eCommerce scammers branch out

  • When consumers turned to online shopping as pandemic lockdowns took hold, fraudsters tagged along in a big way. The
  • Scammers did their most damage in the fourth quarter of 2020, delivering increases in credential stuffing, account takeover and gift card fraud, all of which are likely to be top attack vectors in 2021
  • Learn more about how to stop credential stuffing, account takeover, and eGift card fraud.

North Korean hackers stole more than $300 million to pay for nuclear weapons, says confidential UN report

  • North Korea‘s army of hackers stole hundreds of millions of dollars throughout much of 2020 to fund the country’s nuclear and ballistic missile programs in violation of international law, according to a confidential United Nations report.
  • Fraudsters often use their ‘earnings’ to perpetuate more crime. In order to stop the cycle of fraud, businesses need to protect against it from the beginning. Learn more about stopping fraud before it starts.

NFL launches its official store in Mexico

  • The new mobile and e-commerce location will provide fans with a one-stop shop for merchandise from their favorite NFL team or players and that is part of the broader global expansion of the NFL.
  • Kount recently partnered with FreedomPay on a complete solution to enable international expansion with fraud-free payments and frictionless customer journeys. Learn more about the partnership.

More than three billion emails and passwords were just leaked online

  • Normally when a data breach occurs, the cybercriminals responsible may leak the usernames and passwords stolen from one organization or company. However, a new compilation recently posted on an online hacking forum contains more than 3.2bn unique pairs of cleartext emails and passwords gathered from past leaks.
  • In order to prevent the use of stolen credentials, Kount recommends the use of multi-factor authentication, an approach to security authentication which requires that the user provide more than one form of verification in order to prove their identity.
  • Three major factors include verification by something a user knows (such as a password), something the user has (such as a smart card or a security token), and something the user is (such as the use of biometrics).

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February 16, 2021
Weekly news digest
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