor lost several tape drives containing the financial information in 2016. While the bank initially notified the Office of the Australian Information Commissioner (OAIC) of the breach shortly after it became aware of it […]

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Risk & Fraud

Think You’ve Got Your Credit Freezes Covered? Think Again.

May 9 2018

• in
• Identity theft

“I spent a few days last week speaking at and attending a conference on responding to identity theft. The forum was held in Florida, one of the major epicenters for identity fraud complaints in United States. One gripe I heard from several presenters was that identity thieves increasingly are finding ways to open new mobile […]

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Risk & Fraud

Online shopping fraud up—particularly in two categories

May 9 2018

• in
• Ecommerce fraud

“Total online shopping fraud increased 30% in 2017, according to a report from Experian Information Systems. The rise was most dramatic in shipping, where it rose to 37% in 2017 over the previous year, and billing, where the rate increased 34%. (Shipping fraud occurs when a criminal uses their address for the delivery of stolen […]

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Risk & Fraud

U.S. and Canadian regulators open probes into cryptocurrency scams

May 21 2018

“The North American Securities Administrators Association announced the wide-ranging series of probes on Monday, dubbed “Operation Crypto-Sweep.” The investigations, some of which have already concluded, are aimed at unregistered securities offerings and initial coin offerings that promise significant returns without informing investors of the risks.”

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Risk & Fraud

With Synthetic ID Fraud Losses Soaring, Complications Beset a Search for Solutions

May 9 2018

• in
• Card fraud
• Identity theft

“Cyberthieves can use the payment credentials they steal to charge products to the people who are the legitimate owners of that data. That’s bad enough. But increasingly, these fraudsters are using the information they glean from data breaches to invent fresh identities, sometimes out of whole cloth, leaving credit card issuers, banks, and other lenders […]

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Global

Thieves Suck Millions Out Of Mexican Banks In Transfer Heist

May 14 2018

• in
• Mexico
• Wire fraud

“Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to fake accounts and promptly withdrew the money, two sources close to the government’s investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of […]

On The Wires

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Risk & Fraud

Notice Of Unauthorized Access To Chili’s Grill & Bar Guest Data

May 14 2018

• in
• Data breach

“What Happened? On May 11, 2018, we learned that some of our Guests’ payment card information was compromised at certain Chili’s restaurants as the result of a data incident. Currently, we believe the data incident was limited to between March – April 2018; however, we continue to assess the scope of the incident. We deeply value […]

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Risk & Fraud

Fiserv Introduces Innovation in Early Breach Detection with Rippleshot Partnership

May 7 2018

• in
• Card fraud

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has partnered with Rippleshot, a fraud analytics firm, to offer Card Risk Office℠ Fraud Warning, an early breach detection solution that allows financial institutions to identify potential fraud events 30-60 days prior to network alerts.”