On The Web

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Risk

GoDaddy Employees Used in Attacks on Multiple Cryptocurrency Services

November 23 2020

• in
• Phishing

“Fraudsters redirected email and web traffic destined for several cryptocurrency trading platforms over the past week. The attacks were facilitated by scams targeting employees at GoDaddy, the world’s largest domain name registrar, KrebsOnSecurity has learned. The incident is the latest incursion at GoDaddy that relied on tricking employees into transferring ownership and/or control over targeted domains […]

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Deals

Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI

November 20 2020

• in
• Ecommerce fraud

“Forter , an automated fraud detection platform for ecommerce , has raised $125 million in a series E round that values the company at over $1.3 billion. The raise comes as ecommerce transactions surge under pandemic-driven lockdowns. But the throngs of people jumping online to shop have opened the floodgates to fraud . Recent data […]

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Risk

Criminals launder coronavirus relief money, exploit victims through popular apps

November 18 2020

• in
• Money laundering

“Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving money, law enforcement officials say. Cash App, Venmo, Zelle and PayPal have become portals to easily move money, making transactions more difficult to trace.”

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Risk

Ticketmaster fined £1.25m over payment data breach

November 13 2020

• in
• Data breach

“Ticketmaster UK has been fined £1.25m for failing to keep its customers’ personal data secure. The fine was issued by the Information Commissioner’s Office (ICO) following a cyber-attack on the Ticketmaster website in 2018. The ICO said personal information and payment details had potentially been stolen from more than nine million customers in Europe. Ticketmaster […]

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Risk

This new malware uses remote overlay attacks to hijack your bank account

October 20 2020

• in
• Malware

“Researchers have uncovered a new form of malware using remote overlay attacks to strike Brazilian bank account holders. The new malware variant, dubbed Vizom by IBM, is being utilized in an active campaign across Brazil designed to compromise bank accounts via online financial services.”

On The Wires

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Deals

Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime

November 19 2020

• in
• Money laundering

“Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, and Verafin , an industry pioneer in anti-financial crime management solutions, today announced that they have entered into a definitive agreement for Nasdaq to acquire Verafin for US$2.75 billion in cash, subject to customary adjustments. The agreement will combine Verafin’s comprehensive suite of anti-financial crime management products with Nasdaq’s reach and […]

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Companies

Keyno, Michigan State University Federal Credit Union, and Visa Launch Pilot Program Offering New Approach to Online Payment Security

November 17 2020

• in
• Card fraud
• Visa

“With e-commerce increasing sharply in the midst of the COVID-19 pandemic, a less positive trend has followed – an increase in fraud related to online and in-app purchases. Keyno, maker of CVVkey™ technology that uses dynamic card verification value 2 (CVV2) code technology, today announced a pilot program with Michigan State University Federal Credit Union […]

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Risk

Fraud Prevention Made Even Stronger with the Launch of LexisNexis Emailage

November 16 2020

“LexisNexis® Risk Solutions today announced the availability of LexisNexis® Emailage® , a powerful fraud risk scoring solution fueled by email intelligence to help companies balance a seamless user experience with robust fraud detection and prevention capabilities. This solution helps solve both of these challenges by allowing organizations to confidently assess risk, approve transactions faster and […]

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Risk

Acuant Launches Acuant®GO No Code IDV and KYC Solutions for Agile Digital Transformation

November 10 2020

• in
• Identity verification

“Acuant , a leading global provider of identity verification solutions, today announced the launch of Acuant®GO , a suite of no code solutions. Acuant®GO delivers the power of the Acuant’s Trusted Identity Platform at lightning speed. It is the fastest way to go-to-market and deploy mobile and web identity verification and KYC/AML that meet regulatory, business […]

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Risk

LexisNexis® Risk Solutions Delivers Fraud Detection Capabilities and Insight into Identity Event and Application Activity through New LexisNexis® Fraud Intelligence Product

November 10 2020

• in
• Identity verification

“LexisNexis® Risk Solutions today announced LexisNexis® Fraud Intelligence , the newest addition to the company’s suite of fraud and identity products. LexisNexis Fraud Intelligence is a non-FCRA solution that helps organizations mitigate new account fraud risk by bringing together identity events and consumer application activity to arrive at a comprehensive, powerful score that offers complete view […]