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5 Ways to Protect Your Ecommerce Business

CyberSecurity Insiders

This portrays a grim picture for ecommerce businesses — filled with data breaches and irate customers. As per our research, here are five tried-and-tested techniques to protect your ecommerce digital business from dangerous online frauds. Bot traffic to mobile applications account for a huge chunk of all bot traffic worldwide.

eCommerce 112
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Darwinium upgrades its payment fraud protection platform

CSO Magazine

Use cases for the Darwinium platform include account security, scam detection, account takeover, fraudulent new accounts, synthetic identities, and bot intelligence. The company claims that the update ensures customers remain in control of users’ data while also preventing Darwinian from becoming a target of cybercrime.

B2C 82
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Law enforcement Operation HAECHI IV led to the seizure of $300 Million

Security Affairs

The six-month operation (July-December 2023) targeted organizations involved in seven types of online scams: business email compromise (BEC), ecommerce fraud, investment fraud, voice phishing , money laundering associated with illegal online gambling, romance scams , and online sextortion schemes.

Scams 89
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Memcyco Raises $10M To Deliver Real-Time Brandjacking Protection

CyberSecurity Insiders

billion in 2022 due to imposter scams, according to U.S. Website impersonation (also known as “brandjacking”) draws users to fraudulent copies of a brand’s website to trick them into revealing personal and financial account information used to steal their identities and funds. Twenty percent of consumers collectively lost more than $2.6

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Breached on Black Friday? 56% of Consumers Won’t Return Until After Christmas

SiteLock

In fact, holiday shopping can account for up to 30 percent of annual sales for online retailers. This time of year, it’s more important than ever that ecommerce businesses make cybersecurity a top priority in order to protect their website, customers, and bottom line. Holiday Shopping Revenue Reaches New Heights. billion and $730.7

Retail 98
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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. For the tool to function, the operator must input a list of compromised email accounts to be scanned. billion on organizations.

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Surge of Fake FIFA World Cup Streaming Sites Targets Virtual Fans

Security Boulevard

The FIFA World Cup 2022 has brought with it a spike in cyber attacks targeting football fans through fake streaming sites and lottery scams, leveraging the rush and excitement around these uncommon events to infect users with malware. Case 2: FIFA WorldCup related scams. Case Study 1 : Fake streaming sites.

Scams 98