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Identity theft of 225,000 customers takes place at Latitude Financial Services

CyberSecurity Insiders

Australian firm Latitude Financial Services is hitting news headlines as a cyber attack on its servers has led to the data breach of 225,000 customers. Note 4- Australian Cyber Security Centre is working with relevant law enforcement forces to investigate the data theft in detail. The company which has over 2.8

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Research partnership to examine how fraudsters abuse financial tech innovations

SC Magazine

Moreover, it will look at cybercriminal activities related to circumventing identity and authentication mechanisms for these innovations, including the development of synthetic identities, identity theft and account takeovers. Such discoveries would no doubt prove useful to the financial services community at large.

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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.

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Popular apps left biometric data, IDs of millions of users in danger

Security Affairs

Millions of customers of large businesses have been left vulnerable to identity theft, thanks to a security flaw that exposes their personal data to illicit download. Among those affected are clients of Europcar, a vehicle rental service, and FxPro, a trading platform. Verification process. Looming dangers.

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Websites repeatedly stalked by fraudulent copycats, say researchers

SC Magazine

Digital Shadows reports that out of its total client base, businesses operating in the financial services, food and beverage, technology, health care, and insurance verticals were responsible for nearly half of all total risk events observed. “We

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Stronger customer authentication only way to mitigate risk of bank fraud

Dark Reading

Much like any other banking channel, financial institutions need to strengthen their customer authentication if they expect to stop fraud in the financial services industry, said Neil Schwartzman of secure messaging infrastructure provider, Message Bus.

Banking 40
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Spam and phishing in 2022

SecureList

The scheme likely aimed at identity theft: the illegal use of others’ personal details for deriving profit. Social networks (6.83%), online games (2.84%), messengers (2.02%) and financial services (1.94%) round complete the TOP 10 categories of sites of interest to criminals.