Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Payments

Don't check out! - Credit card skimming activity observed

Our friends at BlackBerry recently released an in-depth blog post on a campaign by threat actors targeting online payment businesses that discusses what happens from initial compromise to the skimmer scripts themselves. You can read their blog here. This blog is focused on what we found across the AT&T Cybersecurity customer base as we looked for the indicators of compromise (IOCs) identified in the BlackBerry blog and on the quick-follow up analysis we performed and provided to our customers.

Decoding Synthetic Identity Fraud in the Evolving AI Landscape

In the rapidly evolving digital landscape, artificial intelligence is a two-sided coin. Fraud protection software, like INETCO BullzAI, harnesses artificial intelligence (AI) technologies to offer fraud protection against financial criminals and cyber attackers. Conversely, fraudsters can weaponize the same technology to steal funds. A prominent example of this connection is synthetic identity fraud. This payment fraud vector often employs AI and deepfakes.

Debit Card vs Credit Card: Which Is More Secure Online?

Although both debit and credit cards provide easy methods of payment, credit cards have better fraud protection which makes them more secure to use online. Credit card fraud can easily happen through security breaches or cyberattacks that steal your payment card information. It’s important to use the most secure payment method to protect yourself from the damaging effects of credit card fraud.

INETCO is Making Waves in the BC Tech Sector - INETCO is Named a Finalist for the Gamechanger Ambition Award

Each year, the BC Tech Association celebrates the remarkable achievements of the British Columbia technology community through the Technology Impact Awards (TIA). The Gamechanger – Ambition Award, is a testament to a company’s drive to address significant challenges, lead with conviction, and leverage technology to shape a better future.

Advanced Persistent Threats (APT): The Silent Parasites in Payment Networks

In the critically acclaimed, Oscar-winning 2019 film Parasite, a family’s cunning scheme to infiltrate a wealthy family’s home is a vivid metaphor for the stealthy and calculated maneuvers of advanced persistent threats (APTs) in the digital realm.

Smarter Digital Payment Monitoring in 2023

In bustling metropolises and rural communities alike, changes in the world of payments are forcing businesses to move at the speed of light. Whether you operate your business from a towering skyscraper or a busy village market, you must deal with dynamic evolutions in digital payments. From instant payments to super apps to embedded finance, businesses are embracing new ways to separate consumers from their money safely.

INETCO in the News: Commentary: How Emerging Technologies Can Help Solve EBT Fraud

Ali Solehdin – Digitaltransactions.net – August 11, 2023 Instances of electronic benefits transfer (EBT) fraud have become more prevalent in the United States as criminals become more brazen and increasingly prey on society’s most vulnerable.

The Blurred Lines Between Payment Fraud and Cybercrime: Implementing Robust Security Solutions to Stay Safe Online

Once upon a time, there was a small business owner named Alice, who fought to keep her retail establishment afloat amid the stormy seas of a global pandemic. Like many other merchants, she embraced the digital revolution and moved her store online. This allowed her to reach more customers and keep her business buoyant. Her store, Alice’s Wonderland, offered a vibrant range of local handicrafts that started garnering attention on social media. It was a tale of small business success.

INETCO in the News: AI and Machine Learning as a Solution to the EBT Fraud Epidemic

Ali Solehdin – The Banking Exchange In 2022 alone, the Supplemental Nutrition Assistance Program (SNAP) distributed over $113.9 billion to nearly 22 million households across the United States. This figure represents an increase of over $5 billion from the year prior and nearly a $40 billion increase from 2020. Unfortunately, as the SNAP allocation has increased, criminals — from individuals to organized crime rings — have stolen an increasing share of these benefits.

Unraveling the Tactics and Impacts of Account Takeover Fraud

It’s the third day of your long-awaited vacation. While relaxing at the beach, you hear a not particularly welcome chime on your phone (because who takes a vacation from their phone), indicating a new email notification. Your bank notifies you that a significant transaction has been made on your account― a purchase you immediately realize you didn’t authorize. Your heart pounds as you log into your banking app only to find your account empty.