Remove Accountability Remove B2C Remove Phishing
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News alert: Memcyco report reveals only 6% of brands can stop digital impersonation fraud

The Last Watchdog

The creation of fake websites used for phishing-related attacks (which are a top cause of account takeover (ATO)) is a growing problem that has earned cybercriminals an astonishing $1 billion+ in 2023 alone, according to data from the U.S. Federal Trade Commission.

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NEW TECH: Cequence Security launches platform to shield apps, APIs from malicious botnets

The Last Watchdog

The nonstop intensity of these attacks is vividly illustrated by the fact that malicious bot communications now account for one-third of total Internet traffic. One of the most intensive uses of criminal botnets is account takeovers. Thus, what we’re experiencing today is the blossoming of B2B and B2C commerce transacted digitally.

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ChatGPT at work: how chatbots help employees, but threaten business

SecureList

The user creates an account and gains access to the bot. Account hacking. Account security is always a priority issue. It is quite possible for attackers to gain access to employee accounts — and the data in them — for example, through phishing attacks or credential stuffing.

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‘If you wait for government, you’re going to be waiting a long time’: A look at Biden’s cyber funding

SC Magazine

It depends whether the company is in the B2C market or in B2B. Most small companies don’t always think about risk and if they do think about risk, they actually think about it in very specific, technical ways (like phishing attacks or not putting passwords on Post-It notes). That’s a bigger concern.