Topic: data breaches

Fighting Next-Gen Financial Fraud: Key Strategies

July 10, 2025

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Fighting Next-Gen Financial Fraud: Key Strategies

Synthetic identity scams cost U.S. banks $6 billion annually, with criminals using data breaches and AI-powered tools to create and exploit fake identities. AI accelerates fraud by enabling large-scale scams, such as advance-fee schemes, where criminals target victims more efficiently and at mini...

Data Hoarding Risks: Financial & Security Dangers Exposed

Businesses face significant financial and security risks from data hoarding, as cybercriminals exploit vulnerabilities created by retaining unnecessary data. Nearly half of enterprises store unneeded data, leading to breaches and leaks, with 86% of organizations experiencing breaches in the past ...

2025 Fraud Trends: Rising Risks for Online Retailers

The eCommerce sector is experiencing a surge in fraudulent activities driven by financial pressures, geopolitical instability, and evolving cyber threats, requiring urgent action from retailers. Emerging fraud trends include remote access attacks, card testing, and loyalty program exploitation, w...