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Australian firm Latitude FinancialServices 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
Moreover, it will look at cybercriminal activities related to circumventing identity and authentication mechanisms for these innovations, including the development of synthetic identities, identitytheft and account takeovers. Such discoveries would no doubt prove useful to the financialservices community at large.
Millions of customers of large businesses have been left vulnerable to identitytheft, 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.
Much like any other banking channel, financial institutions need to strengthen their customer authentication if they expect to stop fraud in the financialservices industry, said Neil Schwartzman of secure messaging infrastructure provider, Message Bus.
Digital Shadows reports that out of its total client base, businesses operating in the financialservices, food and beverage, technology, health care, and insurance verticals were responsible for nearly half of all total risk events observed. “We
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 , socialengineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.
The scheme likely aimed at identitytheft: the illegal use of others’ personal details for deriving profit. Social networks (6.83%), online games (2.84%), messengers (2.02%) and financialservices (1.94%) round complete the TOP 10 categories of sites of interest to criminals.
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